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Charah Solutions, Inc. (CHRA) delivers essential environmental services to the energy sector, specializing in ash management, byproduct recycling, and power plant remediation. This news hub provides investors and industry professionals with authoritative updates on the company’s operational milestones and regulatory compliance efforts.
Access verified press releases and announcements covering CHRA’s environmental solutions for coal-fired and nuclear power facilities. The curated collection includes updates on ash pond closure projects, recycling innovations, and maintenance service contracts with utilities. Users will find timely information on safety protocol enhancements and sustainability initiatives critical to the power generation industry.
This resource serves as a centralized reference for tracking CHRA’s progress in transforming industrial byproducts into reusable materials while maintaining strict environmental standards. Regular updates ensure stakeholders stay informed about the company’s role in enabling cleaner energy operations through advanced remediation technologies.
Bookmark this page for direct access to CHRA’s official communications, including strategic partnerships and operational developments. Check back frequently for unedited news reflecting the company’s commitment to environmentally responsible power generation support services.
Charah Solutions (NYSE:CHRA) has secured a multi-year contract to manage the marketing and recycling of approximately 150,000 tons of fly ash annually from an Indiana utility, starting Q3 2022. The contract involves utilizing the fly ash through its MultiSource materials network, enhancing the sustainability of concrete production. This initiative supports the company's commitment to reducing landfill waste and carbon emissions, contributing to the Global Cement and Concrete Association's goal of carbon-neutral concrete by 2050.
Charah Solutions (NYSE:CHRA) will present at the Stifel 2022 Cross Sector Insight Conference in Boston on June 7, 2022, at 9:45 AM ET. CEO Scott Sewell and CFO Roger Shannon will lead the presentation, followed by individual investor meetings.
A live webcast is available at this link, and an archive will be accessible afterward. The conference runs from June 7-9, 2022, at the InterContinental Hotel.
Charah Solutions (NYSE:CHRA) will present and hold investor meetings at the B. Riley Securities 22nd Annual Conference in Los Angeles on May 25, 2022. CEO Scott Sewell and CFO Roger Shannon will participate in a fireside chat at 12:30 PM ET, followed by individual meetings. The conference runs from May 25-26, featuring over 200 management teams and institutional investors. Charah, with over 30 years in environmental services, specializes in recycling and ash management for power generation.
Charah Solutions (NYSE:CHRA) received the prestigious Crystal Eagle Excellence in Safety Award from the Coalition for Construction Safety (CCS) on April 28, 2022. The award recognizes the company’s innovative safety programs and commitment to employee safety. Charah Solutions achieved a Total Recordable Incident Rate (TRIR) of 0.32 in 2021 and maintains a three-year average Experience Modification Rate (EMR) of less than 0.62. This recognition emphasizes Charah Solutions' focus on creating a safe work environment, aligning with its core value of safety.
Charah Solutions (NYSE:CHRA) reported Q1 2022 revenue of $66.1 million, up from $52.1 million in Q1 2021, but down from $93.4 million in Q4 2021. Gross profit was negative $3.8 million, with a net loss of $12.0 million. Supply chain issues and adverse weather caused project delays and cost overruns. Year-to-date awards reached $87.7 million, supported by a healthy market trend and a pending new business pipeline of $3.15 billion. Charah reaffirms annual guidance of $325-$365 million in revenue, with adjusted EBITDA expected at the lower end.
Charah Solutions (NYSE:CHRA) will announce its Q1 2022 financial results on May 10, 2022, post-market. A conference call to discuss these results is set for May 11, 2022, at 8:30 a.m. ET. Investors can register via a provided link and access the call through the company's Investor Relations page. A replay will be available afterwards. With over 30 years in the industry, Charah Solutions focuses on sustainable environmental services and byproduct recycling for the power generation sector, aiming to reduce greenhouse gas emissions.
Charah Solutions (NYSE:CHRA) has acquired the Cheswick Generating Station, Lefever Ash Landfill, and Monarch Wastewater Treatment Facility from GenOn to initiate environmental remediation and redevelopment in a sustainable manner. This acquisition, finalized on April 6, 2022, positions Charah to reduce over 1 million tons of CO2 emissions annually by decommissioning the coal-fired plant. The project is part of Charah's broader strategy to capitalize on the expected decommissioning of 240 U.S. coal-fired plants over the next 10-15 years, benefiting local communities and the environment.
Charah Solutions, a leader in environmental services, has successfully acquired the Avon Lake Generating Station from GenOn, closing the deal on April 4, 2022. The 627 MW coal-fired plant, located in Avon Lake, Ohio, will undergo environmental remediation and sustainable redevelopment, aiming to significantly reduce carbon emissions by approximately 500,000 tons annually. Charah Solutions will lead the decommissioning and redevelopment, collaborating with local partners for a future environmentally conscious use of the site.
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