Veolia
Summary
Veolia, a leading global integrated provider of environmental services, today announced that it has completed the acquisition of Icetec, a Pennsylvania-based digital and distributed energy management company with more than 20 years of experience in generating quantified energy savings and operational improvement for customers.
The tuck-in acquisition will complement Veolia’s existing North American energy service offerings and bring additional functionality to the company’s Hubgrade digital platform. In the context of increased volatility in the electricity market and stress on the power grids, Icetec customers will benefit from the broad services Veolia can provide to further increase their environmental performance.
The move is part of the company’s GreenUp strategy, which aims to double its revenue in the United States and Canada by 2030, with a focus on decarbonization, resource regeneration, and depollution. The acquisition reinforces Veolia’s commitment to improving energy efficiency, decarbonizing industry, and promoting a sustainable global energy system.
The Icetec team, based in Boothwyn, PA., will bring both their software and expertise in site and asset optimization to Veolia’s Sustainable Industries and Buildings business. Icetec’s fully integrated management platform enables leading institutions to optimize their distributed energy assets, both operationally and financially, by accessing wholesale energy markets. Icetec also brings a portfolio of marquee clients in the higher education, healthcare, commercial and industrial sectors.
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