AECOM (ACM) Joins ILIOS Consortium for First Phase of £200M STEP Fusion Energy Program

AECOM (NYSE:ACM) is one of the most promising stocks under $100 to buy. On March 17, AECOM announced it had been selected to provide design and technical services as part of the ILIOS consortium for the first phase of the £200 million Spherical Tokamak for Energy Production/STEP program. Appointed by UK Fusion Energy, the consortium will oversee the initial 3-year tranche of this flagship initiative aimed at building a world-leading prototype fusion power plant in Nottinghamshire.

This project represents a significant step in the UK government’s strategy to transition to low-carbon energy, with the broader program offering future opportunities valued at up to £10 billion. The primary goal of the STEP program is to deliver a commercially viable fusion power plant at the West Burton site by 2040.

The consortium, known as ILIOS, includes specialists from Kier Nuvia, Turner & Townsend, and AL_A, who will work alongside the UK Atomic Energy Authority. The responsibilities encompass the design and construction of all site infrastructure and facilities, ensuring the project meets complex scientific and high-hazard engineering standards while managing the intricate supply chain and program planning required for such a pioneering energy source. The project is expected to generate substantial socioeconomic benefits, including the creation of up to 8,000 jobs during the peak of construction.

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AECOM (NYSE:ACM) is an engineering & construction company that offers professional infrastructure consulting services for governments, businesses, and organizations through the Americas, International, and AECOM Capital segments.

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