Tag: Kansas City

BOSTON, Massachusetts – Antin Infrastructure Partners has, today, finalized its purchase of Veolia North America’s district energy assets in the United States. Now officially named Vicinity Energy, the district energy business is comprised of steam, hot and chilled water and electricity production plants, including cogeneration, across 13 networks in 10 major cities. As its first big energy acquisition in the U.S., Antin, a global infrastructure fund, has expanded its presence in the district energy market to own the largest platform in North America.

With over 50+ years in the district energy business, Vicinity Energy may have a new name and brand, but its current leadership team and experienced engineers, operators and energy experts will largely remain the same as part of the terms of the sale. With the financial backing of Antin, Vicinity is poised for growth while continuing to deliver upon its commitment to customers: to safely meet their mission-critical energy needs by providing cutting-edge technical expertise, dedicated personal service, infrastructure and investments so they’re able to focus resources and capital on achieving their core business objectives.

“In a carbon-neutral future, growth will be determined by the kinds of energy partners whose expertise can enable local governments, companies and institutions alike to meet their sustainability goals, while also ensuring the vitality and resilience of energy infrastructure in a savvy and customized way,” said William DiCroce, president and chief executive officer of Vicinity Energy. “Through our employees’ unmatched engineering, operations and technological expertise, Vicinity will continue to advance sophisticated technologies and energy services that meet our customers’ needs in today’s rapidly evolving energy landscape, while ensuring that they have the reliable, cost-effective, resilient and environmentally responsible energy they need to thrive.”

About Vicinity Energy

Vicinity Energy is a clean energy company that owns and operates an extensive portfolio of district energy systems across the United States. Vicinity produces and distributes reliable, clean steam, hot water, and chilled water to over 230 million square feet of building space nationwide. Vicinity continuously invests in its infrastructure and the latest technologies to accelerate the decarbonization of commercial and institutional buildings in city centers. Vicinity is committed to achieving net zero carbon across its portfolio by 2050. To learn more, visit https://www.vicinityenergy.us or follow us on LinkedIn, Twitter, Instagram, or Facebook.

Media Contact

Vicinity Energy
Sara DeMille
Marketing and Communications
857-955-5073
sara.demille@vicinityenergy.us

 

BOSTON, Massachusetts – Antin Infrastructure Partners, a global infrastructure fund, recently announced the creation of a new brand, Vicinity Energy, following its purchase of Veolia North America’s district energy assets in the United States. The newly launched Vicinity Energy is comprised of central energy plants and associated distribution networks that supply steam or hot water, chilled water and electricity, across 13 networks in 10 major cities. It is the largest district energy provider in North America.

Headquartered in Boston, Vicinity Energy currently supplies energy and related services to in excess of 200 million square feet of building space with its largest networks located in downtown Philadelphia, Boston, Baltimore and Kansas City. Supplied by over 400 megawatts (MW) of combined heat and power (CHP) production, Vicinity is a greener alternative to conventional heating/cooling/electricity supply and its plants are the most efficient large generators on their respective power grids. With over 50 years in the district energy business, the company’s leadership team – and experienced engineers, operators and energy experts – has remained intact as part of the terms of the sale. These 450+ employees will continue to serve their client’s mission-critical energy needs.

Sectors such as life science and biomed are embracing district energy technology due to its resiliency and reliability. For medical centers and hospitals, district energy supplied heating, cooling, humidification and equipment sterilization are crucial to patient clinical and surgical care. Commercial property owners can transfer their energy risks while recapturing valuable amenity space such as parking and rooftops. Developers can expect expedited permitting with a low carbon solution that requires no onsite combustion.

“With Antin’s strong financial backing and planned infrastructure investments, Vicinity has the opportunity to leverage its veteran expertise and apply it to the growth and advancement of district energy systems across the U.S.,” said William DiCroce, president and chief executive officer of Vicinity Energy. “Today’s energy landscape is evolving rapidly, which is why property owners, developers, and major institutions alike are increasingly gravitating toward this established technology, recognizing it as a green, cost competitive and super-reliable energy option. Cities also recognize the important role we play in reducing the carbon footprint of their environs.”

The completion of this deal, which was announced in July and closed on December 30th of last year, represents Antin’s first big energy acquisition in North America. The infrastructure investment firm’s financial backing, coupled with Vicinity’s experienced team, poises the company for accelerated growth of its environmentally friendly products and services.

About Vicinity Energy

Vicinity Energy is a clean energy company that owns and operates an extensive portfolio of district energy systems across the United States. Vicinity produces and distributes reliable, clean steam, hot water, and chilled water to over 230 million square feet of building space nationwide. Vicinity continuously invests in its infrastructure and the latest technologies to accelerate the decarbonization of commercial and institutional buildings in city centers. Vicinity is committed to achieving net zero carbon across its portfolio by 2050. To learn more, visit https://www.vicinityenergy.us or follow us on LinkedIn, Twitter, Instagram, or Facebook.

Media Contact
Sara DeMille
Marketing and Communications
857-955-5073
sara.demille@vicinityenergy.us