Vicinity Energy is the largest
district energy provider in the United States. Headquartered in
Boston
Boston (), officially the City of Boston, is the capital city, state capital and List of municipalities in Massachusetts, most populous city of the Commonwealth (U.S. state), Commonwealth of Massachusetts, as well as the cultural and financ ...
, it is a subsidiary of
Antin Infrastructure Partners
Antin Infrastructure Partners is a private equity firm focused on infrastructure investment, with offices in Paris, London and Luxembourg.
History
Antin was founded in Paris in 2007. Initially sponsored by BNP Paribas, the firm bought out the bank ...
. It launched at the beginning of 2020 on Antin's purchase of
Veolia
Veolia Environnement S.A., branded as Veolia, is a French transnational company with activities in three main service and utility areas traditionally managed by public authorities – water management, waste management and energy services. It p ...
's U.S. 18 district energy assets in 11 cities for $1.25 billion, and has acquired further systems since.
Assets acquired from Veolia include:
* The 163MW natural-gas Grays Ferry co-generation plant in Philadelphia serving over 400 buildings, including
Walnut Street Theatre
The Walnut Street Theatre, founded in 1809 at 825 Walnut Street, on the corner of S. 9th Street in the Washington Square West neighborhood of Philadelphia, is the oldest operating theatre in the United States. The venue is operated by the Walnut ...
* The district energy plant in Tulsa, Oklahoma serving 27 buildings in Downtown Tulsa.
* The 232MW natural-gas
Kendall Cogeneration Station serving Boston and Cambridge with over 65 million square feet of buildings among over 230 customers
* The 5MW Hickory Meadows landfill-gas-to-energy facility in Hilbert, Wisconsin
* Natural-gas cogeneration plant in
Kansas City, Missouri to over 4 million square feet of buildings
* Natural-gas cogeneration plant in Grand Rapids to over 100 buildings
* Three networks in Baltimore to over 30 million square feet of buildings, including
Walters Art Museum
The Walters Art Museum, located in Mount Vernon-Belvedere, Baltimore, Maryland, United States, is a public art museum founded and opened in 1934. It holds collections established during the mid-19th century. The museum's collection was amassed ...
and
Mercy Medical Center
Later acquisitions:
*
Watergate complex
The Watergate complex is a group of six buildings in the Foggy Bottom neighborhood of Washington, D.C., in the United States. Covering a total of 10 acres (4 ha) just north of the John F. Kennedy Center for the Performing Arts, the buildings incl ...
's Watergate Energy Collaborative Utility, acquired June 17, 2020
*
West Virginia University
West Virginia University (WVU) is a public land-grant research university with its main campus in Morgantown, West Virginia. Its other campuses are those of the West Virginia University Institute of Technology in Beckley, Potomac State Coll ...
's
natural gas
Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon ...
-powered steam system, acquired July 6, 2020
In April 2022,
The Boston Globe
''The Boston Globe'' is an American daily newspaper founded and based in Boston, Massachusetts. The newspaper has won a total of 27 Pulitzer Prizes, and has a total circulation of close to 300,000 print and digital subscribers. ''The Boston Glob ...
reported Vicinity was launching eSteam, a first-of-its-kind innovation in the United States designed to rapidly decarbonize the highest source of emissions in commercial buildings. The company became the first in the U.S. to electrify its operations, offering renewable thermal energy by installing electric boilers, industrial-scale heat pumps, and thermal storage at its central facilities starting in Boston and Cambridge.
Officers
*
William DiCroce, president and CEO
*
Matt O'Malley
Matthew Joseph O'Malley is an American politician and businessman who served as president of the Boston City Council in 2021. He was elected as the District 6 representative in a special election on November 16, 2010, and was re-elected in 201 ...
, chief sustainability officer
References
American companies established in 2020
Electric power companies of the United States
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