What progress have you made in achieving your net zero carbon emissions target to date?

Vicinity is actively greening our operations. We are investing tens of millions in major efficiency projects at our facilities. We are purchasing renewable and carbon-free electricity to power our equipment and have incorporated biogenic fuels into our operations in Philadelphia, Boston, and Cambridge. Currently, we are installing our first electric boilers, located in Cambridge, MA, and we will purchase renewable energy to power the boilers and deliver carbon-free steam, known as eSteamTM, as part of this plan. We have also signed an agreement with a German-based company called MAN Energy to purchase and install industrialscale heat pumps and thermal battery storage.

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