Vicinity Energy Transitions Leadership as Kevin Hagerty Succeeds Bill DiCroce as CEO

Vicinity Energy, a prominent provider of sustainable energy solutions, has announced the appointment of Kevin Hagerty as its new Chief Executive Officer and President. Kevin will succeed Bill DiCroce, who has served as CEO and President since 2012 and will now assume the role of Executive Chairman of Vicinity’s Board of Directors.

During his tenure, Bill DiCroce has been instrumental in advancing Vicinity’s district energy portfolio, driving growth, and enhancing operational efficiency. His leadership has expanded Vicinity’s presence, strengthened its technological capabilities, and solidified its leadership in clean energy solutions for urban and campus environments. Bill’s vision and commitment have been pivotal in fulfilling Vicinity’s mission to deliver sustainable and dependable energy solutions to its diverse customer base.

“I am tremendously proud of what we have accomplished at Vicinity,” said Bill DiCroce, Executive Chairman of Vicinity. “Our adoption of cutting-edge clean energy technologies and our steadfast commitment to sustainability have laid a robust foundation for the future. Kevin has played a key role in our transition to electrification and will lead our efforts to decarbonize our operations and support our customers.”

Kevin Hagerty brings a wealth of experience and a progressive vision to his new role. His proven track record in driving innovation and fostering growth positions him well to guide Vicinity into its next phase of development. Kevin is aligned with Vicinity’s commitment to advancing a clean energy future through sustainable energy solutions that prioritize decarbonization for customers and communities alike.

“I am honored to assume this new role and continue the critical work of expanding Vicinity’s district energy business while accelerating our journey toward sustainability,” said Kevin Hagerty, CEO and President of Vicinity. “My focus will be on advancing our efforts to provide clean, efficient, and reliable energy solutions that support the transition to a sustainable energy future. Our recent partnership with Emerson College, where we are implementing our innovative eSteam™ solution to support their sustainability objectives, exemplifies this commitment.”

Central to Vicinity’s strategy is the electrification of its operations and the advancement of its groundbreaking eSteam™ solution. By shifting from fossil fuels to electricity sourced from renewable energy, Vicinity aims to significantly reduce carbon emissions and enhance the sustainability of its services. eSteam™ represents a pioneering approach to providing carbon-free steam for heating and cooling needs, thereby supporting customers in achieving decarbonization goals and meeting stringent building performance standards.

“Our electrification initiatives and district solutions are designed to achieve city-wide decarbonization. Building a sustainable energy future is a monumental challenge that demands collective action, and innovative solutions like Vicinity’s eSteam™ are essential for addressing this challenge at scale and pace,” added Kevin Hagerty. “I am privileged to be part of the exceptional team at Vicinity, and together, we will strive to deliver optimal outcomes for our customers, the communities we serve, and the environment.”

Looking ahead, Vicinity remains steadfast in its commitment to safety, sustainability, innovation, and community engagement. With Kevin Hagerty leading the way and Bill DiCroce continuing to provide strategic guidance as Executive Chairman, Vicinity is well-positioned to lead the clean energy transition in urban cores and on campuses across its operational footprint.

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