LOUISVILLE, KY (July 23, 2019) – Charah® Solutions, Inc. (NYSE: CHRA) (the “Company”), a leading provider of environmental and maintenance services to the power generation industry, announced today that it has received a #11 ranking in the Top 20 list of Power Sector Contractors by Engineering News-Record (ENR) as part of ENR’s annual list of the Top 400 Contractors in the US, based on 2018 construction revenue. The top 20 contractors in the power sector represent 77% of the market share, according to ENR, and provide an array of services for operators of thermal and hydroelectric power plants, waste-to-energy plants, transmission lines, substations, cogeneration plants, and other related utility assets.
“This recognition by one of the top publishers in the engineering and construction sector is further evidence of our position as a leading service provider to the power generation industry,” said Scott Sewell, President and CEO of Charah Solutions. “We’re proud of this achievement that’s been made possible by our 30+ years of experience and differentiation as the only service provider offering a full suite of ash management, and recycling, environmental remediation and ongoing maintenance services to fossil fuel and nuclear power generation plants. Our intense focus on delivering safe, clean and effective on-site solutions for the management and beneficiation of coal ash with excellence, as well as unsurpassed power plant maintenance and nuclear outages has fulfilled a critical need among our utility customers and will for many years to come.”
About Charah Solutions, Inc.
With 30 years of experience, Charah® Solutions, Inc. is a leading provider of environmental and maintenance services to the power generation industry, with operations in fossil fuel and nuclear power generation sites across the country. Based in Louisville, Kentucky, Charah Solutions assists utilities with all aspects of managing and recycling ash byproducts generated from the combustion of coal in the production of electricity as well as routine power plant maintenance and outage services for the fossil fuel and nuclear power generation industry. The Company also designs and implements solutions for ash pond management and closure, landfill construction, fly ash and slag sales, and structural fill projects. Charah Solutions is the partner of choice for solving customers’ most complex environmental challenges, and as an industry leader in quality, safety, and compliance, the Company is committed to reducing greenhouse gas emissions for a cleaner energy future. For more information, please visit www.charah.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. These statements are based on certain assumptions made by the Company based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements.
Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.