Trigen's Name Change to Veolia Energy Reflects Company's Broad Range of Energy Efficient Solutions
02/17/11 • Energy
BOSTON, February 17, 2011- Veolia Energy North America, a leading operator and developer of energy efficient solutions, announced the completion of the transition of the Trigen brand name to the Veolia Energy name across the Continental U.S. Veolia Energy owns and operates the largest portfolio of district energy (heating, cooling and cogeneration) networks in the U.S. market.
Residents of Atlanta, Baltimore, Boston, Kansas City, Las Vegas, Los Angeles, Oklahoma City, Philadelphia, Trenton, and Tulsa will now see the Veolia Energy brand name and logo on energy plants, company vehicles, and the hundreds of personnel that maintain the steam and chilled water distribution networks in the streets, manholes, and facilities of the central business districts. More importantly, the transition to the Veolia Energy name is a signal to the marketplace that the company provides a wide range of solutions beyond steam, hot water and chilled water to help clients control costs, decrease fossil fuel consumption, extend the useful life of equipment, optimize energy consumption and energy efficiency, and mitigate operating risks.
"The Trigen brand name has symbolized leadership in district heating and cooling for nearly thirty years, while the Veolia brand name is synonymous with creative solutions to improve our environment," said Stewart A. Wood, president and CEO of Veolia Energy North America." For the past three years, we have increasingly introduced the Veolia Energy name into our Trigen operations. We are pleased to have completed this transition period, and we look forward to deepening our existing partnerships with customers, as well as to forming new relationships with those who are in need of energy efficient solutions."
Veolia Energy develops custom energy solutions that typically encompass the following:
- District Energy - The production and distribution of thermal energy (steam, hot water, and/or chilled water). The energy is produced at a central plant and is then distributed to the community through an underground piping network, thereby allowing buildings to forego the installation of on-site equipment.
- Cogeneration / Combined Heat and Power (CHP) - With conventional power generation, the majority of fuel is exhausted into the air or water as waste heat, and approximately 25-35 percent of the fuel consumed is converted into useful energy. In contrast, CHP recycles waste heat and converts it to useful thermal energy. The simultaneous production of power and thermal energy consumes far fewer units of fuel than if the two products are produced separately, and can exceed 80 percent efficiency.
- Facility Operations and Management - Operating and maintaining complex energy and infrastructure systems at customer facilities with a life-cycle approach that enhances the economic, technical and environmental performance of the equipment. Equipment can include on-site generation assets, and mechanical refrigeration, HVAC, electrical, life safety, and plumbing systems.
- Energy Management and Advisory Services - Through its subsidiary, SourceOne, Veolia Energy provides a mix of energy services, which are focused upon complex capacity and reliability issues affecting customers. If power is critical to a customer's operations, the SourceOne team can provide strategic recommendations regarding energy use, implement solutions, and assist in controlling costs.
- Renewable Energy - Veolia Energy seeks opportunities to introduce renewable fuels into the energy mix of customers. Renewable fuels (e.g., wood chips) may be used to power CHP plants, thereby further increasing the sustainability of this inherently energy-efficient technology.
Veolia Energy entered the U.S. market in 2005, with the acquisition of a district energy network in Cambridge, Massachusetts. In addition to the acquisition of the Trigen Companies in 2007, Veolia Energy entered the Grand Rapids, Michigan market in 2008, and the Mt. Laurel, New Jersey and Portland, Oregon markets in 2009. The company also expanded its presence in 2010, with the addition of district cooling in Baltimore, and the Medical Area Total Energy Plant (MATEP) in Boston.About Veolia Energy North America
Based in Boston, MA, Veolia Energy North America is a leading U.S. operator and developer of energy efficient solutions.
The company is part of the Veolia Environnement companies in North America, with 30,000 North American employees providing sustainable environmental solutions in water management, waste services, energy management, and passenger transportation.
Veolia Energy's parent company, Veolia Environnement (NYSE: VE and Paris Euronext: VIE), is the global standard for environmental services. With approximately 313,000 employees in 74 countries, Veolia Environnement recorded annual revenues of nearly $50 billion in 2009. Visit the company's Web sites at www.veolianorthamerica.com
Veolia Energy North America - Rowan Sanders