Vicinity Blog
Summary
Life science companies nationwide are dedicated to cutting-edge research and developing critical innovations and medications. This type of mission-critical work requires reliable energy 24/7, and compared to similarly sized commercial office space, lab facilities require 10 times more energy.
Because of their energy-intensive needs, many life sciences companies have established sustainability goals for eliminating greenhouse gas emissions and protecting the planet. According to McKinsey research, the number of life science companies that have established carbon emission reduction goals increased by nearly 100 from 2019 to 2022. Additionally, many leading U.S. cities with booming life science markets also have aggressive climate action goals, making low-carbon sustainable energy a non-negotiable requirement.
Because of its high demand for energy and ambitious sustainability targets, the life sciences industry has a long history of leveraging green and reliable district energy for sterilization, humidity control, and building heating and cooling. As these companies expand in major U.S. cities close to Vicinity’s district energy systems, like in Philadelphia, Boston, and Baltimore, they can better meet their high energy needs and gain access to the right talent pool.
Vicinity currently provides steam to 33 life science facilities, totaling nearly 27 million square feet of building space. From supporting The Curtis’ office space to lab conversion in Philadelphia and providing carbon-free eSteamTM to IQHQ’s Fenway neighborhood district developments in Boston, district energy enables life science companies to excel as leaders in research and sustainability.
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