We knew it was time to check the market on interest from infrastructure funds. The ability to build our platform was restricted a bit, which impacted our ability to expand. POWER: What precipitated the deal with Antin?ĭiCroce: “If you looked at water, waste, energy business, and if you looked at our district energy, they all involved infrastructure that requires funding, and we were looking at that as we were out there looking at other ways to grow the business. We look at a company’s strategy, where they are, where they’ve been, where they’re going.” Veolia is the world’s largest environmental services company, working with industries including water, energy, and waste. POWER: What is your background in district energy?ĭiCroce: “I ran Veolia’s North American activities. Cities also recognize the important role we play in reducing the carbon footprint of their environs.” DiCroce touted Vicinity’s effort to be a greener alternative to conventional heating, cooling, and electricity service, and highlighted how the company’s leadership team has more than 50 years in the district energy business. District energy is supplying heating, cooling, humidification, and power for equipment sterilization, and DiCroce noted how commercial property owners can transfer their energy risks while recapturing valuable amenity space such as parking and rooftops in their buildings-all without onsite combustion.ĭiCroce noted that “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. Bill DiCroce, president and CEO of Vicinity Energyīill DiCroce, president and CEO of Vicinity Energy, recently talked with POWER about how sectors such as life science and biomedicine are embracing district energy technology due to its resiliency and reliability.
Vicinity today has more than 400 MW of combined heat and power (CHP) electricity production, providing service to more than 200 million square feet of building space. The company is supplying energy and related services across 13 networks in 10 major cities, including large networks in Boston Philadelphia, Pennsylvania Baltimore, Maryland and Kansas City, Missouri. Vicinity, headquartered in Boston, Massachusetts, immediately became North America’s largest provider of district energy. 19-21 in Chicago, Illinois.Īmong the newest district energy providers-at least in name-is Vicinity Energy, a company recently launched by Antin Infrastructure Partners after Antin’s purchase of Veolia North America’s district energy assets in the U.S. District energy is among several focus areas for POWER’s Distributed Energy Conference, which this year is scheduled for Oct. The rise of distributed, or decentralized, power generation has been supported by district energy, the generation from facilities and associated distribution networks supplying steam or hot water, chilled water, and electricity for heating and cooling to millions of square feet of building space across the U.S.
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