Mr. Ian Edwards reports

ATKINSREALIS AWARDED FUSION ENGINEERING SUPPORT CONTRACT

SNC-Lavalin Group Inc. (AtkinsRealis) has been awarded, along with its partners Jacobs Technology Inc. and Longenecker and Associates, a multidiscipline engineering support services contract by the U.S. Department of Energy's Princeton Plasma Physics Laboratory (PPPL). AtkinsRealis spearheads a world-leading fusion engineering consortium of companies and brings a decade of knowledge across multiple international programs to PPPL, which continues its pioneering program of developing solutions for the creation of fusion energy to fuel the next generation of electricity production.

"Supporting the delivery of fusion on a commercial scale to offer safe, limitless and environmentally responsible energy is another example of how we are leveraging our best-in-class engineering services to help break the world's reliance on less sustainable alternatives and advance the global energy transition," said Ian L. Edwards, president and chief executive officer of AtkinsRealis.

The indefinite delivery/indefinite quantity (IDIQ) contract, which spans five years with a base period of three years and two optional years, has a ceiling value of $50-million (U.S.). Services provided by AtkinsRealis and its partners include support for design of future upgrades to the National Spherical Torus Experiment-Upgrade (NSTX-U), the primary fusion experiment and user facility at PPPL; design and fabrication support of plasma diagnostic and heating subsystems for ITER, the international fusion facility being constructed in France, where AtkinsRealis has been the architect engineer since 2010 as a member of the Engage consortium; as well as conceptual design of electricity-generating fusion plants; and development of physics and technology advances that can improve the economics of fusion plants.

"This work represents a significant opportunity for AtkinsRealis to contribute to a highly visible national and international priority program, bolstering the field of fusion research and implementation," said Joe St. Julian, president, nuclear, AtkinsRealis. "Providing management, design, engineering and analysis services to enable PPPL's science mission accomplishments and initiatives will ultimately help accelerate the commercialization of fusion energy, unlocking its potential as a clean, safe and secure energy source of the future."

To support its work in the United States, AtkinsRealis will leverage its well-established European fusion capabilities and extensive collaboration with strategic partners such as the United Kingdom Atomic Energy Authority (UKAEA), where an AtkinsRealis-led consortium is serving as the engineering delivery partner for tranche 1 of the Spherical Tokamak for Energy Production (STEP) program. The United Kingdom and the United States have a long history of collaborative efforts in fusion energy research and development, including, for example, PPPL-UKAEA Fusion fellowships, and they recently announced a new strategic partnership to make fusion energy commercially viable.

AtkinsRealis's vast international experience will help progress the development of carbon-net-zero energy technologies that will power the future of the planet and its people.

About SNC-Lavalin Group Inc. (AtkinsRealis)

Created by the integration of long-standing organizations dating back to 1911, AtkinsRealis is a world-leading professional services and project management company dedicated to engineering a better future for the planet and its people. The company creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. The company deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset, including consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital. The breadth and depth of the company's capabilities are delivered to clients in key strategic sectors such as engineering services, nuclear, operations and maintenance, and capital.

About AtkinsRealis's nuclear business

AtkinsRealis has over 70 years of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. AtkinsRealis is the steward of Candu nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. With an innovative technology portfolio, including access to over 500 patented solutions, AtkinsRealis solves technically complex challenges across the whole nuclear life cycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. AtkinsRealis operates and manages government nuclear research sites, transforming aging infrastructure and safely managing legacy nuclear waste. AtkinsRealis is also involved in developing medical radioisotopes for cancer research through its partnership with TerraPower.

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