The Opportunity

Cleaning, connecting, and powering a more sustainable America. 

Image

"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.

Image
Image

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.

Image

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.

Image

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.


Breathing Life into the American Energy Grid

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.

Image

Breathing Life into the American Energy Grid

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.

Image

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

U.S. coal consumption is likely to decline sharply again in 2020, though the current roster of planned and completed coal plant retirements suggests the year may not be quite as rough as the past two. At 13,703 MW, 2019 marks the highest level of annual coal capacity retirements in the U.S. since 2015, a new S&P Global Market Intelligence analysis of federal data shows. The amount of coal capacity planned for retirement in 2020 is expected to exceed the amount retired in each of 2014, 2016 and 2017.
– S&P Market Intelligence - Jan 2020

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.

– White House Briefing Room Statement - March 31, 2021

    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

    U.S. coal consumption is likely to decline sharply again in 2020, though the current roster of planned and completed coal plant retirements suggests the year may not be quite as rough as the past two. At 13,703 MW, 2019 marks the highest level of annual coal capacity retirements in the U.S. since 2015, a new S&P Global Market Intelligence analysis of federal data shows. The amount of coal capacity planned for retirement in 2020 is expected to exceed the amount retired in each of 2014, 2016 and 2017.
    – S&P Market Intelligence - Jan 2020

    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.

    – White House Briefing Room Statement - March 31, 2021

      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.

      Image

      Connecticut

      A former United Illuminating power plant, shut off for nearly a century, was demolished and remediated to make way for replacement by 1,500 residential units, 800,000 square feet of retail, 200,000 square feet of commercial space, and 300,000 square feet of hotel and meeting area, overlooking a 200-slip marina with complete shore-side support.
      Learn More
      Image

      Florida

      Developed on the site of a former waste transfer terminal and bus depot, Miami Beach Marina's redevelopment included the total remediation of 60 acres and full construction of the site. Representing a $200MM investment, this premier 400 slip full-service marina has become a major destination in Greater Miami.
      Learn More
      Image

      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.
      Learn More

      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.

      Image

      Connecticut

      A former United Illuminating power plant, shut off for nearly a century, was demolished and remediated to make way for replacement by 1,500 residential units, 800,000 square feet of retail, 200,000 square feet of commercial space, and 300,000 square feet of hotel and meeting area, overlooking a 200-slip marina with complete shore-side support.
      Learn More
      Image

      Miami Beach FL

      Developed on the site of a former waste transfer terminal and bus depot, Miami Beach Marina's redevelopment included the total remediation of 60 acres and full construction of the site. Representing a $200MM investment, this premier 400 slip full-service marina has become a major destination in Greater Miami.
      Learn More
      Image

      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.

      Learn More