Cordia Acquiring Three Cutting-Edge Energy Systems from Essential Utilities in Allegheny County
PHOENIX, Oct. 3, 2023 /PRNewswire/ -- Cordia, a leading provider of safe, reliable, and sustainable energy solutions, today announced that it has signed a binding agreement to acquire three microgrids and district energy systems in Allegheny County, Pennsylvania, from Essential Utilities, Inc. (NYSE: WTRG). The acquisition is valued at $165 million.
- Cordia to Expand Footprint in Pittsburgh with $165 Million Deal to Acquire Three Energy Systems from Essential Utilities that Strategically Supports Cordia's Growth in the Region.
- PHOENIX, Oct. 3, 2023 /PRNewswire/ -- Cordia , a leading provider of safe, reliable, and sustainable energy solutions, today announced that it has signed a binding agreement to acquire three microgrids and district energy systems in Allegheny County, Pennsylvania, from Essential Utilities, Inc .
- "Our teams at Peoples and Essential should be proud knowing their work to develop these innovative energy systems has made this region better," said Essential Utilities CEO & Chairman Chris Franklin.
- "We are confident our customers will be in good hands with Cordia operating these energy systems," said Peoples President Mike Huwar.