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

Vicinity is actively upgrading its operations. We are purchasing renewable and carbon-free electricity to supply power to our equipment and have incorporated biogenic fuels into our operations in Philadelphia, Boston, and Cambridge. We are investing tens of millions in major efficiency projects at our facilities. And we have developed and are executing a robust plan to electrify our steam generation. We are currently procuring our first electric boilers for our facility in Cambridge, MA, and we will purchase renewable energy to power the boilers and deliver carbon-free steam. As part of this plan, we are also pursuing a significant industrial-scale heat pump complex and thermal battery storage.

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