Veolia Energy North America signs long-term agreement to operate MATEP assets in Boston

Veolia Energy North America, a leading provider of sustainable energy services, management solutions, and facility operations is pleased to announce that it has entered into a long-term agreement to operate and maintain the Medical Area Total Energy Plant (MATEP) assets in the Longwood Medical Area of Boston.

“Operating and maintaining large thermal and electrical energy infrastructure in a cost-effective, energy-efficient, and environmentally sustainable manner is Veolia Energy’s core business”

The 200-acre Longwood Medical Area is home to six world-class, Harvard Medical School-affiliated medical institutions: Harvard School of Public Health, Beth Israel Deaconess Medical Center, Brigham and Women’s Hospital, Dana-Farber Cancer Institute, Children’s Hospital Boston, and Joslin Diabetes Center. Collectively, these healthcare facilities feature more than 2,000 beds and serve 85,000 inpatients and 50,000 outpatients a year.

Morgan Stanley Infrastructure Partners and Veolia Energy North America formed a consortium to acquire the energy assets, with Veolia Energy North America taking a minority interest. Veolia Energy North America’s investment serves as a demonstration of its long-term commitment to optimizing the economic, technical and environmental performance of the assets under its care. The operating contract will take effect upon the close of the MATEP acquisition, which is subject to customary regulatory approvals and the expiration of the waiting period under the Hart-Scott-Rodino Act.

“Operating and maintaining large thermal and electrical energy infrastructure in a cost-effective, energy-efficient, and environmentally sustainable manner is Veolia Energy’s core business,” said Stewart A. Wood, President and CEO of Veolia Energy North America. “Veolia Energy is well-versed in the specific requirements of serving healthcare institutions. Applying our operating expertise for the comfort of all patients and performance guarantees for the benefit of these prominent hospitals provides an optimal fit for all stakeholders.”

MATEP is a central district energy plant (heating and cooling) that operates in both cogeneration (combined heat and power) and combined cycle modes. The facility is comprised of combustion turbines, diesel and steam turbine generators, heat recovery steam generators, conventional boilers and large industrial chillers.

Veolia Energy delivers sustainable solutions to 5,130 healthcare establishments around the world, representing more than 454,000 beds. These solutions include thermal and electrical energy; HVAC, heating and cooling systems; sterilization and specialist heating; operation of refrigeration facilities; and medical vacuum. Veolia Energy helps the institutions to control their costs and improve their carbon footprint, while ensuring the highest reliability to critical areas such as operating and infant care rooms, and research and testing laboratories.