Jacobs (NYSE:J) was awarded an extension to its Project Management Resources (PMR) contract with EDF Nuclear Generation , operator of the U.K.'s nuclear power plants. The Jacobs team will continue to support the stations, which account for about 17% of the country's electricity output.
This involves supporting the seven advanced gas-cooled reactor (AGR) stations, including the transition from generation to defueling, and the long-term operation program for the Sizewell B pressurized water reactor. EDF estimates the April 2022 – March 2024 extension at more than $44 million (£32.5 million).
Now in its seventh year, the PMR contract supports work for more than 150 project management specialists. Jacobs is now recruiting for locations across the U.K. and welcomes those with diverse, non-nuclear experience.
Key data points: The growth forecast = 5.4% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global nuclear decommissioning service market to 2031 by reactor type (pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), gas cooled reactor (GCR), and others), strategy (immediate dismantling, deferred dismantling, and entombment), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pages"The agreement to extend was made ten months in advance, reflecting EDF's confidence in Jacobs and our record of successful delivery," said Jacobs Energy, Security and Technology Senior Vice President Karen Wiemelt. "We will assist EDF to maximize generation from these vital national assets for the remainder of their operating lives and to transition smoothly toward defueling and decommissioning."
