![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. With a strong backlog and high financial flexibility, the company is positioned to make aggressive investments in emerging areas like carbon capture. Revenue is impressive, with Fluor reporting an order backlog of $26 billion across businesses in Q3 of 2023. So, Fluor will leverage on its technology to seek further growth in the carbon capture business. Notably, FLR’s technology has is already being used in 30 facilities over the last few decades. If the greenwashing on the website of any fossil-fuel company including those involved in the noblesse oblige of carbon capture, use and storage, referred to by the abbreviation CCUS is any measure of the need to project a corporate image of being invested in climate action, then her point was well taken. In the partnership, Fluor will be providing its proprietary Econamine FG Plus carbon capture technology. In June, Fluor and Carbfix announced a collaboration to pursue integrated carbon capture and storage ( CCS) solutions. With FLR stock trading at a forward price-earnings ratio of 14.4, it seems like a good accumulation opportunity. Yet cuts to emissions alone won’t get us to net zero by 2050, warns the IPCC. However, the energy solutions segment is involved in business that include carbon capture, renewable fuels, waste-to-energy, among others. The climate emergency is driving the five most severe risks facing the world over the next decade, according to the World Economic Forum’s Global Risks Report 2023. Fluor Corporation (FLR)įluor Corporation (NYSE: FLR) is an engineering, procurement, and construction company. Additionally, the company is pursuing cost-cutting measures, and it’s likely that EBITDA margin will improve coming quarters. High on the list is carbon capture, use, and storage (CCUS), the term for a family of technologies and techniques that do exactly what they say: they capture CO 2 and use or store it to prevent its release into the atmosphere. With the solid-oxide fuel cell system having a wide application, losses could narrow on operating leverage. However, operating level loss was $103.7 million. In the next five years, I expect carbon capture segment to increasingly contribute to total revenue and potential revenue acceleration.įor Q3 2023, Bloom Energy reported healthy revenue growth of 36.9% to $400.3 million. Specific to carbon capture technology, the company “ captures and recycles hydrogen and water from the fuel cell exhaust and then separates emitted water vapor and CO2.” Further, the CO2 can be permanently sequestered in the ground or utilized in new applications. This includes hydrogen fuel cell, heat capture, carbon capture, among others. Carbon capture, utilization, and storage (CCUS) is increasingly becoming widely accepted as a viable option for fossil-based energy sourcessuch as coal- or gas-fired power plants and other industrial sourcesto lower their carbon dioxide (CO 2) emissions. As an overview, Bloom Energy is leveraging on its fuel cell platform for various applications. Source: Sundry Photography / Shutterstockīloom Energy (NYSE: BE) is another interesting pick among carbon capture companies.
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