Kenny Young: Yeah. We’re seeing it. The growth is primarily coming from renewable energy, I think we — I believe it’s out on our website, our new investor deck is up — I’m looking out share now here. So on our investors deck which is on the website, you’ll see the revised pipeline on there, that we just put out. But the growth is really coming from the renewables segment and it does include everything I talked about. It also includes solar, we’re seeing a significant amount of solar opportunity. Some of those are in the community solar aspects, some of those are in the small. I would say, sub scaled utility meaning not 500 megawatt kind of projects. But the solar aspect is starting to really grow in the U.S. with, obviously, the preparations that we put out last year, plus some of the incentives.
And its again like you read in the headlines, there’s a lot of international development that’s coming into the U.S. on projects, that are looking at combinations. We’re — in some of those pipeline opportunities we’ve got waste-to-energy or biomass, but they want to supplement that with solar capabilities as well too. So what we talked about originally, our intent to get into solar was more around leveraging the solar industry, but how do we create combinations of these clean power technology solutions of solar and biomass, and solar to waste. Some of it could be a simplistic as solar going in and around the land mass in the area of waste-to-energy standpoint, and we’re in discussions with opportunities around those. Obviously, the concept of additional potentially moving into green steam and seeing those is most important to us and having those conversations and some of that is starting to come into the pipeline, when we talk about our pipeline overall.
But it is all focused in renewable, whether it’s in our oxy combustion biomass, in our solar capabilities or waste energy capabilities. Our BrightLoop capabilities, the pipeline is definitely growing in that regard. Our thermal business has pipeline in their projects out there a lot of those are construction or upgrades and enhancements. And it’s not that those are shrinking, the parts — the thermal business is staying really steady for us. Clearly the pipeline doesn’t include the parts and services piece. So that’s separate business that we always talk about, and we always got to keep that in mind. But it’s — the reason that we’re seeing the expansion is all around the Renewable and Environmental segments. So we’re excited about that.
Rob Brown: Okay. Great. Thank you. And then the thermal parts and services business. I think at one point, there was some deferment of activity. How do you sort of see that market, is there a pent-up demand there? How does that look at this point?
Kenny Young: Yeah. We had a strong Q4 in bookings. And I would say, Q1 is flowing back more traditional like a traditional standpoint. We’ve — as it relates to just the expectations of revenue and EBITDA margin from that sector, we’ve incorporated in our forecast before where things were book-and-bill in 30 days, that’s book-and-bill in 65 to 90 days. But that’s just incorporated in our planning and our flows of costs and revenues going forward, but the demand for that is come back to the, I would say, prior COVID levels at this stage and we’re quite pleased with that. It’s always unique, because we — if you take out this anomaly of a COVID year and anomaly of a supply chain impacts that we had last year and look at the end of ’22 and look in — we look at 2023 that business overall just continues to operate and perform at very solid margins, and we continue to look at how we can expand internationally and we continue to look at how we can expand it by through reverse engineering of competitive technologies, but it’s just a solid state business.
But it’s — I think we’re fairly back on track to where it once was, as it relates to the demand and the orders starting to commence. I don’t know if that’s.
