Month: August 2025

With Three-Year Revenue Growth of 238% Percent, This Marks Verdek’s First Appearance on the List

MONROE, Conn., Aug. 14, 2025 /PRNewswire/ — Verdek, a national leader in electric vehicle (EV) charging infrastructure and sustainable e-mobility solutions, has been ranked No. 1,827 on the 2025 Inc. 5000 list of the fastest-growing private companies in America. This marks Verdek’s debut on the list, earning an exceptional #22 ranking nationwide in the EVSE Engineering category, and #10 in the state of Connecticut.

From 2021 to 2024, Verdek achieved 238% growth, driven by large-scale government and commercial projects that are reshaping the country’s transportation landscape. These include deployments for New York City public charging, the California Department of General Services (DGS) statewide procurement program, and strategic projects for NASA, IRS, US Army, US Navy, US Customs and Border Protection.

“Ranking in the top 2000 fastest growing companies in the US and the top 25 engineering companies in America is a huge honor,” said Guy Mannino, CEO of Verdek. “This reflects our technical expertise, our team’s commitment, and our ability to deliver future-ready solutions for some of the nation’s most critical infrastructure needs.”

This year’s Inc. 5000 honorees have demonstrated exceptional growth while navigating economic uncertainty, inflationary pressure, and a fluctuating labor market. Among the top 500 companies on the list, the median three-year revenue growth rate reached 1,552 percent, and those companies have collectively added more than 48,678 jobs to the U.S. economy over the past three years.

For the full list, company profiles, and a searchable database by industry and location, visit: www.inc.com/inc5000.

“Making the Inc. 5000 is always a remarkable achievement, but earning a spot this year speaks volumes about a company’s tenacity and clarity of vision,” says Mike Hofman, editor-in-chief of Inc. “These businesses have thrived amid rising costs, shifting global dynamics, and constant change. They didn’t just weather the storm—they grew through it, and their stories are a powerful reminder that the entrepreneurial spirit is the engine of the U.S. economy.”

Methodology

Companies on the 2025 Inc. 5000 are ranked according to percentage revenue growth from 2021 to 2024. To qualify, companies must have been founded and generating revenue by March 31, 2021. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2024. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2021 is $100,000; the minimum for 2024 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

A Legacy of Innovation Since 2008

Founded in 2008, Verdek has grown from an early advocate of electric mobility to a turnkey EV infrastructure leader serving over 1,000 clients nationwide. The company offers end-to-end services including site assessment, system design, hardware integration, installation, commissioning, and ongoing maintenance. Verdek manages more than 12,000+ chargers across the country.

Key Projects Driving Impact

• New York City – Deployment of public charging solutions supporting urban decarbonization and municipal public transit electrification.
• California – Multi-year procurement contract with California DGS/CMAS, that allows the streamlining of the EV infrastructure purchases for over 2,000 public agencies.
• Texas – Fleet electrification projects for municipalities, transit agencies, and regional operations.
• Nevada – Highway corridor fast charging installations to boost tourism, freight efficiency, and long-distance EV travel.
• Connecticut – Electrification of public transit.

Powering America’s Clean Mobility Future

Partnering with industry leaders, Verdek delivers scalable, compliant, and future-ready EV solutions for government agencies, enterprise clients, and commercial businesses nationwide.

About Inc.

Inc. is the leading media brand and playbook for entrepreneurs and business leaders shaping our future. Through journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com. 

About Verdek

Verdek LLC is a national leader in EV charging infrastructure and sustainable transportation solutions. Since 2008, Verdek has delivered turnkey electrification services for government, commercial, and private clients, driving America’s shift to zero-emission mobility.

For interviews, project photos, or media inquiries, contact info@verdek.com, call +1 (888) 336-3734. Learn more at www.verdek.com.

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SOURCE Verdek LLC

2025 Quarterly State of the Market Report for PJM: January through June

EAGLEVILLE, Pa., Aug. 14, 2025 /PRNewswire/ — PJM Interconnection’s wholesale electric energy market produced competitive results during the first six months of 2025, according to the 2025 Quarterly State of the Market Report for PJM: January through June released today by Monitoring Analytics, LLC, the Independent Market Monitor for PJM.

The Independent Market Monitor, Joseph Bowring, announced findings of the report today. The report is the Independent Market Monitor’s assessment of the competitiveness of the wholesale electricity markets managed by PJM in 13 states and the District of Columbia. The report includes analysis of market structure, participant behavior and market performance for each of the PJM markets.

“Our analysis concludes that the results of the PJM Energy Market were competitive in the first six months of 2025,” Bowring said. “Our analysis concludes that the results of the capacity market auction for the 2025/2026 Delivery Year were not competitive.”

Energy prices increased in the first six months of 2025, from the first six months of 2024. The real-time load-weighted average LMP in the first six months of 2025 increased $20.05 per MWh, or 63.2 percent from the first six months of 2024, from $31.70 per MWh to $51.75 per MWh.

Of the $20.05 per MWh increase, $11.61 per MWh (57.9 percent) was in the fuel and consumables cost components of LMP, $3.15 per MWh (15.7 percent) was in the transmission constraint penalty factor component of LMP, $1.52 per MWh (7.6 percent) was in the market power components of LMP, –$0.19 per MWh (-1.0 percent) was in the emissions cost components of LMP, and $1.68 per MWh (8.4 percent) was in the scarcity component of LMP. The pre-emergency demand response called on by PJM during the hot weather days in June increased the LMP by $1.25 per MWh, 6.2 percent of the increase in LMP. The LMP increase would have been higher if PJM had not imposed a $3,700.00 per MWh administrative cap. The administrative cap reduced the LMP by $0.17 per MWh, a 0.9 percent decrease.

The total cost of wholesale power increased $22.30 per MWh, or 41.4 percent, from $53.86 per MWh in the first six months of 2024 to $76.15 per MWh in the first six months of 2025. Energy (64.6 percent), capacity (8.4 percent) and transmission charges (24.7 percent) are the three largest components of the total cost of wholesale power, comprising 97.7 percent of the total cost per MWh in the first six months of 2025. Starting in the third quarter of 2019, the cost of transmission per MWh of wholesale power has been higher than the cost of capacity.

Energy prices in PJM in the first six months of 2025 were set, on average, by units operating at, or close to, their short run marginal costs, although this was not always the case. This is evidence of generally competitive behavior and competitive market outcomes, although high markups for some marginal units did affect prices.

The real-time hourly average load in the first six months of 2025 increased by 3.6 percent from the first six months of 2024, from 87,764 MWh to 90,914 MWh.

In the first six months of 2025, generation from coal units increased 18.2 percent, generation from natural gas units decreased 3.0 percent, generation from oil units increased 35.6 percent, generation from wind units increased 5.6 percent, and generation from solar units increased 49.0 percent compared to the first six months of 2024.

Net revenue is a key measure of overall market performance as well as a measure of the incentive to invest in generation to serve PJM markets. Theoretical energy market net revenues increased by 37 percent for a new combustion turbine (CT), increased by 42 percent for a new combined cycle (CC), increased by 192 percent for a new coal plant (CP), increased by 54 percent for a new nuclear plant, increased by 688 percent for a new diesel (DS), increased by 67 percent for a new onshore wind installation, increased by 67 percent for a new offshore wind installation and increased by 67 percent for a new solar installation.

Total energy uplift charges increased by $398.5 million, or 235.2 percent, in the first six months of 2025 compared to the first six months of 2024, from $169.5 million to $568.0 million.

When there are binding transmission constraints and locational energy price differences, customers pay more for energy than generation is paid to produce that energy. The difference is congestion revenue. Congestion revenue belongs to customers and should be returned to customers. Total congestion increased by $563.2 million or 80.3 percent, from $701.5 million in the first six months of 2024 to $1,264.7 million in the first six months of 2025. Only 55.8 percent of total congestion paid by customers for the 2024/2025 planning period was returned to customers through the ARR and self-scheduled FTR revenues offset. The goal of the FTR market design should be to ensure that customers have the rights to 100 percent of the congestion that customers pay. Customers have received $4.9 billion less in congestion revenues than customers should have received, from the 2011/2012 planning period through the 2024/2025 planning period, as a result of flaws in the PJM FTR market design.

The Independent Market Monitor (also known as the IMM, the Market Monitoring Unit or the MMU) evaluates the operation of PJM’s wholesale markets to identify ineffective market rules and tariff provisions, proposes improvements to market rules and tariff provisions when needed, monitors compliance with and implementation of the market rules, identifies potential anticompetitive behavior by market participants and provides comprehensive market analysis critical for informed policy and decision making. Joseph Bowring, the Market Monitor, ensures the independence and objectivity of the monitoring program.

For a copy of the State of the Market Report, visit Monitoring Analytics at: https://www.monitoringanalytics.com/reports/PJM_State_of_the_Market/2025.shtml

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SOURCE Monitoring Analytics, LLC

BEIJING, Aug. 14, 2025 /PRNewswire/ —

Editor’s Note:

August 15 marks the National Ecology Day. During an inspection tour to Yucun village, Anji county in East China’s Zhejiang Province on August 15, 2005, Xi Jinping, then secretary of the Zhejiang Provincial Committee of the Communist Party of China (CPC), for the first time put forward the concept of “lucid waters and lush mountains are invaluable assets.” 

Since the 18th CPC National Congress, ecological civilization has been placed in the country’s “five-sphere” integrated plan. The concept has become the core philosophy and action framework for China’s eco-civilization construction, ushering in a new chapter for China’s ecological civilization. Guided by this philosophy, the country has achieved historic, transformative, and comprehensive changes in ecological and environmental protection, which has become a distinctive feature of the historic accomplishments and transformations in the cause of the Party and the country.

The book series of Xi Jinping: The Governance of China includes several important speeches on ecological construction. Chinese President Xi’s directive on China’s first National Ecology Day in 2023 is included in Volume V of the book series. President Xi said “I hope our whole society acts now to promote and apply the concept that lucid waters and lush mountains are invaluable assets. Through solid and sustained efforts, we will make a greater contribution to building a clean and beautiful world.”

In the 10^th installment of the special series “Decoding the Book of Xi Jinping: The Governance of China,” the Global Times, along with People’s Daily Overseas Edition, explores the theme: China’s innovative approach in ecological conservation and its global impact. We continue to invite Chinese and foreign scholars, translators of Xi’s works, practitioners with firsthand experience, and international readers to discuss how the concept of “lucid waters and lush mountains are invaluable assets” and relevant practices contribute to sustainable development, global ecological governance and building a community with a shared future for humanity.

In the 10th article of the “Translators’ Voices” column, Global Times (GT) reporter Wang Wenwen interviewed Dr. Khosraw Ubaidy (Ubaidy), who was a member of the editorial committee of translators of the Dari edition of the book series Xi Jinping: The Governance of China.

GT: The newly published volume V of the book series Xi Jinping: The Governance of China included Xi’s directives on the first National Ecology Day in 2023, in which he expressed hope that the whole society acts now to promote and apply the concept that lucid waters and lush mountains are invaluable assets. The concept has become a guiding principle for China’s ecological civilization construction, clarifying the relationship between economic development and environmental protection. From your perspective, what specific policies has China implemented to balance ecological protection and economic growth? How can this guiding principle and these specific policies provide lessons for global sustainable development?

Ubaidy: China’s famous saying, “lucid waters and lush mountains are invaluable assets,” isn’t just a concept – it presents a fundamental shift in how development should work. Instead of sacrificing nature for short-term economic gains, China has developed policies that treat the environment as invaluable assets. Take the “ecological red lines” program, which protects nearly a third of the country’s land from destructive development. Or consider China’s substantial investments in solar and wind power, demonstrating that cutting emissions doesn’t mean sacrificing growth. Even heavy industries now face strict pollution controls, while rural areas profit from eco-tourism and organic farming, turning untouched landscapes into sustainable sources of income.

What’s revolutionary here is the mind-set: economic progress and environmental health aren’t enemies – they’re partners. China’s approach shows that developing countries can leapfrog non-clean phases of growth entirely. For Global South nations, this is a game-changer. Why repeat the mistakes of coal-dependent 20th-century development when today’s tech allows cleaner paths? China’s model proves that protecting forests, rivers, and farmland isn’t anti-growth – it’s the only growth that lasts. The lesson? True prosperity isn’t just GDP numbers; it’s breathable air, drinkable water, and stable climates. As climate disasters escalate, this isn’t just China’s strategy – it’s the world’s necessary future.

GT: In his speech at a national conference on ecological and environmental protection in 2023, Xi emphasized that the Party’s overall leadership must be upheld and strengthened. The five volumes of the book series Xi Jinping: The Governance of China provide elaboration on ecological civilization. How do you view the leadership role of the CPC Central Committee with Comrade Xi Jinping at its core, in the construction of China’s ecological civilization?

Ubaidy: Viewed from a governance and philosophical perspective, the leadership of the CPC Central Committee with Comrade Xi Jinping at its core frames ecological civilization not merely as an environmental policy, but as a developmental paradigm that binds ecological, economic, social, and political objectives into a single continuum. President Xi’s leadership, as articulated in the book on Xi Jinping Thought on Ecological Civilization and echoed in Xi Jinping: The Governance of China, elevates top-level design, long-term planning, and cross‑sector coordination to ensure that ecological goals become systemically embedded in law, finance, industry, and regional development.

GT: China has put forward a new development philosophy of innovative, coordinated, green and open development for all, incorporating the “dual carbon” goals (peak carbon and carbon neutrality) into its national strategy. How do these top-level designs reflect the core of China’s high-quality development and ecological civilization construction?

Ubaidy: China’s new development philosophy, alongside its “dual carbon” goals, has redefined economic and social priorities by embedding sustainability into the core of growth. Innovation now drives high-value sectors like AI and renewables, reducing reliance on low-end manufacturing, while coordinated development bridges regional disparities through strategic infrastructure and supply chain integration. Green transformation enforces strict ecological accountability, scaling renewable energy (solar/wind capacity surpassing 1,200 GW) and penalizing high-pollution industries, reflecting a shift from GDP-centric growth to “ecological civilization.” Openness, under the dual-circulation model, strengthens domestic demand while positioning China as a leader in global green tech, evidenced by its dominance in EVs and battery production. The “dual carbon” targets act as structural discipline, accelerating coal phase-outs and carbon trading to align growth with decarbonization. This top-down redesign synthesizes Marxist dialectics with ecological modernity, shaping development as a sustainable recalibration of China’s civilizational trajectory where economic vigor and environmental stewardship are inextricably linked.

GT: In 2013, Xi mentioned in his congratulatory message to the Eco Forum Annual Global Conference Guiyang that leave to future generations a working and living environment with a blue sky, green fields and clean water. In his inspection tour at the Qinling Mountains in Niubeiliang National Nature Reserve in northwest China’s Shaanxi Province in 2020, Xi said that ecological conservation and environmental protection are contemporary causes that will benefit many generations to come. What is your understanding of this long-term perspective?

Ubaidy: China’s long-term ecological governance philosophy centers on ecological civilization – a holistic, value-driven framework that ties development to the health of the natural world. This treats nature not as a mere resource but as a common inheritance and a bedrock of social justice and human well-being, embodying intergenerational responsibility and harmony between people and the environment.

Practically, it rests on a systematic governance architecture: the integrated plan, cross-department coordination, ecological red lines, and market-based tools like carbon trading, all aimed at achieving carbon peaking by 2030 and carbon neutrality by 2060. It fuses green finance, clean technology, and public participation to mobilize both markets and communities. The approach seeks to stabilize ecosystems, improve living environments, and sustain inclusive growth, building resilience in the face of climate and ecological risks.

In sum, China’s ecological governance combines a dignified, future-oriented philosophy with a robust, multi-level institutional toolkit, pursuing sustainable prosperity while honoring the planet’s finite boundaries.

GT: President Xi proposed the concepts of “strengthening biodiversity conservation” and “building a community of all life on the Earth,” and called on all countries to work together to address challenges such as biodiversity loss and ecosystem degradation. How do you evaluate this approach to transforming ecological values into international action? In the current international political climate, how can China cooperate with more countries in the ecological field?

Ubaidy: Xi’s proposals ground biodiversity protection in a universal ethic of stewardship and interdependence, turning ecological values into international norms that unite diverse publics around shared stakes rather than ideological lines. The idea of a “community of all life” echoes cosmopolitan duties and intergenerational justice: Today’s choices shape tomorrow’s life support systems.

To translate values into action, China can leverage multiple channels: strengthen global governance by embedding biodiversity in multilateral frameworks, align targets with the Sustainable Development Goals, and establish clear, science-based metrics; promote openness and cooperation through joint research, technology transfer, capacity building, and open data sharing; mobilize finance and incentives via green finance, biodiversity focused investments, debt relief for biodiversity projects, and mechanisms that invite private-sector participation; and engage civil society and culture through education, media, and science to sustain public support. To broaden buy-in, China can lead by example, honor diverse responsibilities, invite inclusive dialogue, and offer win-win partnerships that deliver concrete biodiversity gains while advancing development and energy transition.

View original content:https://www.prnewswire.com/news-releases/translators-voices-two-mountains-concept-presents-a-fundamental-shift-in-how-development-should-work-global-times-302530348.html

SOURCE Global Times

DELRAY BEACH, Fla., Aug. 14, 2025 /PRNewswire/ — The global environmental remediation market is projected to grow from USD 141.87 billion in 2025 to USD 210.56 billion by 2030, at a CAGR of 8.2% according to a new report by MarketsandMarkets™. The environmental remediation market is expanding as advanced technologies like bioremediation, nanoremediation, and chemical treatments enable more effective and sustainable cleanup of contaminated sites. There is an increasing focus on developing environmentally friendly industries that prioritize pollution control and ecological balance. This shift toward sustainable industrial practices is driving strong demand for innovative remediation solutions worldwide. Key players such as CLEAN HARBORS, INC. (US), WSP (Canada), AECOM (US), Jacobs Solutions Inc. (US), and Tetra Tech, Inc. (US) continue to innovate, positioning the market for substantial growth in the coming years.

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Browse in-depth TOC on “Environmental Remediation Market“

223 – Tables
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268 – Pages

Environmental Remediation Market Scope:

By technology, the bioremediation segment is expected to hold the largest market share and grow at a high rate till 2030

Bioremediation holds the largest share of the environmental remediation market and is expected to grow rapidly because of its sustainable, cost-effective, and environmentally friendly approach to cleaning contaminated sites. This technology uses naturally occurring or engineered microorganisms to break down hazardous pollutants such as hydrocarbons, pesticides, and heavy metals in soil and groundwater. It is particularly appealing for large-scale remediation projects in both developed and developing areas where reducing ecological impact and costs is a priority. Increasing regulatory support for green technologies and rising focus on low-impact remediation solutions further drive demand for bioremediation. Its versatility across different site types—industrial, agricultural, oil & gas, and landfills—contributes to its widespread use. With ongoing advancements in microbial formulations and in-situ treatment methods, bioremediation is poised to stay a leading and rapidly growing segment in the remediation technology field.

The private site type will hold the largest market share during the forecast period

The private site segment holds the largest share of the environmental remediation market, fueled by significant involvement from industries, commercial real estate developers, and private landowners. Manufacturing facilities, oil & gas refineries, chemical plants, and other industrial operations are often situated on privately owned lands that have experienced long-term contamination. With rising regulatory enforcement, environmental liability risks, and an increased focus on ESG compliance, private companies are prioritizing site remediation to avoid legal penalties and protect their reputation. Additionally, the surge in brownfield redevelopment projects by private real estate firms is increasing demand for soil and groundwater remediation to ready contaminated land for commercial use. The availability of private capital, collaborations with environmental consulting firms, and a strong emphasis on operational sustainability ensure ongoing investment in remediation activities on private properties.

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The North American market is projected to grow at a significant rate till 2030

North America leads the global environmental remediation industry, mainly due to its well-established regulations and strong policies. The US EPA enforces cleanup efforts via programs like Superfund and Brownfields, requiring contaminated sites to be cleaned before redevelopment. The region’s history of heavy industry, mining, and oil & gas activities has led to significant contamination, supporting steady demand for remediation. Leading US and Canadian environmental firms promote innovation and advanced technologies. It hosts major corporations like AECOM, Clean Harbors, Tetra Tech, and Jacobs Solutions. North America’s mature, regulated market is driven by strict laws, legacy contamination, and public awareness. Many industrial, mining, and chemical sites remain focal points, utilizing technologies like pump-and-treat, soil vapor extraction, in-situ bioremediation, and oxidation.

Key Players

Key companies operating in the environmental remediation companies include CLEAN HARBORS, INC. (US), WSP (Canada), AECOM (US), Jacobs Solutions Inc. (US), and Tetra Tech, Inc. (US).

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SOURCE MarketsandMarkets