Casella Waste Systems, Inc., (Casella) (Nasdaq: CWST) introduced
its Mack® LR Electric model, the first electric refuse vehicle in
the State of Vermont, in a ceremony at the Killington Grand Hotel
in front of over 100 onlookers including local and state
representatives, local business leaders, customers, employees, and
more.
The event was highlighted by remarks from Vermont Governor, Phil
Scott, who referred to the announcement as another exciting step in
Vermont’s efforts to electrify the transportation sector.
“The State of Vermont continues to be a leader in electrifying
the transportation sector, and I truly believe it’s the future,”
Gov. Scott said. “But, the government cannot lead the transition
alone. It takes committed partners in the private sector, like
Casella, to step up as well. I thank Casella for making this
exciting investment, and I look forward to our continued
partnerships.”
Casella’s LR Electric refuse truck is the first in its fleet and
has been equipped with an automated side-loader with a split body
for collecting waste and recycling simultaneously. By switching one
truck from diesel to electric, Casella expects to conserve over
7,500 gallons of diesel fuel per year, which has an immediate
benefit to our air and climate. Because the fleet will be charging
with Green Mountain Power, which delivers 100% carbon-free
electricity, the company expects to eliminate over 78 metric tons
of greenhouse gas emissions per year, which is equivalent to taking
around 16 passenger vehicles off the road.
The Mack LR E will be used on residential routes in the Rutland
Region and was partially made possible when Casella successfully
secured grant funding through the Vermont Department of
Environmental Conservation’s Volkswagen Environmental Mitigation
Trust. Casella believes that Vermont will provide the right proving
ground for the pilot program, testing against the mountainous
terrain and cold winters.
“Sustainable innovation is core to everything we do as a
company,” said Casella Chairman and CEO, John W. Casella. “The
opportunity to pilot the Mack LR Electric in Vermont will help us
evaluate whether this is a viable option in other markets that we
serve. The opportunity to cut greenhouse gas (GHG) emissions, while
maintaining a high level of service to our customers, is key to
us.”
In 2005 Casella joined the EPA Climate Leaders as a charter
member, and in 2012 the company was awarded the EPA’s Climate
Leadership Award for Excellence in Greenhouse Gas Emissions after
reducing its carbon footprint by more than 45 percent and has
recently established a goal to reduce it by another 40 percent by
2030.
“This is another important milestone in our pursuit of becoming
a more sustainable business while serving our customers in a way
that helps them meet their sustainability goals as well,” Casella
said. “This pilot program is an important step in understanding the
viability of the technology and how we could potentially scale
it.”
For more information on Casella’s sustainability efforts, visit
www.casella.com/sustainability.
ABOUT CASELLA WASTE SYSTEMS, INC.Casella Waste
Systems, Inc., headquartered in nearby Rutland, Vermont, is the
Northeast’s largest recycler and most experienced fully integrated
resource management company. Founded in 1975 as a single truck
collection service, Casella has grown its operations to provide
solid waste collection and disposal, transfer, recycling, and
organics services to more than 900,000 residential, commercial,
municipal, institutional, and industrial customers throughout the
Northeast, and professional resource management services to over
10,000 customer locations in more than 40 states.
For further information, investors should contact Jason Mead,
SVP Finance & Treasurer at (802) 772-2293, and media should
contact Jeff Weld, Director of Communications at (802) 772-2234, or
visit the company’s website at www.casella.com.
SAFE HARBOR STATEMENTCertain matters discussed
in this press release, including, but not limited to, the
statements regarding our intentions, beliefs or current
expectations concerning, among other things, our financial
performance; financial condition; operations and services;
prospects; growth; strategies; anticipated impacts from future or
completed acquisitions; guidance for fiscal year 2022; and beliefs
or current expectations concerning its sustainability goals and
commitments and anticipated actions to meet such goals and
commitments, and the Company’s progress towards, and achievement
of, its sustainability strategy and vision, are “forward-looking
statements” intended to qualify for the safe harbors from liability
established by the Private Securities Litigation Reform Act of
1995. These forward-looking statements can generally be identified
as such by the context of the statements, including words such as
“believe,” “expect,” “anticipate,” “plan,” “may,” “would,”
“intend,” “estimate,” "will," “guidance” and other similar
expressions, whether in the negative or affirmative. These
forward-looking statements are based on current expectations,
estimates, forecasts and projections about the industry and markets
in which the Company operates and management’s beliefs and
assumptions. The Company cannot guarantee that it actually will
achieve the financial results, plans, intentions, expectations or
guidance disclosed in the forward-looking statements made. Such
forward-looking statements, and all phases of the Company's
operations, involve a number of risks and uncertainties, any one or
more of which could cause actual results to differ materially from
those described in its forward-looking statements.
Such risks and uncertainties include or relate to, among other
things, the following: the ability to reach expected levels of
greenhouse gas emission reductions with the operation of electric
powered waste and recycling collection vehicles; and the ability to
further reduce the Company’s carbon footprint.
There are a number of other important risks and uncertainties
that could cause the Company’s actual results to differ materially
from those indicated by such forward-looking statements. These
additional risks and uncertainties include, without limitation,
those detailed in Item 1A, “Risk Factors” in the Company's Form
10-K for the fiscal year ended December 31, 2021, and in the
Company’s Form 10-Q for the quarterly period ended September 30,
2022, and in other filings that the Company may make with the
Securities and Exchange Commission in the future.
The Company undertakes no obligation to update publicly any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
Investors:Jason MeadSenior Vice President of
Finance & Treasurer(802) 772-2293
Media:Jeff WeldDirector of Communications
802-772-2234http://www.casella.com
Photos accompanying this announcement are available at
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