Vicinity Energy Names Bill Fahey As Chief Operating Officer

Jul 10, 2023•about 2 years ago

Position

Chief Operating Officer

Company

Vicinity Energy

Bill Fahey

BostonRenewable EnergyEnergy

Description

Vicinity Energy, a national decarbonization leader with an extensive portfolio of district energy systems across the United States, announced that Bill Fahey has joined the company as its new chief operating officer. Fahey joins Vicinity with over 35 years of experience in the energy industry. Previously Fahey served as the executive vice president and chief technical officer for Veolia North America, where he led many operations-focused initiatives and has been instrumental to its long-term success in North America.

Company Information

Company

Vicinity Energy

Location

Boston, Massachusetts, United States

About

Vicinity Energy is the largest owner and operator of district energy systems dedicated to decarbonizing its operations and investing in innovative renewable thermal energy technologies to offer carbon-free eSteam™ to its customers. Operating 19 district energy systems in 12 cities, Vicinity delivers reliable and sustainable steam, hot water, and chilled water to over 260 million square feet of building space nationwide. As Vicinity advances its electrification efforts across its locations, the goal to achieve net zero by 2050 is more than a commitment—it's a mission.

Executive Insights

Based on hiring data

New executive impact window

87% of new executives make significant technology decisions within first 100 days

Budget influence

C-level executives control 73% of technology spending decisions

Transformation catalyst

65% of new senior hires launch digital transformation initiatives

Vendor review timeline

New executives typically review existing vendors within 6 months

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