Latest news with #AaronJohnson
Associated Press
08-05-2025
- Business
- Associated Press
Aecon-led partnership awarded contract by Ontario Power Generation for the execution phase on the Darlington New Nuclear Project
TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) ('Aecon') announced today that Aecon Kiewit Nuclear Partners, a general partnership between Aecon and Kiewit Nuclear Canada in which Aecon is the lead partner, has been awarded an alliance construction contract by Ontario Power Generation ('OPG') for the execution phase on the Darlington New Nuclear Project ('DNNP') in Clarington, Ontario. Aecon's share of the contract is valued at approximately $1.3 billion and will be added to its Construction segment backlog in the second quarter of 2025. The project is being delivered under an Integrated Project Delivery ('IPD') model. During the execution phase, Aecon Kiewit Nuclear Partners will work collaboratively with partners OPG (owner and licence holder), GE Vernova Hitachi Nuclear Energy and AtkinsRéalis to deliver North America's first grid-scale Small Modular Reactor ('SMR'). Aecon Kiewit Nuclear Partners' scope of work during the execution phase includes project management, construction planning and execution, with completion and commercial operation expected in 2030. 'OPG's Darlington New Nuclear Project is a trailblazing undertaking – leading the way in delivering the next generation of nuclear plants across North America and internationally,' said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. 'Aecon is proud to bring its diverse nuclear expertise and multidisciplinary capabilities to play a prominent role in safely executing this exciting project to meet the energy demands of future generations in Ontario.' 'Backed by over five decades of nuclear experience and the collective capacity of our project team, we are well positioned to successfully execute the next phase of this clean energy project with a steadfast commitment to safety, quality, schedule and cost performance,' said Aaron Johnson, Senior Vice President, Nuclear, Aecon Group Inc. 'Aecon continues to pursue strategic growth across a full spectrum of nuclear opportunities spanning large-scale new builds, SMRs, and life extension programs in existing and target priority markets.' Aecon is also the leading constructor for the three largest nuclear refurbishment projects in Ontario, including the Darlington Nuclear Refurbishment, the Pickering Nuclear Refurbishment and the Bruce Major Component Replacement program. Further information about the project is available on OPG's website. About Aecon Aecon Group Inc. is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility, and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc. Statement on Forward-Looking Information The information in this press release includes certain forward-looking statements which may constitute forward-looking information under applicable securities laws. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for Aecon, including statements regarding: the anticipated timeline for the successful execution and completion of the project. Forward-looking statements may in some cases be identified by words such as 'may,' 'will,' 'expects,' 'target,' 'future,' 'plans,' 'believes,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'should' or the negative of these terms, or similar expressions. In addition to events beyond Aecon's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including but not limited to: the risk of not being able to meet contractual schedules and other performance requirements, the risks associated with a third party's failure to perform; the risk of not being able to meet its labour needs at reasonable costs; and the risk of not being able to address any supply chain issues which may arise. These forward-looking statements are based on a variety of factors and assumptions including, but not limited to that: none of the risks identified above materialize, there are no unforeseen changes to economic and market conditions, and no significant events occur outside the ordinary course of business. These assumptions are based on information currently available to Aecon, including information obtained from third-party sources. While Aecon believes that such third-party sources are reliable sources of information, Aecon has not independently verified the information. Aecon has not ascertained the validity or accuracy of the underlying economic assumptions contained in such information from third-party sources and hereby disclaims any responsibility or liability whatsoever in respect of any information obtained from third-party sources. Risk factors are discussed in greater detail in Section 13 - 'Risk Factors' in Aecon's 2024 Management's Discussion and Analysis for the fiscal year ended December 31, 2024 and Aecon's Management's Discussion and Analysis for the fiscal quarter ended March 31, 2025, each filed on SEDAR+ ( For further information: Adam Borgatti SVP, Corporate Development and Investor Relations 416-297-2600 [email protected] Nicole Court Vice President, Corporate Affairs 416-297-2600 [email protected]
Business Journals
21-04-2025
- Business
- Business Journals
Hurstbourne Heights apartments sell for $13.35 million
Already have a paid subscription? Sign in THE REMAINDER OF THIS ARTICLE IS FOR PREMIUM MEMBERS The sale showcases how Louisville's strong rent growth is attracting out-of-state investors looking for opportunities in the multifamily sector. Story Highlights Hurstbourne Heights apartment complex sold for $13.35 million to South Carolina-based investor. Louisville's apartment market attracts investors due to 3.3% rent growth. Transaction involved assumption of low-interest HUD loan. An East End apartment complex has new owners. The 84-unit Hurstbourne Heights apartment property at 7603 Downs Farm Way sold for $13.35 million, or $158,929 per unit, according to a news release from Marcus & Millichap Brokers, which represented the seller. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Aaron Johnson and David Badgett, investment specialists for Marcus & Millichap's Louisville office, were the listing agents for the property. The seller was a local developer registered as Hurstbourne Heights Development LLC, whose managing member is Damon Garrett, CEO of Louisville-based Sunshine Builders. Sunshine Builders is also the developer of Valhalla Park Place, a $40 million, 207-unit luxury apartment complex under construction near the corner of Beckley Station Road and Shelbyville Road. The buyer was a South Carolina-based investor with multiple properties in Louisville, according to the release. The release does not disclose the name of the buyer and the sale record is not yet available with the Jefferson County Property Valuation Administration. Johnson did not immediately respond to a request for more information. 'This transaction was especially unique due to the assumption of a low-interest HUD loan, which made it a standout investment despite the challenges of a yearlong closing process,' Johnson said in the release. 'Louisville's strong growth fundamentals continue to attract out-of-state investors, and we expect that trend to remain steady in the months ahead.' Built in 2019, Hurstbourne Heights features one-, two- and three-bedroom apartments across 73,752 rentable square feet, according to the release. Amenities on the 6.78-acre property include a dog park and a walking trail. The sale continues a string of big-dollar apartment deals in the Greater Louisville area. Earlier this year Brentlinger Park Townhomes, at 9910 Brentlinger Park Drive, was purchased by Minneapolis-based Endurus Capital for $24 million. In November, nearly 1,500 Louisville apartment units changed hands in a massive five-complex deal worth $155 million. Those properties are in the Lyndon, Jeffersontown and in the Brownsboro Road/Zorn Avenue areas. The Avenue in the Highlands was sold in December for $18 million, or more than $140,000 per unit. Also in December, The Flats at Hurstbourne, at 3280 Silver Springs Drive, was purchased by FHA202 LLC for $13.2 million, while earlier in 2024 the Cooper Creek Apartments were sold for $19.8 million. Louisville's apartment market has become attractive to investors in recent years, partially due to the market's rent growth. Louisville's rents have grown 3.3% in the last year, according to a study by CoStar's good for fourth-fastest in the nation. Of the recent complex sales, Brentlinger Park was by far the most expensive per unit. The property's 113 units sold for nearly $248,000 per unit. For comparison, MF Capital paid $106,164 per unit in the five-complex deal. The 123-unit Cooper Creek Apartments in the South End of Louisville sold for more than $160,000 per unit and the Villas sold for $195,000 per unit.
Yahoo
17-04-2025
- Entertainment
- Yahoo
Local photographer highlights the history of Milwaukee buildings people 'love to hate' in new series
A Milwaukee-area photographer has stirred up good-hearted debate in social media comment sections with his new series of drone images. Aaron Johnson, an art director, animator and photographer from Oak Creek, is the man behind a recently posted series of photos highlighting Milwaukee's "most commonly criticized landmarks" ― buildings in the city that people "love to hate." Johnson's work can be found in the "Wisconsin in Pictures" Facebook group, in the r/milwaukee subreddit and on his LinkedIn page. So far, the series, which began in late March, has highlighted four buildings: 411 East Wisconsin Center, Reuss Federal Plaza, the University of Wisconsin-Milwaukee's Sandburg Residence Halls and the Pfister Hotel tower addition. "I've always thought it's fascinating that people ― probably in every city but especially in Milwaukee ― have really strong opinions on architecture and buildings, even though most of us aren't architects and most of us will never have the means to build or design a giant building," Johnson said. In recent years, Johnson became interested in drone photography both professionally and for fun. He said he tries to practice as much as possible by documenting landmarks and events in the Milwaukee area. "Sometimes, I would receive the criticism that I'm always taking 'beauty shots' of Milwaukee ...," he said. "So, I thought, 'Here's a challenge, I'll go find these buildings that people find controversial, whether they think they're ugly or they love it or hate it." People's strong opinions are on full display in Johnson's comment sections in the "Wisconsin in Pictures" group. While some see the bright blue Reuss Federal Plaza at 310 W. Wisconsin Ave. as a "Blue Monstrosity" or the "Cookie Monster building," others say it's a welcome and colorful beacon in a sea of neutral-colored neighbors. While Johnson says some argue that the UWM towers look out of place in the east-side neighborhood, commenters recounted good memories made in the dorms and said the buildings provide functional spaces for students. "What's been really fascinating for me is hearing people's personal perspectives," Johnson said. "People commenting like 'Hey, my dad worked on that building,' or 'I know the person who did the plumbing in that building,' or 'I worked in that building for 20 years.'" In his research, Johnson said he seeks to provide an unbiased history of each building and the potential reasons it was constructed as it was. He said he wants to point out "the positives and the negatives" by taking into account the opinions of social media users and his own friends and comment sections. Johnson said his photography schedule depends on the weather and what kind of free time he has to capture his subjects in the desired lighting. He's compiled a list of buildings he hopes to feature next, based on his research and commenter suggestions. On Monday, he told the Journal Sentinel he planned to post about the Pfister Hotel's 1962 tower addition, which he'd already photographed. Johnson noted the juxtaposition between the "very mid-century, silo-looking" structure and the "distinct, 1800s architecture" style of the original hotel. He posted about the 13-story tower addition Wednesday morning. Johnson said he does most of his research before going out to shoot so he can properly highlight what makes each building controversial. For example, the angle he uses in his photo of the UWM residence halls is meant to show how the dorms tower high above the surrounding residential area, creating a "stark contrast." Soon, Johnson also plans to photograph the downtown Milwaukee Police Station. "It's a very brutalistic building, but it's a perfect one, because a lot of people hate it, but I actually think that one's kind of cool because it's so stylized." This article originally appeared on Milwaukee Journal Sentinel: Photographer highlights Milwaukee's most controversial buildings
Yahoo
04-04-2025
- Business
- Yahoo
Ares launches Sagepoint RNG developer, plus news from Opal, EnVitec, Nexus
This story was originally published on Waste Dive. To receive daily news and insights, subscribe to our free daily Waste Dive newsletter. This is the latest installment in Waste Dive's Biogas Monthly series. Ares Management is launching a new renewable natural gas platform named Sagepoint Energy, bringing together several growing assets with a plan for expansion. The business is a combination of Dynamic Renewables and BC Organics, in which Ares purchased a majority stake in 2023, and National Organics, a logistics platform launched under Ares in 2024. Aaron Johnson, a veteran of the renewable natural gas space and no stranger to the world of private capital, is Sagepoint's CEO. He's been the CEO of Dynamic since December 2023. He previously led RNG developer Kinetrex Energy, and became president of RNG for Kinder Morgan after the energy infrastructure company acquired Kinetrex in 2021. Sagepoint plans to hit the ground running with acquisitions, according to Johnson. 'Honestly, I don't intend to slow down here,' he said. 'We've assembled the team for it and we're executing fairly quickly on it.' Less than two weeks after the combination was announced, Sagepoint announced the acquisition of Lynx Renewable Energy Kansas and Renewable Power Producers. The two each operate a landfill-gas-to-RNG asset, and Sagepoint plans to immediately expand Lynx's facility at the Plumb Thicket Landfill in Harper, Kansas. The centerpiece of the combined company is its other RNG-producing facility, BC Organics. The site uses 16 digester tanks to process about one million gallons of manure per day. National Organics, the logistics network spearheaded by Johnson at Ares, operates dozens of trucks between several dairy farms in the Green Bay, Wisconsin, area and the BC Organics facility. It also receives 40% of its feedstock via pipeline, returning nutrient-rich water to farms for reuse. The company is planning to continue growing its portfolio of landfill projects. Johnson said that's in part to balance against the dairy exposure Sagepoint already has — he noted a lack of clarity regarding federal tax credits and California's Low Carbon Fuel Standard update make that business a bit riskier at the moment. "We have quite a few, candidly, projects that we've grandfathered and done some of the initial construction, but to push forward on some of those dairy projects, we'll definitely need clarification from [the California Air Resources Board,]" Johnson said. Sagepoint is also exploring the possibility of codigesting other kinds of organic waste in its facilities. Johnson said he's learned to operate with an 'all-of-the-above strategy' in the RNG space over the years, and will carry out that philosophy at Sagepoint. 'Ares is very prolific in this area, and I think for us we are very bullish,' Johnson said. Credit pricing as of April 2, 2025 D3 RIN prices: $2.462 Down from $2.465 in 2024 D5 RIN prices: $1.025 Up from $0.935 in 2024 $61 Price per metric ton of carbon dioxide equivalent in Oregon's Clean Fuels Program $56 Price per metric ton of carbon dioxide equivalent in California's Low Carbon Fuel Standard Source: EcoEngineers Carbon Market Snapshot, April 2 Opal Fuels commissioned three landfill-gas-to-RNG projects last year, increasing its RNG output 41% to 3.8 million mmBtus, it announced in its full-year earnings release. Full-year revenue also improved 17% year over year to about $300 million, the company reported. '2024 was a solid year for OPAL Fuels, we made strong progress on our operational and strategic objectives and have positioned the company for continued success this year and for many years to come,' Adam Comora, co-CEO of OPAL Fuels, said in a statement. Last year, Opal reported owning and operating 26 total projects, including 11 which produce RNG and 15 which produce 'renewable power.' Of its RNG projects, two use dairy biogas and the rest use landfill gas. The company can generate up to 8.8 million mmBtus of RNG through its existing portfolio. The company also reported six RNG projects in construction, with the possibility to convert more of its power-generating sites to RNG in the future. SoCalGas has received approval from the California PUC for a contract with Organic Energy Solutions to receive RNG made from organic waste, the gas utility announced in March. It's the first contract approved by the commission under SB 1440, which sets short- and medium-term targets for investor-owned gas utilities to procure RNG. The law, passed in 2022, was designed to support California's short-lived climate pollutant law, SB 1383, by setting up a market for the gas produced by processing organic waste. SB 1440 does not allow for dairy biomethane to be used, since such projects can already benefit from the state's Low Carbon Fuel Standard. The commission set a target for investor-owned utilities to procure about 17.6 billion cubic feet of RNG annually by 2025, or the biomethane from about 8 million tons of organic waste. It set a further goal for utilities to displace about 12.2% of fossil natural gas with RNG by 2030. Organics Energy Solutions' project will be located in San Bernardino. It's expected to begin supplying RNG in the second half of 2026. EnviTec completed its fifth project in partnership with SJI Renewable Energy Ventures, a large dairy digestion plant in South Dakota. The 177,000 mmBtu system processes 300,000 gallons of manure a day. SJI and EnviTec are planning a portfolio of 15 total projects. Three others are currently ramping up production, including EnviTec's first Minnesota facility, per a release. EnviTec also touted its supply chain, noting the concrete tanks for its digester plants are manufactured locally. Germany-based EnviTec has built more than 700 biogas plants since 2002 across 18 countries. Nexus W2V began construction on an anaerobic digestion facility that will accept packaged food and other organic materials in La Porte, Indiana, in March. The facility is the company's first. The site is part of a $140 million plan for Nexus to break into waste-to-value development. It comes after a $75 million structured equity investment from Orion Infrastructure Capital. The Kingsbury Bioenergy Complex in La Porte is expected to support "dozens" of long-term positions once complete, per a release. It's scheduled to begin operations in late 2026. Nexus W2V is part of a family of companies based in Texas that offer wraparound waste-to-value services. It started in Texas in 2013 as an advisory firm, but expanded to include engineering and technical services. In 2023, Nexus received its first outside investment — a $50 million growth equity round backed by an affiliate of Greenbacker Capital Management, Ontario Power Generation Pension Fund and Liberty Mutual Insurance. Recommended Reading Waste companies report RNG progress; plus news from Aemetis, Waga and more Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
PG&E Invites Customers to a Webinar on Wildfire Prevention Work and Safety Resources for 2025
At the April 8 Virtual Event, PG&E Leaders Will Answer Questions and Share Available Resources OAKLAND, Calif., April 4, 2025 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) invites customers to an interactive webinar to share more about what we are doing to reduce wildfire risk and make our system safer. On Tuesday, April 8, from 5:30 p.m. to 7:00 p.m., PG&E experts will provide a brief presentation, during which participants will have the opportunity to ask questions. During the webinar event, customers can: Learn about wildfire safety efforts and progress Hear about resources available to support them Connect with PG&E leaders, including Senior Vice President, Aaron Johnson The event can be accessed through the below link, by phone or through PG&E's website, Audience Date Time Link and Dial-In All Customers April 8, 2025 5:30 p.m. – 7 p.m. Link: Or Dial-In: 800-621-7732 Conference ID: 1851052 American Sign Language interpretation will be available, along with dial-in numbers for those who aren't able to join online. For the full webinar events schedule, additional information on how to join and recordings and presentation materials from past events, visit More information and resources to help you and your family prepare for and stay safe in the event of an emergency can be found at About PG&EPacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit and View original content to download multimedia: SOURCE Pacific Gas and Electric Company
