Potential offtaker

Ricardo PLC

www.ricardo.com

Estimated electricity consumption

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Countries of production presence

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Ricardo PLC is a leading global engineering and environmental consultancy firm based in the United Kingdom. The company provides a range of engineering services, including technical consulting, product innovation, and strategic advice to clients across a variety of industries. With a focus on sustainability and decarbonisation, Ricardo PLC is committed to helping its clients reduce their carbon footprint and transition to a more sustainable future.

One of the key areas of expertise for Ricardo PLC is corporate energy. The company works with clients to develop and implement energy management strategies that help reduce energy consumption, lower costs, and improve overall efficiency. This includes conducting energy audits, identifying opportunities for energy savings, and developing and implementing energy management systems.

In addition to its work in corporate energy, Ricardo PLC is also a leader in the field of renewable energy. The company provides a range of services to clients in the renewable energy sector, including technical consulting, project management, and engineering design. Ricardo PLC has worked on a variety of renewable energy projects, including wind farms, solar power plants, and biomass facilities.

One of the key ways that Ricardo PLC helps its clients transition to renewable energy is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy generator, where the company agrees to purchase a certain amount of renewable energy from the generator over a fixed period of time. Ricardo PLC helps its clients identify and negotiate corporate PPAs that meet their specific needs, whether it's to reduce their carbon footprint, lower energy costs, or meet sustainability targets.

Decarbonisation is a key focus for Ricardo PLC, and the company is committed to helping its clients reduce their greenhouse gas emissions and transition to a low-carbon economy. This includes working with clients to develop decarbonisation strategies, identifying opportunities for emissions reductions, and providing technical expertise to support the implementation of decarbonisation initiatives.

Ricardo PLC has a strong track record of working with clients across a range of industries, including automotive, energy, and transportation. The company's expertise in these areas allows it to provide tailored solutions that meet the unique needs of each client.

In the automotive sector, Ricardo PLC provides a range of engineering services, including product innovation, design, and testing. The company has worked with a variety of automotive clients, including major manufacturers and suppliers, to develop more efficient and sustainable vehicles. This includes developing hybrid and electric powertrains, improving fuel efficiency, and reducing emissions.

In the energy sector, Ricardo PLC provides technical consulting and engineering services to clients across the energy value chain. This includes working with utilities, oil and gas companies, and renewable energy developers to improve efficiency, reduce emissions, and transition to a more sustainable energy mix.

In the transportation sector, Ricardo PLC provides a range of services, including engineering design, testing, and certification. The company has worked with clients in the aviation, rail, and marine industries to develop more efficient and sustainable transportation solutions.

Overall, Ricardo PLC is a leading global engineering and environmental consultancy firm that is committed to helping its clients transition to a more sustainable future. With a focus on decarbonisation, corporate energy, corporate PPAs, and renewable energy, the company provides tailored solutions that meet the unique needs of each client.

✓ Science Based Targets member
✓ Declared Net Zero commitment