Antin Infrastructure Partners creates new Vicinity Energy
Antin Infrastructure Partners has created a new brand called Vicinity Energy, a district energy provider.
Vicinity Energy was created from Antin’s purchase of Veolia North America’s district energy assets in the United States. The company 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.
“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.,” William DiCroce, president and chief executive officer of Vicinity Energy, said. “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.”
Vicinity Energy currently supplies energy and related services to more than 200 million square feet of building space in Philadelphia, Boston, Baltimore, and Kansas City. The Boston-based company supplies over 400 megawatts (MW) of combined heat and power (CHP) production.
The completion of this deal, which closed on Dec. 30, 2019, represents Antin’s first big energy acquisition in North America. Antin is a global infrastructure investment firm.
