With more than 30 years of experience in Latin America, Black & Veatch is consolidating its regional footprint through a strategy focused on resilient infrastructure, energy storage solutions and green hydrogen.
The company — 100% employee-owned — stands out in the PVBook 2025, the international catalogue developed by Energía Estratégica, showcasing its comprehensive service offering that covers consultancy, engineering, construction, operation and maintenance.
“Our approach focuses on generating value throughout the entire energy and water project development chain,” says Óscar Falcón, Regional Operations Leader for Latin America, as he shares the company’s vision for the region.
This philosophy has enabled the firm to strengthen its presence in Chile and expand into Puerto Rico, Mexico and Peru, where it is moving forward with key energy-transition initiatives. One of the central pillars of its roadmap is green hydrogen, particularly as a long-term energy storage vector.
The company positions itself among the few global players with the technical capability to design and build projects at commercial scale. Falcón cited a case where hydrogen is produced using renewables, stored in salt caverns and later used for power generation. “It works like an interchangeable chemical battery,” he summarised.
Today, the company has 245 MW of green hydrogen projects completed or under execution and has participated in more than 200 Front-End Loading (FEL) studies worldwide — a methodology that helps identify risks, plan with greater accuracy, and attract financing from early stages.
Batteries, resilience and a long-term outlook
Battery storage is also a key part of the company’s active portfolio. Far from being displaced by hydrogen, BESS solutions continue to be essential to stabilise grid operations and mitigate renewable intermittency.
Technological improvement in this field is evident. Less than ten years ago, the price of lithium-ion batteries ranged between 300 and 500 USD per kWh. In 2024, prices dropped to around 115 USD per kWh, enabling projects to scale with greater economic viability. Globally, Black & Veatch has accumulated more than 21 GWh of experience in energy storage.
A major example is Puerto Rico, where the company redesigned the delivery of essential energy and water services, moving from a reactive approach to disaster-resilient infrastructure. This transformation has become a reference model for other Latin American regions facing similar conditions.
“We align with clients who share our values and we support them throughout the entire project lifecycle. We have a personal interest in how we solve our clients’ most complex infrastructure challenges,” stated Falcón.
Employee ownership also makes a difference in terms of the team’s commitment. With a vision based on sustainability, clean technology and strategic planning, Black & Veatch aims to establish itself as a key player in Latin America’s energy transition.
