TerraPower Unveiles Bechtel as Engineering, Construction Partner for Natrium™ Reactor and Energy System Demonstration Project

TerraPower | October 09, 2020

TerraPower today unveiled Bechtel as its plant design, licensing, procurement, and construction partner in a federal grant application to build a demonstration plant for the Natrium™ reactor and energy system architecture. Bechtel, the industry leader in nuclear plant engineering and construction since the 1950s, joins a team that also includes GE Hitachi Nuclear Energy, PacifiCorp, Energy Northwest, and Duke Energy. The Natrium system features an advanced, cost-competitive sodium fast reactor along with an innovative molten salt energy storage system based on those used in solar thermal generation. The result is a design that is affordable and capable of adapting to changes in daily electricity demands driven by solar and wind energy fluctuations. The Natrium technology also separates nuclear and non-nuclear facilities and systems within the plant footprint, simplifying the licensing process and lowering construction costs. "Natrium fulfills the industry vision of what a true advanced reactor should be—safer, simpler, easier and less costly to construct, less expensive to operate, and able to provide energy that is competitive with fossil fuels and complementary to solar and wind power," said Barbara Rusinko, president of Bechtel's Nuclear, Security & Environmental global business unit. "The Natrium system evens out the peaks and valleys in production when the sun is not shining or the wind is not blowing, and it does so affordably with proven technology. We're honored to join the team." Breakthroughs in sodium fast reactor technology have allowed the Natrium reactor to safely operate at much higher temperatures and lower pressures than conventional nuclear reactors. The heat is used to generate steam for a turbine, like most power plants, but it also can be used for industrial processes or stored in molten salt. The system's gigawatt-hour-scale energy storage can also be optimized to meet the needs of specific markets.

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ENGINEERING TECH

UL Partners with InSite to Help Advance Building Intelligence, Technology Integration and Performance

UL | May 13, 2022

UL, a global safety science leader, announced a new partnership with InSite, a provider of building intelligence solutions that enable organizations to optimize performance of real estate assets, achieve sustainability goals and fulfill environmental, social and governance (ESG) reporting requirements. With this partnership, InSite will provide building owners and property managers with actionable building intelligence data to complement UL's ESG advisory, sustainability and energy advisory, indoor environmental quality and field services. UL's advisory services include services such as energy and water audits, commissioning advisory services, sustainability certifications, including Leadership in Energy and Environmental Design (LEED), Building Research Establishment's Environmental Assessment Method (BREEAM), Fitwel and the WELL Building Standard. Per the 2020 Global Status Report for Buildings and Construction by GlobalABC, buildings generate nearly 40% of annual global CO2 emissions including 28% from building operations. As part of the UL and InSite combined offering, InSite's building intelligence platform will support robust reporting and disclosure of ESG and sustainability data to key stakeholders such as GRESB. UL will leverage InSite's extensive data integration capabilities and operational insights to provide relevant advisory expertise, such as carbon accounting and net zero carbon emissions. ESG reporting for a building encompasses a variety of environmental metrics. According to the 2020 United Nations Global Status Report for Buildings and Construction, the operations of buildings contribute to 28% of total global energy-related carbon dioxide emissions. In addition to greenhouse gas emissions, other environmental factors should be considered for ESG reporting, including energy use, water consumption, solid waste and biodiversity. "The commercial real estate industry has prioritized formulating building performance and ESG data as well as related reporting standards as part of overall property management operations, UL's new partnership with InSite will allow us to serve customers with an end-to-end technology and advisory solution to help inform these critical business decisions, including asset allocation, property management company selection and overall investment strategies." Sean McCrady, global director of UL's Asset and Sustainability Performance group "We are extremely excited about our new partnership with UL and the positive impact it will have on our customers. This partnership allows us to continue monitoring and reporting building performance, sustainability and ESG data while enriching and elevating our clients' sustainability journeys with UL's industry-leading advisory," said Francis Gangemi, InSite's president. About InSite InSite is a premier business intelligence solution for real estate owners and operators. InSite's software as a service (SaaS) platform and managed services provide innovative, data-driven insights enabling clients to achieve ESG and sustainability goals and improve building performance while reducing operating costs. InSite's cloud-based platform seamlessly integrates data from a multitude of sources and systems. Leveraging a combination of machine learning and human analytics, InSite delivers actionable intelligence for optimization of real estate operations in support of strategic objectives and regulatory compliance. Visit InSiteIntelligence.com for additional information. About UL UL is a global safety science leader. We deliver testing, inspection and certification (TIC), training and advisory services, risk management solutions and essential business insights to help our customers, based in more than 100 countries, achieve their safety, security and sustainability goals. We believe our deep knowledge of products and intelligence across supply chains make us the partner of choice for customers with complex challenges.

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CONSTRUCTION

Congruex Extends Midwest Leadership with Acquisition of Ohio Valley Excavating

Congruex | December 17, 2021

Congruex, a national end-to-end provider of design, engineering, construction, and maintenance services to broadband providers, announced the acquisition of Ohio Valley Excavating (OVE), a regional industry leader in commercial excavation. Financial terms of the transaction were not disclosed. Founded in 2004, OVE services the fiber telecommunications and utility industries with installation and maintenance for underground electrical, communications, pipe, and structural placements. OVE's full-service excavation capabilities span commercial and industrial construction as well as emergency repairs, with experience across the private and public sectors in Ohio and the Midwest. The addition of OVE will enhance Congruex's service mix and leadership position in key Midwest markets, bring further expertise in the utility space, and bolster its workforce with additional field crews and management personnel. OVE founders and co-owners Lori and Eldon Hallows and Rade Vladicic will remain and serve as senior leaders of the organization. "OVE's excavation and construction expertise will further expand our underground capabilities as part of turn-key design-build solutions for current and prospective customers in the Midwest. As we continue to bring excellent engineering and construction businesses across the country into the One Congruex family, we are grateful to their leaders and founders, like Lori, Eldon, and Rade, as well as their employee bases for building strong organizations and choosing to partner with Congruex." -Bill Beans, Congruex's CEO We are excited to join the Congruex team and look forward to both increasing our services to our customers and providing a quality future for our team," Lori Hallows, CEO and co-owner of OVE, stated. "We see great things on the horizon with this partnership. Ohio Valley Excavating marks Congruex's seventh acquisition of 2021 and caps the platform's most active year of transactions to date, following Bartell & Associates, Mabeck, Viking Corp, Holborn Splicing, A&M Communications, and Matrix Engineering. Congruex has now completed 16 strategic acquisitions since establishing a partnership with Crestview Partners, a leading New York-based private equity firm with significant expertise in the cable, telecommunications, and business services industries. In 2017, funds managed by Crestview Partners, along with the Congruex leadership team, committed $200 million of equity to build out a new platform as part of what is expected to be a total investment of approximately $500 million. Collectively, these transactions have established Congruex as one of the largest telecom engineering and construction firms in the nation. Congruex was advised by Berg Hill Greenleaf Ruscitti LLP. OVE was advised by Dinsmore & Shohl LLP. About Congruex Congruex was formed in late 2017 by industry executives Bill Beans and Kevin O'Hara, in partnership with Crestview Partners. Congruex brings together leading engineering and construction companies across the U.S. into a harmonized platform with capabilities encompassing network development, engineering, construction, mandated road moves, maintenance and operations. Congruex's customers benefit from the integrated skills that it can offer, either as single disciplines or as a turnkey solution with self-perform capabilities. Congruex's engineering services operate nationwide and its construction services operate in the Midwest, California, and the Southeast. For more information: www.congruex.com. About Crestview Partners Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with over $9 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations, and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: media, industrials and financial services. For more information, please visit www.crestview.com.

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ENGINEERING TECH

Saulsbury Awarded EPC Contract for Two Cryogenic Processing Facilities in West Texas

Saulsbury | January 18, 2022

Saulsbury was recently awarded the EPC contract for the design and installation of two cryogenic processing facilities in the Midland Basin. The facilities, designed with a base-rated capacity of 200 MMSCFD each, mark Saulsbury's 61st and 62nd cryogenic processing facility projects since 2006, representing nearly 11 BCFD of processing capacity, and its 23rd and 24th cryogenic processing facility in the West Texas region. Saulsbury will be responsible for the engineering, procurement, and construction of the processing facilities that will include amine treating, molecular sieve dehydration, cryogenic gas processing, residue gas compression, nitrogen rejection, slug catching, condensate stabilization, and all balance of plant equipment, utilities, electrical, instrumentation, and controls infrastructure. Work on this facility started in December with a phased commissioning starting in late 2022. "This important project will continue to showcase Saulsbury's position as a premier EPC contractor for delivering high-quality, speed-to-market solutions for the midstream gas processing space,Our continued practice of implementing project-specific design innovations and optimization will further strengthen our commitment to delivering one of the Midland Basin's premier facilities for our client." -Sean Trotter, Saulsbury VP EPC Engineering/Major Projects. For Saulsbury, this award further solidifies the company's reputation and longstanding history as an industry leader in the oil and gas industry for self-performing the full engineering and construction of cryogenic gas processing facilities. Saulsbury is well known in this industry for its successful project execution and world-class safety performance. About Saulsbury Industries Saulsbury Industries is a full-service engineering, procurement, fabrication, and construction company that specializes in building the infrastructure necessary to fuel the future. Saulsbury serves its clients in heavy industrial markets by designing and building safe, well executed, capital-efficient projects nationwide. Headquartered in Odessa, Texas, the company's national office footprint includes Dallas, Houston, Port Arthur, Henderson, Abilene, Pecos, and Corpus Christi, TX; Carlsbad, NM; Tulsa, OK; and Bismarck, ND. For more information, please visit www.saulsbury.com and follow Saulsbury on LinkedIn, Facebook or Twitter.

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MARKET

Verdantas Launches as an Opportunity for Engineers, Scientists & Technical Experts to Build a Better Tomorrow

Verdantas | January 05, 2022

Five leading professional service groups have come together to form a national company, which is launching under a new brand: Verdantas. Round Table Capital Partners (“RTC Partners”) launched this new venture with the acquisition of Hull & Associates, LLC (“Hull”) in July of 2020, and has since expanded the organization with the acquisitions of Duffield Associates, LLC (“Duffield”), HSW Consulting, LLC (“HSW”), GeoInsight, Inc. (“GeoInsight”) and Alden Research Laboratory, Inc.(“Alden”). Verdantas was started with a vision to build a consulting company focused on improving the world by addressing the toughest challenges facing our natural and built environments today. Over the past 18 months, Verdantas has brought together an outstanding group of consulting companies that share this common focus. The combined organization now offers a comprehensive suite of environmental, energy, water, civil infrastructure, and green and sustainable engineering services. RTC Partners brought together an experienced and accomplished executive team to support the Verdantas mission. “Nearly everything we offer as a company makes the world a better place – that’s what engineers, scientists and technical experts do – that’s how we are wired. We recognize we are contributing to a better, greener future, by collaborating with our clients and the communities where we work. We strive to do this in an atmosphere where our people can thrive and accomplish great things together, supported by a strong team culture.” -Industry veteran Gerry Salontai as Chief Executive Officer (CEO). Mr. Salontai Andra Kidd, COO of Verdantas, added, “To accomplish these ambitious goals, we must look inward, and build a people-first culture that gives our employees opportunities to work on impactful projects that will make a difference for the generations-to-come. Verdantas believes in a brighter tomorrow, and we believe getting there will require a foundation of integrity, compassion, collaboration and advanced science and expertise.” Tony Brindisi, Co-Founder and Managing Partner at RTC Partners, commented on the formation of Verdantas: We have been selective and strategic in the formation of Verdantas. Each entity that joins integrates its engineering, planning, science, and technical expertise to solve complex problems as One Great Company. These companies bring legacies of excellence and are market-leading experts in the environment and its supporting infrastructure. RTC is excited about the enormous potential for positive impact Verdantas is pursuing. Verdantas currently employs over 450 people across 26 offices, and is home to many of the top scientists, engineers and technical experts in the industry. Verdantas operates a people-first culture, concentrating on the well-being of its employees, clients, and the communities where they live and work. The platform is actively hiring across all disciplines and seeking additional companies with a strategic and cultural fit. For more information, please visit the Verdantas website at verdantas.com, and address any inquiries to Terry Reynolds, VP/Corporate Marketing and Communication (treynolds@verdantas.com, 916-889-6681) About RTC Partners RTC Partners is a private equity firm that focuses on investing in and building strong businesses with committed management teams in the professional, business, and healthcare services industries. The firm’s dedicated emphasis on human capital, combined with its thoughtful approach to both organic and inorganic opportunities, allows organizations to unlock the next stage of growth while enabling sustainable and long-term value creation for all stakeholders. RTC is actively seeking additional platform and add-on acquisitions in its targeted markets. For more information, visit rtcpartners.com.

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