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Friday, January 27, 2023

Jacobs (NYSE: J) to Support TEPCO in Fukushima Clean-up

Jacobs Engineering Group Inc. (NYSE: J) confirmed that Tokyo Electric Power Company Inc. (TEPCO) has chosen to back decommissioning of the Fukushima Daiichi nuclear power plant in Japan. Both the companies have inked a five-year framework agreement. TEPCO has been collaborating with Jacob’s professionals in Japan and the United Kingdom since 2016.

Jacobs is tackling the world’s most pressing issues for thriving cities, robust environments, mission-critical results, operational development, scientific discovery, and innovative manufacturing, transforming abstract ideas into realities that change the world for the better. Jacobs provides a broad range of professional services for the government and commercial sector, including consulting, technical, scientific, and project delivery, with a revenue of $14 billion and a workforce of around 55,000.

Jacobs will offer program and project management services to TEPCO’s Fukushima Decontamination and Decommissioning Engineering Company under a five-year framework agreement. Jacobs will rely on deep domain knowledge and years’ experience on major U.S. and U.K. nuclear sites.

The Fukushima Daiichi nuclear power station suffered the world’s second most serious nuclear catastrophe in March 2011, when an earthquake and tsunami caused meltdowns in three reactors, hydrogen explosions, and the release of radioactive material. The framework will cover critical issues such as contaminated water treatment, decontaminated water release, spent fuel, fuel debris, and site enhancements.

Furthermore, Jacobs’ involvement will include project management, long-term decommissioning strategy planning, supply chain resource management and implementation, and fuel debris retrieval program formulation. Jacob’s specialists will be embedded within the client’s organization under this new framework to aid in the development of in-house decommissioning and engineering capabilities, which will take over responsibility for tasks previously outsourced.

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