Infrastructure Investment and Jobs Act

Jacobs Secures National Grid Management Consultancy Framework

Retrieved on: 
Tuesday, August 22, 2023
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DALLAS, Aug. 22, 2023 /PRNewswire/ -- Jacobs (NYSE:J) has been appointed to National Grid's new General Management Consultancy Framework to support the energy utility's business service operations needs in the U.K. and U.S.

Key Points: 
  • DALLAS, Aug. 22, 2023 /PRNewswire/ -- Jacobs (NYSE:J) has been appointed to National Grid 's new General Management Consultancy Framework to support the energy utility's business service operations needs in the U.K. and U.S.
    Jacobs will provide service operations support across National Grid to help improve core business functionality, including strategic development, business planning, process improvement and implementation support.
  • Extending Jacobs' more than 15-year relationship with National Grid through this framework will unlock better outcomes," said Jacobs Senior Vice President for Global Business Units Koti Vadlamudi.
  • In the U.K., Jacobs has supported National Grid in multiple ways.
  • For example, the Design & Project Services Framework across National Grid's Transmission portfolio, and the Jacobs/Morrison Energy Services Joint Venture (J1M) provide a range of services on National Grid's Electricity Transmission Engineering Procurement Construction Framework - Substations Lot .

Fiber Broadband Association and Cartesian Expand BEAD Funding Resources for State Broadband Offices

Retrieved on: 
Monday, August 21, 2023
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Today at Fiber Connect 2023 , the Fiber Broadband Association (FBA) and Cartesian unveiled their BEAD Threshold Financial Model that helps states calculate their Extremely High Cost Per Location Threshold (EHCT) for fiber broadband deployments using Broadband Equity, Access, and Deployment (BEAD) funding from the Infrastructure Investment and Jobs Act.

Key Points: 
  • Today at Fiber Connect 2023 , the Fiber Broadband Association (FBA) and Cartesian unveiled their BEAD Threshold Financial Model that helps states calculate their Extremely High Cost Per Location Threshold (EHCT) for fiber broadband deployments using Broadband Equity, Access, and Deployment (BEAD) funding from the Infrastructure Investment and Jobs Act.
  • The BEAD Threshold Financial Model is FBA’s latest resource that will help state broadband offices and others within the fiber broadband ecosystem connect every community to high-quality broadband and close the digital equity gap.
  • Our BEAD Threshold Financial Model addresses that challenge head-on,” said Gary Bolton, President and CEO of the Fiber Broadband Association.
  • This financial modeling tool broadens the library of BEAD funding resources that FBA offers to state broadband offices, broadband service providers, and others.

United States Construction Industry Report 2023: Industry will Contract by 2.5% this Year in Real Terms, Following a Sharp Decline of 8.2% Last Year - Industry Gears Up for Rebound - ResearchAndMarkets.com

Retrieved on: 
Wednesday, August 16, 2023
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US construction industry will contract by 2.5% this year in real terms, following a sharp decline of 8.2% last year.

Key Points: 
  • US construction industry will contract by 2.5% this year in real terms, following a sharp decline of 8.2% last year.
  • Inflationary pressures and high interest rates, along with labour shortages have impacted construction activity, but it has mainly been the residential construction sector that has suffered a severe drop in work in real terms.
  • However, non-residential building sectors as well as the infrastructure sector and energy and utilities have been improving, following weakness in the past few years.
  • Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in the US, featuring details of key growth drivers.

Jacobs Completes $600 Million Senior Notes Offering

Retrieved on: 
Friday, August 18, 2023
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DALLAS, Aug. 18, 2023 /PRNewswire/ -- Jacobs (NYSE:J) today announced that it closed a public offering of $600 million aggregate principal amount of 6.350% senior unsecured notes due 2028.

Key Points: 
  • DALLAS, Aug. 18, 2023 /PRNewswire/ -- Jacobs (NYSE:J) today announced that it closed a public offering of $600 million aggregate principal amount of 6.350% senior unsecured notes due 2028.
  • The notes have been issued by Jacobs Engineering Group Inc. and unconditionally guaranteed by Jacobs.
  • The notes will mature on Aug. 18, 2028, unless repurchased or redeemed in accordance with their terms prior to such date.
  • The net proceeds of the offering are being used to repay a portion of the amounts outstanding under Jacobs' revolving credit facility.

Fidelis New Energy Selects Mason County West Virginia for Lifecycle Carbon Neutral Hydrogen Project, Data Center Campus, and Greenhouse Complex

Retrieved on: 
Wednesday, August 16, 2023
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HOUSTON and POINT PLEASANT, W.Va., Aug. 16, 2023 /PRNewswire/ -- Fidelis New Energy®, LLC ("Fidelis") is pleased to announce the selection of Mason County, West Virginia for a lifecycle carbon neutral ("net-zero") hydrogen production facility and low carbon microgrid —The Mountaineer GigaSystem™ ("Mountaineer") and the Monarch Cloud Campus™ for data centers powered by net-zero hydrogen. Mountaineer will be implementing the proprietary FidelisH2® technology that enables production of hydrogen with zero lifecycle carbon emissions from a combination of natural gas, renewable energy, and carbon capture, utilization, and sequestration ("CCUS").

Key Points: 
  • This net-zero carbon hydrogen will be used for a variety of purposes including carbon neutral hyperscale datacenters, greenhouses, transportation, and steel production.
  • And now, we're in a great position to make the most of a new fuel – hydrogen – through this incredible project in Mason County.
  • John Musgrave, the Executive Director of the Mason County Development Authority commented, "The citizens of Mason County are elated with the announcement of Fidelis New Energy selecting Mason County, West Virginia, for its multibillion-dollar state of the art carbon neutral, clean hydrogen complex.
  • FidelisH2 is a novel hydrogen production pathway that enables lifecycle carbon neutral hydrogen from natural gas and renewable energy.

Fidelis New Energy Selects Mason County West Virginia for Lifecycle Carbon Neutral Hydrogen Project, Data Center Campus, and Greenhouse Complex

Retrieved on: 
Wednesday, August 16, 2023
Cloud, Hydrogen, Carbon, Senior, United States Department of Energy, Infrastructure Investment and Jobs Act, Geology, Congress, Inflation, Local government, Patent, Investment, Economic development, Transport, House, Executive, University, Nation, West Virginia University, Renewable energy, Inflation Reduction Act of 2022, CCS, Entrepreneurship, Legislation, Employment, Gulf Coast of the United States, United States House Committee on Natural Resources, History, Non-governmental organization, National States Geographic Information Council, Natural gas, Letter, Joe Manchin, Virginia House of Delegates, Justice, Senate, United States Senate Energy Subcommittee on Energy, Mountain, CO2, Babcock & Wilcox, CCUS, Coal, Oil, Private investigator, Mountaineering

HOUSTON and POINT PLEASANT, W.Va., Aug. 16, 2023 /PRNewswire/ -- Fidelis New Energy®, LLC ("Fidelis") is pleased to announce the selection of Mason County, West Virginia for a lifecycle carbon neutral ("net-zero") hydrogen production facility and low carbon microgrid —The Mountaineer GigaSystem™ ("Mountaineer") and the Monarch Cloud Campus™ for data centers powered by net-zero hydrogen. Mountaineer will be implementing the proprietary FidelisH2® technology that enables production of hydrogen with zero lifecycle carbon emissions from a combination of natural gas, renewable energy, and carbon capture, utilization, and sequestration ("CCUS").

Key Points: 
  • This net-zero carbon hydrogen will be used for a variety of purposes including carbon neutral hyperscale datacenters, greenhouses, transportation, and steel production.
  • And now, we're in a great position to make the most of a new fuel – hydrogen – through this incredible project in Mason County.
  • John Musgrave, the Executive Director of the Mason County Development Authority commented, "The citizens of Mason County are elated with the announcement of Fidelis New Energy selecting Mason County, West Virginia, for its multibillion-dollar state of the art carbon neutral, clean hydrogen complex.
  • FidelisH2 is a novel hydrogen production pathway that enables lifecycle carbon neutral hydrogen from natural gas and renewable energy.

222,000 U.S. Bridges Need Repair; Federal Infrastructure Law Bridge Program Providing Needed Resources

Retrieved on: 
Wednesday, August 16, 2023
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"The good news is that states are beginning to employ these new resources to address long-overdue bridge needs," ARTBA President & CEO Dave Bauer said.

Key Points: 
  • "The good news is that states are beginning to employ these new resources to address long-overdue bridge needs," ARTBA President & CEO Dave Bauer said.
  • "What we do know now from other market indicators is that there are more bridge projects in the pipeline."
  • There are 31 states that have committed less than 33 percent of their available bridge formula funds as of June 30.
  • States have four years to commit formula bridge program funds for specific projects, giving them additional flexibility to decide when to make investments.

United States Construction Industry Report 2023-2027 - Residential Sector Stabilizes with US Government's Long-Term Plans

Retrieved on: 
Tuesday, August 15, 2023
CHIPS, Science, White House, Housing, Construction, Infrastructure Investment and Jobs Act, Homelessness, IIJA, Weakness, IRA, Energy Information Administration, Government, White, Forecasting, Future, Internet, Inflation, Climate change, EIA, Risk, Natural gas, Yoy, Commercial, Inflation Reduction Act of 2022, Transport, Assessment, Real estate, Renewable energy, Risk management, LNG

DUBLIN, Aug. 14, 2023 /PRNewswire/ -- The "United States (US) Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Aug. 14, 2023 /PRNewswire/ -- The "United States (US) Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027" report has been added to ResearchAndMarkets.com's offering.
  • US construction industry will contract by 2.5% this year in real terms, following a sharp decline of 8.2% last year.
  • Inflationary pressures and high interest rates, along with labour shortages have impacted construction activity, but it has mainly been the residential construction sector that has suffered a severe drop in work in real terms.
  • Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in the US, featuring details of key growth drivers.

TEAMSTERS COMMEND DOL FOR RE-INSTITUTING STRONG PREVAILING WAGE STANDARDS

Retrieved on: 
Thursday, August 10, 2023
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WASHINGTON, Aug. 10, 2023 /PRNewswire/ -- The Teamsters are applauding the Dept. of Labor for its announcement that it has issued a ruling on prevailing wage standards under the Davis-Bacon and Related Acts (DBRA). The ruling will return the definition of "prevailing wage" to the standard used from 1935 to 1983, thereby requiring compensation on federally funded construction projects to be on par with a living wage for workers in a given locality.

Key Points: 
  • of Labor for its announcement that it has issued a ruling on prevailing wage standards under the Davis-Bacon and Related Acts (DBRA).
  • "The methods for determining prevailing wage rates never should have been modified in the first place, so we commend Secretary Su and the Biden-Harris administration for doing right by working-class communities," said Teamsters General President Sean M. O'Brien.
  • In addition to returning the prevailing wage to the pre-1983 standard, the DOL ruling will also improve the prevailing wage update system so rates keep pace with actual wages, modernize regulatory language to reflect current construction industry practices, and strengthen worker protection and enforcement mechanisms to ensure employers comply with the new standards.
  • "Modernizing prevailing wage standards under the DBRA is integral to making sure these investments benefit the American middle class."

ComEd, Elevate, Illinois Green Alliance Win $4.5 Million Federal Infrastructure Grant to Support Building Decarbonization in Illinois

Retrieved on: 
Thursday, August 10, 2023
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ComEd, Elevate, and Illinois Green today announced that a proposal to expand building electrification in Illinois has been selected for a $4.5 million grant from the U.S. Department of Energy (DOE).

Key Points: 
  • ComEd, Elevate, and Illinois Green today announced that a proposal to expand building electrification in Illinois has been selected for a $4.5 million grant from the U.S. Department of Energy (DOE).
  • The grant award, made possible by the federal Infrastructure Investment and Jobs Act (IIJA), will support the launch of a new Chicago building performance Hub, a collaboration by ComEd, Elevate, Illinois Green Alliance and state and local partners to advance more sustainable building practices across Illinois.
  • The building performance Hub will provide advisory services to building owners and contractors, supporting them on compliance with advanced energy codes and building policies, such as building electrification.
  • ComEd will serve as a technical advisor on the project, investing $500,000 to stand up programs over the next three years.