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Energy Transition

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Audubon Companies is committed to helping clients accelerate the clean energy transition journey to safeguard the environment, people, and communities.

The world is on the precipice of a dramatic transformation. By 2050, the global population is expected to increase by roughly 2 billion, while energy demand is projected to grow by nearly 50%. At the same time, there is a pressing need to address the systemic risk of climate change and reduce emissions from anthropogenic activities.

For organizations in energy-intensive industries, such as power and utilities, energy and chemicals, infrastructure, and other industrial sectors, long-term success is becoming increasingly predicated on carbon footprint reductions. Decarbonization efforts, however, do not occur “in a vacuum” and must be carefully balanced with key project factors related to safety, cost, performance, and reliability of supply. At Audubon Companies, we recognize this reality and are committed to helping companies develop and execute tailored energy transition strategies that enable them to achieve emission reduction targets.

DRIVING TOWARD A CARBON-NEUTRAL FUTURE

Across our companies, we are proactively doing our part to address the challenges of climate change. As a full-service EPC with expertise that spans the entire energy value chain – from hydrocarbons, to renewables, to alternative fuels, such as hydrogen – we are uniquely capable of providing “energy agnostic” solutions that deliver the lowest carbon footprint given our clients’ unique project requirements.

While we believe that a shift away from fossil fuels to clean energy sources, such as wind, solar, and storage, will be critical to the planet’s future, we know that the process will take time. The Energy Information Administration (EIA) estimates that in the U.S., renewables won’t make up the majority of power generation until 2045-2050.

In the coming decades, hydrocarbons, particularly natural gas, will remain vital to meeting the demand for power and buffering the intermittency of renewables. They also will be needed for the production of many derivative products and fuels that are important to the quality of life for billions of people. By leveraging technologies for carbon capture, utilization, and storage (CCUS), in combination with digital transformation, we believe it is possible to significantly reduce the carbon footprint of industries that have traditionally relied on conventional generation and make progress toward a net-zero future.

We also believe that the increased use of alternative fuels, like hydrogen will be critical to decarbonization. While the majority of hydrogen produced today is “grey” (i.e., produced from fossil fuels with unabated emissions), we are committed to leveraging our project experience and technology portfolio to expand “blue” and “green” hydrogen production, transportation, and utilization.

In the end, a diverse range of sources will be required to create energy systems that are stable, reliable, and sustainable. Our goal at Audubon Companies is to help clients navigate the energy transition by delivering integrated solutions that enable them to meet sustainability targets, while at the same time maximizing operational performance and long-term profitability.

We are committed to addressing climate challenges with sustainable future focused solutions.