R

Rotork

Manufactures industrial flow-control actuators and equipment

Test Development Engineer

Full-Time
No salary listed
Senior, Expert
Bachelor's, Master's
Chennai, Tamil Nadu, India
In Person
QA & TestingTest Automation Engineering

About the job

Requirements
  • Expert-level experience in automated and manual testing of embedded systems, with strong specialization in LabVIEW.
  • Deep understanding and practical application of LabVIEW design patterns and modular test architectures.
  • Advanced proficiency in NI TestStand for complex test sequencing, reporting, and parallel execution.
  • Strong experience with version control systems, branching strategies, code reviews, and change management.
  • In-depth knowledge of the software development life cycle, software testing life cycle, and mature defect management processes.
  • Extensive hands-on experience with multimeters, loop calibrators, digital storage oscilloscopes, and protocol analyzers.
  • Strong expertise in embedded systems testing and industrial communication protocols such as CAN, Modbus, Profibus, and Ethernet-based industrial protocols.
  • Proven ability to design and implement custom test automation frameworks in Python.
  • Experience with test data analysis, logging, and result visualization.
  • A bachelor's or master's degree in electrical, electronics, instrumentation, mechatronics engineering, or a related technical discipline.
  • Eight to twelve years of hands-on experience in embedded systems testing, with emphasis on test automation, test development, and system-level validation.
  • Strong analytical, troubleshooting, and decision-making skills for handling ambiguous problems.
  • Excellent verbal and written communication skills and the ability to collaborate actively with global stakeholders and native English speakers.
  • Ability to work independently while influencing cross-functional teams.
Responsibilities
  • Lead the development, execution, and maintenance of verification and validation strategies for complex embedded products.
  • Architect, design, and enhance scalable test automation frameworks using LabVIEW and Python.
  • Own end-to-end test lifecycle activities, including test planning, test design, execution, defect analysis, and release sign-off.
  • Mentor and technically guide junior and mid-level test engineers on test development and debugging best practices.
  • Drive root cause analysis of complex system-level issues and work with design, firmware, and systems teams to resolve them.
  • Define and enforce test standards, coding guidelines, and design patterns within the test organization.
  • Perform advanced exploratory and stress testing to identify corner cases and systemic gaps.
  • Review product requirements and specifications to identify ambiguities, risks, and testability gaps.
  • Develop comprehensive test plans and traceability matrices and ensure complete requirement-to-test coverage.
  • Participate in design reviews and provide testability feedback early in the development cycle.
  • Own and improve continuous integration and continuous delivery integration for automated tests and test infrastructure.
  • Lead defect triage discussions and influence prioritization based on risk and customer impact.
Desired Qualifications
  • Familiarity with hardware-in-the-loop and system-level test environments.
  • Relevant certifications such as ISTQB Advanced Level, NI CLD/CLA, or equivalent professional credentials.

About the company

Rotork designs, manufactures, and sells industrial flow-control equipment, focusing on actuators that regulate the flow of liquids, gases, and powders. These actuators drive valves and other devices to control processes, with products ranging from small manual gearboxes to large, high-spec units for demanding and hazardous environments. The company differentiates itself through its specialization in actuators and flow-control systems, its global reach, and its track record as a long-standing public company serving critical industries such as oil and gas, water, and power, with growing interest in the renewables sector. Its goal is to remain a leading supplier of actuator-based flow-control solutions across traditional energy and water sectors while expanding offerings in renewable energy to support sustainable resource management.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Bath, United Kingdom

Founded

1957

Get referred to Rotork

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • H1 2026 revenue held at £367.2 million while pre-tax profit rose to £71.4 million.
  • CPI sales grew 16% and data-centre demand doubled, lifting full-year outlook.
  • ABB's 2027 takeover at 503 pence locks in premium value and strategic backing.

What critics are saying

  • Oil and gas revenue fell 8.4% in H1 2026 after Middle East disruption.
  • Rotork's acquisition by ABB needs shareholder and court approvals before H1 2027 closing.
  • If ABB approvals fail, Rotork loses its takeover premium and faces continued de-rating.

What makes Rotork unique

  • Rotork owns mission-critical actuator niches across oil, water, power, and process plants.
  • Service reached 24% of sales in H1 2026, strengthening sticky replacement revenue.
  • June 2026 Parameter and August 2026 LBCCS wins prove smart-actuation depth.

Help us improve and share your feedback! Did you find this helpful?

Benefits

  • Hybrid Work Options

Growth & Insights and Company News

6 month growth

19%

1 year growth

19%

2 year growth

19%
AD HOC NEWS
Oct 20th, 2026
Takeover filing lands as Rotork stock trades at EUR 5.93.

Takeover filing lands as Rotork stock trades at EUR 5.93. Published on 10/20/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS Takeover filings continued on October 19, 2026. Rotork stock costs EUR 5.93 on October 20, 2026; first-half revenue was GBP 367.20 million. Takeover process and operating base. * A Wellington disclosure dated October 19, 2026, covered 28,591 Rotork shares at GBP 4.93. * First-half 2026 revenue reached GBP 367.2 million, while earnings per share rose to GBp 7.40. * Rotork stock trades at EUR 5.93 at 1:01 p.m. CEST at Lang & Schwarz on October 20, 2026. Rotork stock (ISIN GB00BVFNZH21) was trading at EUR 5.93 at Lang & Schwarz on October 20, 2026, at 1:01 p.m. CEST. A Form 8.3 disclosure dated October 19, 2026, showed another position update during ABB's proposed takeover of Rotork, according to Business Wire. Discover more Source Pumps Source Actuators Source Materials ABB process keeps filings active. The takeover process was formally documented in Morocco on October 1, 2026. The country's Competition Council described ABB's plan as an exclusive acquisition of Rotork through a public tender offer, with a 10-day period for third-party observations, according to the Morocco Competition Council. The disclosure trail has also included large institutional positions. On October 16, 2026, BlackRock reported interests totaling 8.10 percent of Rotork's ordinary shares, including cash-settled derivatives, in a filing carried by Reuters. What does the operating base show? Rotork's latest reported operating figures give the takeover discussion a measurable starting point. The company said first-half 2026 revenue was GBP 367.2 million, while adjusted operating profit rose 4.1 percent from the prior-year period on its investor page. Rotork also describes a long-term ambition of mid to high single-digit revenue growth and mid 20s adjusted operating margins. Three recent filing points. On August 4, 2026, Rotork reported quarterly earnings per share of GBp 7.40, according to MarketBeat. On October 1, the Morocco filing described the proposed exclusive takeover and its 10-day consultation period. On October 19, Wellington disclosed a sale of 28,591 Rotork shares at GBP 4.93, according to Reuters. Stock remains tied to deal progress. The current quotation places the market discussion firmly around the takeover process, while the first-half revenue figure provides an operating reference. Rotork's market capitalization was GBP 4.01 billion as of October 18, 2026, and its primary listing is on the London Stock Exchange. Rotork stock facts. * Company: Rotork plc * ISIN: GB00BVFNZH21 * Ticker: ROR * Primary exchange: London Stock Exchange * Price Lang & Schwarz (as of October 20, 2026, 1:01 p.m. CEST): EUR 5.93 * Market capitalization: GBP 4.01 billion (as of October 18, 2026) * Sector / Industry: Industrials / Industrial Machinery * Index membership: FTSE 100 Discover more Source Suppliers Invest in Stocks Sponsored Ad Rotork stock: new analysis - 23 October. Fresh Rotork information released. What's the impact for investors? Our latest independent report examines recent figures and market trends. Disclaimer regarding our articles: This is not investment advice, nor is it a recommendation to buy or sell. Information regarding prices, companies, and markets is provided without guarantee; changes may occur at any time. Stock market transactions can result in significant losses. Our articles are created and reviewed, in whole or in part, automatically with the assistance of AI. en | GB00BVFNZH21 | ROTORK | boerse | 70372436 | bgmi

Engineer Live
Aug 10th, 2026
United Infrastructure and Rotork produce first batch of IQ3 Pro intelligent electric actuators.

United Infrastructure and Rotork produce first batch of IQ3 Pro intelligent electric actuators. Published: 10 August 2026 Sustainable infrastructure specialists United Infrastructure and flow control solutions expert Rotork celebrated the completion of the first batch of IQ3 Pro intelligent electric actuators rolling off the production line for deployment on Liverpool Bay CCS Limited's (LBCCS) CO[2] Transportation and Storage (T&S) project. The work marks significant step in United Infrastructure's decarbonisation programme. The milestone was celebrated during a visit to Rotork's manufacturing facility in Bath by project partners and stakeholders showcasing how UK manufacturing, engineering excellence and collaboration are supporting the delivery of critical infrastructure that will support net zero ambitions. United Infrastructure is delivering critical elements of the Liverpool Bay CO[2] Transportation and Storage (T&S) project, on behalf of LBCCS. Rotork is supporting this nationally significant infrastructure through the design and manufacture of its IQ3 Pro electric actuators in Bath, ensuring the safe and efficient operation of the CO[2] transportation network that will transport captured carbon dioxide for permanent offshore storage beneath Liverpool Bay. Manufactured in the UK by a highly skilled British workforce, the actuators represent far more than a production milestone. They demonstrate the strength of the UK's engineering and manufacturing sector, supporting domestic supply chains, creating high-value employment, investing in apprenticeships and developing the next generation of engineering talent. The Liverpool Bay CO[2] Transportation and Storage (T&S) project forms the backbone of HyNet, one of the UK's first low-carbon industrial clusters. Once operational, it will enable carbon emissions from industries across the North West of England and North Wales to be safely transported and permanently stored, helping decarbonise some of the country's most energy-intensive industries while supporting economic growth, inward investment and industrial competitiveness. United Infrastructure and LBCCS were joined by other trade partners, including valve supplier LFF Valvenco and the trade association Energies Industry Council (EIC), who met the teams at Rotork responsible for designing and producing the IQ3 Pro actuators. Guests viewed the first units being prepared for the Liverpool Bay project before discussing the next phase of delivery. Griff Thomas, United Infrastructure's Executive Director of Energy Transition and External Affairs said: "I'm delighted to see the first actuators come off the production line for the Liverpool Bay CO2 Transportation and Storage project. At United Infrastructure, we are committed to investing in a UK workforce, and not just with our own staff, but wherever we can, we will try to source UK-manufactured parts and components so that we can ensure the next generation of the much-needed, highly skilled workforce is available in the UK for the infrastructure revolution that we are going through." Ross Pascoe, chief technology officer at Rotork, commented: "It's fantastic to celebrate this manufacturing milestone alongside our customers and project partners. Seeing products designed and manufactured by our teams in the UK being deployed on a project of this significance is a real source of pride. The Liverpool Bay CO[2] Transportation and Storage project demonstrates how collaboration, engineering expertise and manufacturing excellence can come together to support the infrastructure needed for a lower-carbon future and the UK's net zero ambitions." Bath MP Wera Hobhouse said: "Congratulations to Rotork on this significant milestone. Rotork is part of the crown jewels of Bath business, and I am absolutely delighted to celebrate their continued success. Their investment in local manufacturing capability, engineering excellence and skills development, alongside supporting high-value jobs, apprenticeships and early careers opportunities in its city, makes me incredibly proud. "On a national level, their design and manufacturing work within the CO[2] transportation network is not only a vital contribution to the infrastructure's safe and efficient operation, but also to the UK's critical decarbonisation and net zero aspirations. I applaud their commitment and vision, and that of their partners United Infrastructure and Liverpool Bay CCS Limited." As the Liverpool Bay CO[2] Transportation and Storage (T&S) project progresses, the collaboration between LBCCS, United Infrastructure and Rotork demonstrates how investment in UK infrastructure is creating opportunities far beyond individual projects. From supporting British manufacturing and engineering excellence to creating skilled employment and developing future talent, the project is helping build the industrial capability required to deliver a lower-carbon economy. The UK-manufactured IQ3 Pro actuators rolling off the production line represent an important milestone - not only for the Liverpool Bay CO[2] Transportation and Storage (T&S) project and the wider HyNet programme, but for the UK supply chain that will underpin the country's transition to net zero.

BDC Magazine
Aug 7th, 2026
Made in UK: United Infrastructure and Rotork mark major manufacturing milestone with highly skilled British workforce.

Made in UK: United Infrastructure and Rotork mark major manufacturing milestone with highly skilled British workforce. United Infrastructure's CO[2] Transportation and Storage (T&S) project in Liverpool Bay marks significant step in this decarbonisation programme. United Infrastructure and Rotork celebrated the completion of the first batch of IQ3 Pro intelligent electric actuators rolling off the production line for deployment on Liverpool Bay CCS Limited's (LBCCS) CO[2] Transportation and Storage (T&S) project, a critical component for the project. The milestone was celebrated during a visit to Rotork's manufacturing facility in Bath by project partners and stakeholders showcasing how UK manufacturing, engineering excellence and collaboration are supporting the delivery of critical infrastructure that will support net zero ambitions. United Infrastructure is delivering critical elements of the Liverpool Bay CO[2] Transportation and Storage (T&S) project, on behalf of LBCCS. Rotork is supporting this nationally significant infrastructure through the design and manufacture of its IQ3 Pro electric actuators in Bath, ensuring the safe and efficient operation of the CO[2] transportation network that will transport captured carbon dioxide for permanent offshore storage beneath Liverpool Bay. Manufactured in the UK by a highly skilled British workforce, the actuators represent far more than a production milestone. They demonstrate the strength of the UK's engineering and manufacturing sector, supporting domestic supply chains, creating high-value employment, investing in apprenticeships and developing the next generation of engineering talent. The Liverpool Bay CO[2] Transportation and Storage (T&S) project forms the backbone of HyNet, one of the UK's first low-carbon industrial clusters. Once operational, it will enable carbon emissions from industries across the North West of England and North Wales to be safely transported and permanently stored, helping decarbonise some of the country's most energy-intensive industries while supporting economic growth, inward investment and industrial competitiveness. United Infrastructure and LBCCS were joined by other trade partners, including valve supplier LFF Valvenco and the trade association Energies Industry Council (EIC), who met the teams at Rotork responsible for designing and producing the IQ3 Pro actuators. Guests viewed the first units being prepared for the Liverpool Bay project before discussing the next phase of delivery. Griff Thomas, United Infrastructure's Executive Director of Energy Transition and External Affairs said: "I'm delighted to see the first actuators come off the production line for the Liverpool Bay CO2 Transportation and Storage project. At United Infrastructure, we are committed to investing in a UK workforce, and not just with our own staff, but wherever we can, we will try to source UK-manufactured parts and components so that we can ensure the next generation of the much-needed, highly skilled workforce is available in the UK for the infrastructure revolution that we are going through." Ross Pascoe, Chief Technology Officer at Rotork, commented: "It's fantastic to celebrate this manufacturing milestone alongside our customers and project partners. Seeing products designed and manufactured by our teams in the UK being deployed on a project of this significance is a real source of pride. The Liverpool Bay CO[2] Transportation and Storage project demonstrates how collaboration, engineering expertise and manufacturing excellence can come together to support the infrastructure needed for a lower-carbon future and the UK's net zero ambitions." Bath MP Wera Hobhouse said: "Congratulations to Rotork on this significant milestone. Rotork is part of the crown jewels of Bath business, and I am absolutely delighted to celebrate their continued success. Their investment in local manufacturing capability, engineering excellence and skills development, alongside supporting high-value jobs, apprenticeships and early careers opportunities in our city, makes me incredibly proud. "On a national level, their design and manufacturing work within the CO[2] transportation network is not only a vital contribution to the infrastructure's safe and efficient operation, but also to the UK's critical decarbonisation and net zero aspirations. I applaud their commitment and vision, and that of their partners United Infrastructure and Liverpool Bay CCS Limited." As the Liverpool Bay CO[2] Transportation and Storage (T&S) project progresses, the collaboration between LBCCS, United Infrastructure and Rotork demonstrates how investment in UK infrastructure is creating opportunities far beyond individual projects. From supporting British manufacturing and engineering excellence to creating skilled employment and developing future talent, the project is helping build the industrial capability required to deliver a lower-carbon economy. The UK-manufactured IQ3 Pro actuators rolling off the production line represent an important milestone -not only for the Liverpool Bay CO[2] Transportation and Storage (T&S) project and the wider HyNet programme, but for the UK supply chain that will underpin the country's transition to net zero.

Insider Media
Aug 4th, 2026
3,500-strong flow control and instrumentation group posts "robust" interim results amid proposed £4.14bn buyout.

3,500-strong flow control and instrumentation group posts "robust" interim results amid proposed £4.14bn buyout. 4 Aug 2026, 07:57 A South West-headquartered provider of mission-critical flow control and instrumentation systems, which is set to be acquired by global electrical engineering group ABB after a £4.14bn deal was agreed, has hailed a "robust" first half performance. Subject to shareholder and court approval, the acquisition is expected to complete in H1 2027. In its interim results for the six months ended 30 June 2026, Rotork reported revenue of £367.2m which is unchanged from the previous year. Pre-tax profit was £71.4m, up from £65.1m in 2025. Kiet Huynh, chief executive, said: "Rotork delivered a robust first half performance, demonstrating the strength of our portfolio and the continued benefits of the Growth+ strategy. I would like to thank all my colleagues for their hard work and dedication in driving continued progress across the group. "Strong growth in Chemical, Process & Industrial (CPI) and Water & Power helped offset the impact of the Middle East conflict and ongoing customer capex discipline in Oil & Gas. Group profitability continued to improve and ROCE remained at a high level despite the mixed operating environment. "This performance reflects our greater exposure to faster growing Target Segments, our mission-critical product positions, asset-light business model and growth of Service in our revenue mix. We continued to deploy capital in line with our disciplined allocation framework, investing organically to support future growth while returning a further £40m to shareholders through share buybacks." He added: "Looking ahead, we continue to expect further progress on an OCC basis for the group in 2026. Our expectations for Water & Power remain unchanged, with strong order momentum expected to underpin performance in H2. While recovery in Oil & Gas is now expected to be more gradual, with full year divisional revenue expected to be slightly lower year-on-year, we now anticipate stronger growth in CPI. "We remain focused on attractive end markets supported by structural tailwinds including automation, electrification and digitalisation. Combined with the benefits of our Growth+ strategy, this gives us confidence in our ability to deliver mid to high single-digit revenue growth and adjusted operating profit margins in the mid-twenties over time."

MarketBeat
Aug 4th, 2026
Rotork H1 earnings call highlights.

Rotork H1 earnings call highlights. August 4, 2026 Key points. * Rotork delivered resilient first-half results: Organic constant-currency revenue rose 1.3% to £367 million, while adjusted operating profit increased 4.1% to £82 million and the margin expanded to 22.4%, despite oil and gas disruption. * CPI and service operations drove growth. CPI revenue increased 16%, supported by specialty chemicals, marine, critical HVAC and data-center demand, while Service grew its share of group sales to 24%. Rotork raised its full-year CPI outlook. * ABB's proposed acquisition remains on track: The £5.06-per-share cash offer represents a 73% premium to Rotork's undisturbed share price, with completion expected in the first half of 2027 subject to approvals. Rotork maintained its overall 2026 outlook and raised its interim dividend 1.7%. * Interested in Rotork? Here are five stocks we like better. Rotork LON: ROR reported first-half growth in revenue and operating margin despite disruptions in oil and gas markets, with strength in its CPI division, water infrastructure and service operations helping offset weaker energy-related activity. The company said orders received totaled £372 million, down 4% from the prior-year period, while revenue rose 1.3% on an organic constant-currency basis to £367 million. Reported revenue was flat, reflecting the impact of disposals and a modest foreign-exchange headwind. Adjusted operating profit increased 4.1% to £82 million. Adjusted operating margin reached 22.4%, up 40 basis points on a reported basis and 60 basis points excluding currency and merger-and-acquisition effects. Rotork attributed the improvement to operating leverage, cost discipline and a favorable sales mix. "Growth+ strategy continued to underpin strong financial performance in the first half of the year," CFO Ben Peacock said, citing margin expansion, a 37% return on capital and shareholder distributions. CPI and service drive growth. CPI was the company's strongest division, reporting 16% revenue growth and a 24.4% increase in adjusted operating profit to £28 million. Its adjusted operating margin rose 170 basis points to 24.7%, primarily due to higher volumes. Management said growth in CPI was driven by target segments including specialty chemicals, marine and critical HVAC. Demand from data centers was particularly strong in the U.S. and Asia. During the question-and-answer session, Rotork said critical HVAC revenue doubled in the first half and now represents about 6% of group revenue. Data-center business within critical HVAC also doubled, although management said critical HVAC growth excluding data centers was also close to doubling. Management said data-center activity exceeded its earlier expectations, contributing to the company's improved full-year outlook for CPI. The company cited products and capabilities acquired through Hanbay and Noah as important contributors to growth in liquid-cooling and server-room applications. Rotork Service continued to outgrow the wider group, increasing its share of group sales to 24% from 23% a year earlier. The business has been expanding its field and reliability service offerings, which management said can help customers improve asset performance while providing Rotork with recurring revenue opportunities. Oil and gas disruption offsets other gains. Oil and gas divisional sales declined 8.4% in the first half, largely due to the impact of conflict in the Middle East. Adjusted operating profit in the division fell 13.8% to £37 million as lower volumes affected profitability, though disciplined cost management partially mitigated the decline. Discover more MarketBeat Research Tools Cryptocurrency News Rotork said activity softened in upstream and midstream markets as customers maintained capital discipline and as spending patterns and supply chains were disrupted. Downstream markets were comparatively stable, helped by the division's service exposure. Sales in the Americas grew, driven by downstream activity and performance across Latin America. However, EMEA declined due to Middle East-related disruption, while Asia-Pacific experienced a modest decline in downstream business as India and China faced feedstock shortages. Management said liquefied natural gas remained a strong area for the division. It also said order trends improved through the second quarter, with three-month rolling orders rising month by month from April through June. Rotork expects a gradual recovery in the second half, but now anticipates full-year oil and gas revenue will be slightly lower than the prior year. Water, power and cash flow. Water and power revenue increased 3.4%, supported by water infrastructure and treatment projects. Adjusted operating profit rose 15.1% to £28 million, while adjusted operating margin increased to 28.1%, aided by operating leverage, product mix and tariff effects. The company said order intake in water and power remained robust, providing visibility for stronger activity in the second half. Power revenue was lower because of a higher prior-year comparison and expected project phasing, although Rotork said gas-related power and alternative-energy markets showed growth. Cash conversion was 79%, affected by temporary working-capital pressure from oil and gas market volatility. Rotork generated £22 million of free cash flow and spent £7.3 million on research and development. The company ended the period with net cash of £25 million after returning £44 million through dividends and £40 million through share buybacks. The interim dividend was increased 1.7% to £0.03 per share. ABB offer and outlook. Rotork also reiterated the terms of ABB's proposed cash acquisition of the company, announced July 16. The offer values Rotork at £5.06 per share, comprising £5.03 in cash plus the declared £0.03 interim dividend. The company said the offer represents approximately 19.5 times enterprise value to adjusted EBITDA and a 73% premium to the undisturbed share price on July 15. The scheme document is expected within 28 days of the original announcement, with completion anticipated in the first half of 2027, subject to regulatory approvals. Management said operations remain business as usual until the transaction is completed. For 2026, Rotork maintained its group outlook and expects further progress on an organic constant-currency basis. It raised its expectations for CPI, while leaving its water and power outlook unchanged. Over time, the company said it remains focused on delivering mid- to high-single-digit revenue growth and adjusted operating margins in the mid-20% range. About Rotork (LON:ROR). Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange symbol: ROR and are a constituent of the FTSE 250 index. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Rotork, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rotork wasn't on the list. While Rotork currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.