Yahoo! News
Summary
The recent $165 million acquisition between Cordia Energy and Essential Utilities in Pennsylvania’s Alleghany Energy showcases energy no longer being a “hidden in the background” industry and the need for Black leadership at the forefront, a spokesperson tells BLACK ENTERPRISE.
Cordia’s acquisition of district energy and microgrid assets will expand the company’s footprint in localized energy systems serving both institutional and commercial customers. The move comes as cities and college and company campuses are working to modernize aging infrastructure, driven by demand for flexible, community-scale energy solutions. It comes with the idea of more Black leaders in the field, highlighting the industry as scalable.
The acquisition was led by Wayne Barnett, head of corporate and external affairs at Cordia, who oversees government affairs strategy, external stakeholder engagement, and regulatory alignment.
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