Penspen, a global engineering consultancy, reported a successful end to 2024 with $120 million in new contract awards secured in the second half of the year. The company's fiscal year saw a 14% increase in new contracts compared to 2023, reaching a total of over $225 million in sales for 2024. Various regions contributed to this success, with the Middle East and Africa securing 26 new contracts valued at $98 million, including services like project management and consultancy. Notably, the Kingdom of Saudi Arabia focused on renewable energy frameworks, including hydrogen production and other sustainable energy sources. In the UK and Europe, Penspen diversified its portfolio with 57 new contracts totaling $16 million, covering areas such as hydrogen repurposing, carbon capture studies, and gas compression upgrades. The company also expanded its energy transition scopes in Europe, partnering with organizations like Latvian gas operator Conexus and Trans Adriatic Pipeline for hydrogen-related projects. Additionally, Penspen's growth in the UK market was evident through asset management contracts and strategic acquisitions, enhancing its engineering capabilities. The company's positive momentum extended to the Eastern Hemisphere, where significant headcount growth was observed in regions like the Middle East and Kingdom of Saudi Arabia. Penspen's focus on supporting clients in developing new energy assets and ensuring operational efficiency contributed to its success. With a commitment to sustainable energy practices and infrastructure, Penspen is well-positioned for continued growth and success in the evolving energy landscape.