It launched at the beginning of 2020 on Antin's purchase of Veolia's U.S. district energy assets in 11 cities for $1.25 billion, and has acquired further systems since.
[14] The company became the first in the U.S. to electrify its operations, offering renewable thermal energy by installing electric boilers, industrial-scale heat pumps, and thermal storage at its central facilities starting in Boston and Cambridge, with its other facilities around the country to follow.
Vicinity plans to install an industrial-scale heat pump complex at its Cambridge facility, and once installed, it will be powered by renewable electricity to harvest energy from the Charles River safely and efficiently, returning it to a lower temperature so as not to harm the river’s environment.
[18] In November 2023, Vicinity announced the arrival of a 42MW industrial-scale electric boiler[19] at the Kendall Square facility in Cambridge.
After passing a factory acceptance test, the boiler was delivered to our Kendall facility to be prepared for installation.