Penspen, a number one world power companies firm, has secured greater than US$25mn price of recent contracts throughout the first quarter of 2022, together with greater than eight new contracts within the Center East throughout the mission administration consultancy, engineering, and asset integrity service strains
The corporate attributes this sturdy gross sales efficiency to sturdy demand available in the market for Penspen’s power engineering companies and for its in depth expertise. Elevated funding in power infrastructure on account of greater power costs, in addition to rising funding in planning for the power transition to realize internet zero by 2050, are additionally elements.
“Now we have a long time of expertise which is very related to the challenges that our shoppers are at the moment going through as they change to delivering decrease carbon power for his or her prospects, whether or not it’s constructing new infrastructure to ship pure fuel for energy technology or repurposing present pipeline networks to be used with hydrogen,” stated Peter O’Sullivan, Penspen CEO. “These gross sales outcomes are a mirrored image of the trusted relationships we have now constructed with many long-term shoppers through the years as we assist them handle these challenges.”
“It has been a difficult market for everybody, however the workforce has carried out an excellent job in persevering with to develop the corporate, thus enabling us to proceed delivering worth to our shoppers,” added Neale Carter, govt vice chairman for the Center East, Africa and Asia Pacific Areas.
“The Center East is a key marketplace for us and nearly all of the brand new contracts within the area are medium and long-term, demonstrating the religion our shoppers and companions have in us.”