Dive Brief:
- Veolia North America, an energy supplier, and Wheelabrator Technologies, a waste-to-energy company and a subsidiary of Waste Management, have renewed a contract for the steam produced by Wheelabrator's facility in Baltimore, Maryland. The companies have worked together for 28 years.
- Wheelabrator supplies almost half of all the steam Veolia delivers through its district energy system in Baltimore, transporting steam, hot water and cold water to customers.
- Wheelabrator generates the steam (a.k.a. "Green Steam") at its waste-to-energy plant in Baltimore. It processes 2,250 tons daily of post-recycled residual municipal solid waste, which can power about 68,000 homes and businesses.
Dive Insight:
Bill DiCroce, VP and COO of Veolia Environnement North America's Municipal and Commercial Business, said, "Green Steam… when delivered via our energy network is an extremely efficient solution that will provide significant economic and environmental benefits to Baltimore businesses and residences for many years to come."
Veolia recently announced its 2013 annual results, and although it reported a drop in revenue, its stock rose in part due to Veolia's board deciding to keep CEO Antoine Frerot instead of replacing him.
