Vicinity Energy Acquires District Energy System Serving West Virginia University in Morgantown, WV

By District Energy posted 07-09-2020 10:03

  

Yahoo! Finance

Summary

Vicinity Energy announced today that it has acquired Morgantown Energy Associates, the district energy system serving West Virginia University (WVU) in Morgantown, West Virginia, from an investment affiliate of Starwood Energy Group Global, L.L.C.  This system provides steam to the Big 12 University's more than 60 buildings located throughout five campuses. Morgantown is now the 12th city served by Vicinity and brings its portfolio to a total of 19 district energy networks.

Located on the banks of the Monongahela River, the system was constructed and began servicing WVU in 1992, historically burning coal as its primary fuel supply to distribute steam through a 2.25 mile underground distribution system. Vicinity ceased coal operations in June and will primarily burn natural gas to meet the heating, cooling, domestic hot water and sterilization needs of the University and Medical Center's footprint of 9.8 million square feet, eliminating approximately 50 percent of the steam system's carbon footprint. Also, it will further improve air quality for WVU by significantly reducing other air pollutants and removing 4,800 truckloads of coal from the roads every year.

"We are proud to serve an elite institution like WVU and bring Vicinity's expertise in delivering highly reliable and sustainable district energy services to the University," said Bill DiCroce, president and chief executive officer of Vicinity Energy.  "We are also excited by the opportunity to dramatically improve the environmental footprint of the system and improve local air quality for the University. Our dedication and focus to deliver mission critical district energy services to academic and healthcare customers allow us to be a strategic partner for WVU's critical energy needs and energy efficiency goals."

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