Kellogg Brown & Root has announced that it has been awarded a contract by the Alliance for Sustainable Energy LLC, which is managing and operating contractor of the NREL to provide engineering, advisory and evaluation services.
NREL is a national laboratory within the US Department of Energy complex which specialises in the research and development of renewable energy, energy efficiency, energy systems integration and sustainable transportation.Leveraging the company’s global sustainable technology expertise and US government mission understanding, Kellogg Brown & Root will provide engineering design evaluation and cost analysis for various biofuel and biorefinery projects, advancing NREL renewable energy research and development.
Kellogg Brown R, with a focus on climate change, has developed and/or designed several sustainable as well as renewable fuel projects across the globe over the past decade. Its shares have surged 28.1% in the past three months compared with the industry’s 19.2% rally. The company’s performance was backed by a solid contract winning spree, strong project execution, backlog level, and potential government and technology businesses. On a further encouraging note, it has a robust earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing 12 quarters.