16 Fluor Corporation Decarbonizing the Heidelberg Materials cement plant // Geseke, North Rhine-Westphalia, Germany Quellaveco Open Pit Copper Mine // Moquegua, Peru Market Overview GLOBAL MEGATRENDS Energy Transition Energy transition is driven by rising demand for clean, abundant and affordable energy. Global electricity demand grew at twice the pace of overall energy demand over the last decade. The demand for renewable fuels continues to grow, as does the need for copper due to its heavy use in electrification projects for power plants, the power grid and electric cars. In Europe and North America, government policies supporting carbon reduction through funding and credits could drive progress. However, post-2024 election uncertainty in key energy markets has delayed capital investments, prompting a cautious balance between traditional energy production and meeting growing low-carbon power demand. DEMONSTRATED EXCELLENCE • Supported 250+ active energy transition projects throughout 2024, despite near-term market slowdown. • Designing the world’s first net-zero Scope 1 and 2 emissions integrated ethylene cracker and derivatives complex in Canada. • Focusing on low-carbon power market, including nuclear and thermal, such as the Cernavodă and RoPower nuclear power projects in Romania. Industry 4.0 Widely considered the ‘Fourth Industrial Revolution’, Industry 4.0 is the next leap in manufacturing systems, where advanced manufacturing techniques and the Internet of Things are capable of more autonomous functions. This trend has expanded into the engineering and construction industry. The growth of generative AI technologies that enhance productivity could add trillions of dollars in value to the global economy. The global cloud computing market is expected to grow substantially due to the rising demand for computer power and storage space. The global data center construction market is expected to almost double by 2033. Digital automation and digital twin adoption continue to surge, driven by needs to reduce cost or improve operational efficiency. DEMONSTRATED EXCELLENCE • Supported eight digital automation projects in North America, Europe, the Middle East and South America. The latest digital twin technology was utilized on the Quellaveco Open-Pit Copper Mine facility completed last year. • Built data centers in India and Finland; pursuing multiple data center construction opportunities across the globe. • Evaluating generative AI productivity use cases across plant design, cost and schedule, quality and Health, Safety and Environmental (HSE). As of year-end 2024, we have 60 AI-enabled systems.
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