INDUSTRY UPDATES

LRS ACQUIRES LAKES DISPOSAL SERVICES, BOOSTING WASTE & RECYCLING REGIONAL FOOTPRINT IN NORTHERN ILLINOIS

LRS | May 16, 2022

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LRS, the greater Midwest's leading independent waste diversion, recycling and portable services provider, today announced the acquisition of Grayslake, Ill.-based Lakes Disposal Services, an independent, family-owned waste and recycling provider serving residents and businesses in northern Illinois; financial terms were not disclosed and the acquisition is effective immediately.

The acquisition expands LRS' northern Illinois footprint, adding nearly 2,000 commercial customers, and municipal services for residents in McHenry County, the Village of Wonder Lake, Village of Johnsburg, Village of Mettawa, Avon Township and large areas throughout Lake County.

Founded by Tim and Janelle Petersen in 2008, the acquisition of Lakes Disposal complements LRS' October 2021 acquisition of numerous GFL assets, including 16 municipalities in far northern Illinois, owned previously by Prairieland Disposal and Recycling Services.

"We welcome Tim, Janelle, and all Lakes Disposal employees and customers to the LRS family, and are excited to bring more growth and investment to our robust Chicagoland market, LRS continues to challenge the waste industry status quo, bringing much-needed local competition to help significantly lower the cost of Municipal Solid Waste and Recycling services, particularly at a time when many of our residential customers are struggling to make ends meet."

- LRS President and Chief Executive Officer Alan T. Handley.

The Petersen's and all Lakes Disposal employees will remain on with LRS to ensure a seamless transition and customer experience, Handley added.

Lakes Disposal is LRS' sixth announced acquisition in 2022; other 2022 announcements include: Portage, Wisc.-based The Country Plumber; Topeka, Kan.-based Ditch & Associates; Rochester, Minn.-based Sunshine Sanitation; Chicago-based Auburn Disposal; and South Bend, Ind.-based Junoll Services.

In 2021, the company amassed 22 acquisitions to complement its organic revenue growth across the nation's midsection.

About LRS
LRS is among the nation's leading independent waste diversion, recycling and portable services providers. Since 2013, LRS has specialized in delivering an exceptional customer experience for millions of residential and commercial customers across nine states: Illinois, Wisconsin, Iowa, Indiana, Michigan, Minnesota, Kansas, Arkansas and Tennessee. Diversified and growing, LRS also offers affordable roll-off container services, C&D recycling, street sweeping, portable restroom rentals, on-site storage and temporary fencing. LRS owns and operates 65 facilities and thrives on the passion of 2,100 full-time employees. The company provides safe, innovative, sustainability-driven services to clean and beautify the cities, neighborhoods, and communities it serves.

Spotlight

Since 2012, Covanta has made significant investments to recycle more metal from the waste stream. Using new technology and installing systems to recycle more ferrous and non-ferrous metals, metal recovery has improved by the equivalent of 16 cars per facility per week for ferrous, and for non-ferrous, the equivalent of 25,000 additional aluminum cans per week.

Spotlight

Since 2012, Covanta has made significant investments to recycle more metal from the waste stream. Using new technology and installing systems to recycle more ferrous and non-ferrous metals, metal recovery has improved by the equivalent of 16 cars per facility per week for ferrous, and for non-ferrous, the equivalent of 25,000 additional aluminum cans per week.

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ENERGY,INDUSTRY UPDATES

WT Group Announces Joint Venture With Greenwich Energy Solutions

WT Group | August 29, 2022

WT Group, a diversified engineering, design and consulting firm with over 50 years of experience, and Greenwich Energy Solutions, one of the premier providers of independent energy solutions in the Northeast, are thrilled to announce a regional joint venture to provide clients in the Northeast with a comprehensive range of cost-effective energy solutions from education, assessment and engineering design to construction management and high-performance monitoring. This joint venture will create a scalable footprint to provide single-source energy services that will help building owners and tenants upgrade their systems and capitalize on the need to view their buildings as opportunities to be more energy and carbon efficient and join the fight against climate change. Cliff Schorer, a Founder of Greenwich Energy Solutions, acknowledges the rare opportunity to have a business that can have a financial impact while doing a good service for humanity, stating, Our goal is to provide clients with a comprehensive, sole-source approach that mitigates the weighty burdens of managing the internal and external environment so vital to achieving business and societal goals. Selections of required sub-contractors and equipment suppliers will all be done in close consultation with clients and all selections will be totally agnostic. WT Group and Greenwich Energy Solutions are fully-versed in government programs that will benefit clients financially and can provide clients with education, energy efficiency audits, retrofit project management, energy supply procurement and brokerage, strategic consulting for long-term management and technology assessments. Stephen Hughes, President & COO of Greenwich Energy Solutions, added, "We're extremely excited about this venture. It will combine our talents in a way that is a force multiplier for delivering value to our clients and dramatically increasing the energy efficiency of their assets. "WT Group (WT) is thrilled to announce this joint venture with Greenwich Energy Solutions (GES). By combining GES' industry-leading renewable energy solutions and WT's depth of multi-discipline engineering capabilities, we will provide a one-of-a-kind comprehensive solution to our clients. Together, WT and GES will be a leader in reducing our clients' carbon footprint by offering a turnkey solution for your real estate to be more sustainable for generations to come." -Troy Triphahn, President & CEO of WT Group ABOUT GREENWICH ENERGY SOLUTIONS Headquartered in Brooklyn, New York, Greenwich Energy Solutions is one of the premier providers of independent energy solutions in the Northeast. The company is proud to work with top facility operators and stakeholders to add value, increase comfort and improve efficiency of their assets while ensuring regulatory compliance. GES is an independent energy efficiency partner that drives down operating costs for facility owners and operators and ensures compliance with the ever-changing landscape of new environmental and energy regulations. For more information about Greenwich Energy Solutions, visit www.greenwichenergysolutions.com or call 1-212-812-1479. ABOUT WT GROUP Headquartered in Hoffman Estates, Illinois, the WT Group is a diversified engineering, design and consulting firm delivering the expertise of over 170 skilled professionals serving clients in all 50 states. The firm's engineering solutions include Aquatic, Civil, Electrical, Mechanical, OSP, Plumbing, Structural, Telecommunications, along with solutions in Land Surveying, Accessibility Consulting, Design and Program Management and Construction Management. For more information about WT Group, visit www.wtgroup.com or call 1-224-293-6333.

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PRODUCTS,INDUSTRY UPDATES

SoCalGas Breaks Ground on First-of-its-Kind Technology to Produce Clean Hydrogen for SunLine Transit Agency's Hydrogen Fuel Cell Electric Buses

SoCalGas | August 20, 2022

Southern California Gas Co. (SoCalGas) today announced the official groundbreaking on construction of a first-of-its-kind advanced hydrogen generation system at SunLine Transit Agency in Thousand Palms, California. The project, called H2 SilverSTARS, will produce hydrogen from renewable natural gas (RNG) and help fuel SunLine's fleet of 17 hydrogen fuel cell electric buses. At scale, this demonstration project has the potential to provide clean hydrogen at any location adjacent to a natural gas pipeline, which will help reduce greenhouse gas emissions and accelerate California's climate and clean air goals. The demonstration will test STARS' technology, which was developed at the Pacific Northwest National Lab. The technology uses a combustion free process, so that it produces fewer greenhouse gas emissions compared to a conventional steam methane reforming process. Since the compact system is based on low-cost 12x1-inch, 3D-printed reactor disks and heat exchangers, it can be easily installed at fueling stations to help meet the demand while advancing climate and clean air goals. After its installation, the first STARS system will produce up to 80 kilograms of clean hydrogen a day, that's enough to fuel three of SunLine's zero-emission buses per day. We've been anticipating for this day to arrive and I'm excited construction has begun. Californians will need access to hydrogen and this demonstration project will provide insight during this energy transition," said Glenn Miller City of Indio Councilmember and SunLine Chair. "Once widely adopted, this project will help meet our state's climate goals. "SunLine has been pioneering hydrogen technologies for nearly three decades and partnering with SoCalGas on this project continues the momentum necessary to make hydrogen fueling accessible to the public, Producing clean hydrogen is the future of fuel, and this system will play a pivotal role in reducing greenhouse gas emissions." -Lauren Skiver, CEO/General Manager of SunLine Transit Agency. For several years now, the high cost of transporting hydrogen has been the big problem with rolling out fuel cell vehicles in California," said Robert Wegeng, President of STARS Technology Corporation. "This demonstration elegantly solves the problem with a compact, mass-produced hydrogen generator that can be placed on the gas grid in close proximity to filling stations and other places where cheap hydrogen is useful. Better yet, the hydrogen can meet the new Federal "Clean Hydrogen Standard" for regional hydrogen hubs since it can be produced from renewable natural gas." "This is the kind of demonstration project we love to see in California and we're excited construction has started. SoCalGas will use the knowledge gained from this project to help accelerate the adoption of clean hydrogen, Adopting clean technologies and working with SunLine and STARS will help SoCalGas and California reach our shared air quality and climate goals much faster." -Neil Navin, SoCalGas vice president of clean energy innovations. Earlier this year, SoCalGas announced a proposal to develop Angeles Link, a dedicated green hydrogen energy infrastructure system that could deliver clean, reliable energy to the Los Angeles basin to provide a path to decarbonize hard-to electrify sectors such as electric generation, industries that require clean fuels and cannot currently be electrified, and heavy-duty transportation. Clean fuel vehicles are expected to play an important role in meeting the state's climate and clean air goals. In California, Governor Newsom's executive order requires that all new cars sold in the state be zero-emissions by 2035. Californians having access to clean hydrogen generation systems, like H2 SilverSTARS, could be part of the clean energy transition. SunLine Transit Agency has been at the forefront of providing environmentally conscious public transportation since 1993, when the Agency pursued an aggressive strategy for incorporating clean technologies into its operations. The SunLine Transit Agency is on track to be fully transitioned to zero emissions by 2035 – five years ahead of the deadline set in the state's ICT Regulation (2040). In addition to SunLine's PEM Hydrogen Electrolyzer – the largest clean hydrogen-producing station in the country for transportation – its Liquid Hydrogen Station project has been funded by the California Energy Commission (CEC) and will expand the Agency's hydrogen fueling capacity for the existing fueling infrastructure. SunLine Transit Agency recently received a California Energy Commission award for the construction of a 15,000 – 18,000-gallon liquid hydrogen fueling station. This station will create fueling resiliency for the agency and is the first liquid hydrogen project in SunLine's thirty-year history. This liquid station is yet another element in the creation of a zero-emission blueprint for transit and fleet operators across the nation. For more information about SoCalGas' hydrogen innovation, visit http://socalgas.com/hydrogen. Photos and video of construction, SunLine buses, and a diagram of the STARS technology are available here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego.

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SUSTAINABILITY,INDUSTRY UPDATES

S&P Global Commodity Insights Launches First Platts Renewable Energy Certificate Price Assessments for Brazil, India and Turkey

S&P Global Commodity | September 06, 2022

S&P Global Commodity Insights announced an independent suite of price assessments for International Renewable Energy Certificates (I-RECs) in Brazil, India, and Turkey as market participants and energy consumers seek transparency in the global market for valuing renewable-origin power generation. "As the energy transition progresses more energy consumers are looking to I-RECs to meet renewable energy goals or mandates, which in turn is creating a growing demand for assessment and transparency of these certificates globally, With our Platts Global I-REC assessments market participants will now have pricing transparency within the key energy markets of Brazil, India, and Turkey." -Alan Hayes, Head of Energy Transition Pricing for S&P Global Commodity Insights I-RECs certificates are a way for consumers of electricity to have confidence that their power consumption comes from renewable sources. These assessments augment a suite of similar price references offered by S&P Global Commodity Insights for renewable energy certificates (RECs) in North America and Guarantees of Origin (GOs) in Europe. Brazil is the largest I-REC market in Latin America while Turkey and India represent two of the largest markets in Asia. The global nature of the energy transition makes extension of such assessments crucial for the progress of the renewable energy markets," Hayes said. "We will continue to innovate and expand in the space to meet client needs as the marketplace evolves and grows over time. The Platts Global I-REC price assessments reflect end-of-day renewable-origin power values as determined by buyers and sellers in the spot certificates market. The assessments will be expressed in a variety of currencies per megawatt hour (MWh). Platts I-REC assessments cover the leading renewables technologies of hydro, solar, wind and biomass generation. The vintages assessed cover the most liquid vintages of the previous year and the current year. For example, in calendar year 2022, the I-RECs vintages assessed will be 2021 and 2022. I-RECs price assessments can be found in MegaWatt Daily and European Power Daily publications, as well as on Platts Energy Transition Alert and Platts Dimensions Pro platform. Read more about the Platts Global I-REC asessements in the Subscriber Note here: Platts launches global I-RECs renewable electricity assessments | S&P Global Commodity Insights. About S&P Global Commodity Insights At S&P Global Commodity Insights, our complete view of global energy and commodity markets enables our customers to make decisions with conviction and create long-term, sustainable value. We're a trusted connector that brings together thought leaders, market participants, governments, and regulators and we create solutions that lead to progress. Vital to navigating commodity markets, our coverage includes oil and gas, power, chemicals, metals, agriculture, shipping and energy transition. Platts® products and services, including the most significant benchmark price assessments in the physical commodity markets, are offered through S&P Global Commodity Insights. S&P Global Commodity Insights is a division of S&P Global ( NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information visit https://www.spglobal.com/commodityinsights.

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