The Opportunity
Cleaning, connecting, and powering a more sustainable America.
"In thousands of rural and urban communities around the country, hundreds of thousands of former industrial and energy sites are now idle sources of blight and pollution."
White House Briefing – Room March 2021
As an integrated best-in-class developer of brownfield assets with 30 years' experience in industrial site redevelopment, 98six° is focused on reclaiming disused sites and integrating sustainable, future-looking industry with vibrant communities supporting residential and commercial life.
True ESG
98six° is rapidly becoming a recognized industry leader in responsible brownfield redevelopment, driving measurable social and environmental impact while providing strong returns for impact investors. Our reclamation model converts untenable, environmentally impaired properties into productive assets achieving ESG objectives for both corporate and community stakeholders.
Impact Investing
Within the ESG criteria, we deliver success for our financial partners while simultaneously helping local communities to make significant strides toward a better future. Environmental criteria consider how a company performs as a steward of nature. Items such as climate change, hazardous waste and water flows are responsibly managed on the brownfield sites for the community. Our commitment to social and governance criteria sets the standard for managing relationships with employees, suppliers, customers, and the communities where we operate.
True ESG
98six° is rapidly becoming a recognized industry leader in responsible brownfield redevelopment, driving measurable social and environmental impact while providing strong returns for impact investors. Our reclamation model converts untenable, environmentally impaired properties into productive assets achieving ESG objectives for both corporate and community stakeholders.
Impact Investing
Within the ESG criteria, we deliver success for our financial partners while simultaneously helping local communities to make significant strides toward a better future. Environmental criteria considers how a company performs as a steward of nature. Items such as climate change, hazardous waste and water flows are responsibly managed on the brownfield sites for the community. Our commitment to social and governance criteria sets the standard for managing relationships with employees, suppliers, customers, and the communities where we operate.
The rate of coal consumption has been declining sharply and a continued trend to close coal-fired power plants will continue into the foreseeable future. Retired power facilities typically occupy prime locations on or near waterfront and urban centers. These complex properties are uniquely situated to support both clean power and logistics infrastructure as well as commercial space. The ability to unlock the potential of these sites requires extensive experience in the environmental remediation, redevelopment and reclamation of the underlying assets in order to realize their potential as economic and environmental hubs in their communities.
The rate of coal consumption has been declining sharply and a continued trend to close coal-fired power plants will continue into the foreseeable future. Retired power facilities typically occupy prime locations on or near waterfront and urban centers.
These complex properties are uniquely situated to support both clean power and logistics infrastructure as well as commercial space. The ability to unlock the potential of these sites requires extensive experience in the environmental remediation, redevelopment and reclamation of the underlying assets in order to realize their potential as economic and environmental hubs in their communities.
America’s Current Redevelopment Temperature
The U.S. Environmental Protection Agency (EPA) awarded $254.5 million in Brownfields grants to 265 communities ... EPA’s Brownfields grants and other technical assistance programs like the RE-Powering America’s Land Initiative are also helping to build the clean energy economy. Today’s announcement includes a former coal mine in Greene County, Pennsylvania, that will become a 10-megawatt solar farm, and a former dump site in the Fort Belknap Indian Community in Montana that will be converted to a solar farm, saving local residents an estimated $2.8 million in energy costs over 25 years, among many others.
– EPA Press Office - May 2022
The current concern for climate change and social equity in the US, highlighted by the global COVID-19 pandemic, has increased public attention on environmental, social, and governance (ESG) issues. One of the primary challenges the country faces is the issue of infrastructure, which has a profound impact on environmental and social conditions. Private entities have an opportunity to address ESG factors and improve climate resiliency, environmental justice, and economic opportunity through public–private partnerships (PPPs) that are focused on America’s aging infrastructure.
– International Conference on Sustainable Infrastructure 2021 - December 2021
Remediate and redevelop idle real property, and spur the buildout of critical physical, social, and civic infrastructure in distressed and disadvantaged communities. In thousands of rural and urban communities around the country, hundreds of thousands of former industrial and energy sites are now idle sources of blight and pollution. Through a $5 billion investment in the remediation and redevelopment of these Brownfield and Superfund sites, as well as related economic and workforce development, President Biden’s plan will turn this idle real property into new hubs of economic growth and job creation.
America’s Current Redevelopment Temperature
The U.S. Environmental Protection Agency (EPA) awarded $254.5 million in Brownfields grants to 265 communities ... EPA’s Brownfields grants and other technical assistance programs like the RE-Powering America’s Land Initiative are also helping to build the clean energy economy. Today’s announcement includes a former coal mine in Greene County, Pennsylvania, that will become a 10-megawatt solar farm, and a former dump site in the Fort Belknap Indian Community in Montana that will be converted to a solar farm, saving local residents an estimated $2.8 million in energy costs over 25 years, among many others.
– EPA Press Office - May 2022
The current concern for climate change and social equity in the US, highlighted by the global COVID-19 pandemic, has increased public attention on environmental, social, and governance (ESG) issues. One of the primary challenges the country faces is the issue of infrastructure, which has a profound impact on environmental and social conditions. Private entities have an opportunity to address ESG factors and improve climate resiliency, environmental justice, and economic opportunity through public–private partnerships (PPPs) that are focused on America’s aging infrastructure.
– International Conference on Sustainable Infrastructure 2021 - December 2021
Remediate and redevelop idle real property, and spur the buildout of critical physical, social, and civic infrastructure in distressed and disadvantaged communities. In thousands of rural and urban communities around the country, hundreds of thousands of former industrial and energy sites are now idle sources of blight and pollution. Through a $5 billion investment in the remediation and redevelopment of these Brownfield and Superfund sites, as well as related economic and workforce development, President Biden’s plan will turn this idle real property into new hubs of economic growth and job creation.
Projects
98six° is unique in that its focus and vision is to create sustainable, real value in adaptive reuse of brownfield assets. Its model of creating a full-service solution for utilities and industrial manufacturers allows delivery of first class facilities into the marketplace.
Connecticut
Florida
Pennsylvania
Projects
98six° is unique in that its focus and vision is to create sustainable, real value in adaptive reuse of brownfield assets. Its model of creating a full-service solution for utilities and industrial manufacturers allows delivery of first class facilities into the marketplace.
Connecticut
Miami Beach FL
Pennsylvania
In 2019, 98six° acquired the 368 MW Cromby Station former coal plant. Demolition was completed in 2021, with ongoing work, including environmental remediation and construction, continuing into 2022. The site will support light industrial and renewable energy applications, catering to energy storage, data processing and vertical agriculture in addition to residential use.