Press Release Feb 1, 2022

Jacobs Secures RWE Green Hydrogen Feasibility Contract in the UK

Key project in Jacobs' growing portfolio of strategic solutions to support climate response and the energy transition

Stock image depticting hydrogen energy scheme

DALLAS, Feb. 1, 2022 /PRNewswire/ --?Jacobs?(NYSE:J) has been awarded a feasibility study contract from renewable energy company?RWE?to investigate the production and supply of green hydrogen in South Wales, U.K.

The four-month study will look at the feasibility of initially installing a 100MW electrolyzer at RWE's Pembroke Power Station to produce green hydrogen.

"This feasibility study provides us with an opportunity to work alongside RWE to grow their innovative projects that will further move our sector to low and zero emission generation," said Jacobs People & Places Solutions Senior Vice President for Europe and Digital Strategies?Donald Morrison. "This work reaffirms our 20-year relationship with RWE at Pembroke Power Station and demonstrates our ambitions for Jacobs to be at the forefront of delivering the energy transition."

The study will draw on Jacobs' global hydrogen and multi-disciplinary capability with teams involved from the U.K., mainland Europe and Australia. It will also focus on how green hydrogen could be used for transport and decarbonization activities in South Wales to support carbon reduction targets.

The green hydrogen project has the potential to grow to several gigawatts in scale and could be linked to floating offshore wind in the Celtic Sea. It is the first from?RWE's Pembroke Net Zero Centre?which launched in early 2021.

Richard Little Pembroke Power Station Manager said: "We're excited to see the outputs of Jacob's feasibility study over coming weeks, the first step towards the potential construction of large-scale hydrogen infrastructure at Pembroke. Hydrogen will be a game changer in the decarbonization of heavy industry in South Wales and RWE will be a key partner in helping achieve that."

This is another key energy transition project in Jacobs' growing portfolio supporting clients with integrated solutions that reduce emissions, enhance reliability and strengthen livability outcomes for communities.

In 2021, Jacobs established the?Office of Global Climate Response and ESG, to deliver on the company's commitments to climate change through innovative solutions for its clients across energy transition, decarbonization, adaptation and mitigation, and natural resource stewardship.

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit?jacobs.com?and connect with Jacobs on?Facebook,?Instagram,?LinkedIn?and?Twitter.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic, including the emergence and spread of variants of COVID-19, the efficacy and availability of vaccines and treatments, and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

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SOURCE Jacobs