Month: September 2025

15-year plan aims to eliminate tens of thousands of vacant properties, restore neighborhood housing markets—making it the largest community investment initiative in the city’s history

BALTIMORE, Sept. 24, 2025 /PRNewswire/ — Amid a growing national housing shortage, Baltimore is leading the nation’s most ambitious housing redevelopment program – supported by $1.2 billion in public investment commitments – and is aiming to leverage an additional $5 billion in private-sector financing, according to the Greater Baltimore Committee (GBC). This comprehensive, 15-year strategy will initially revitalize more than 37,000 vacant or at-risk properties, tipping market conditions for private development across an additional 33,000 houses and lots.

“This initiative demonstrates the strength and alignment of our region in addressing vacancy at scale,” said Mark Anthony Thomas, president of the GBC. “As a core economic development priority, the public dollars committed to this effort are designed to catalyze significant private-sector investment, grow our population, and strengthen neighborhoods. By bringing together civic leadership, private capital, and community partners, Baltimore is setting a new national benchmark for city revitalization.”

Unlike programs focused on single buildings, Baltimore’s strategy addresses vacancy at the block level—recognizing that housing stability, neighborhood vitality, and quality public spaces go hand in hand. In addition to revitalizing homes, the intention is to align investments in infrastructure, commercial corridors, parks, and community spaces, taking a holistic approach to neighborhood renewal. The work is being led by the GBC, the Mayor’s Office, and BUILD Baltimore, and is being coordinated through Reinvest Baltimore, which Gov. Wes Moore established via executive order in October 2024. 

“Baltimore is proving what’s possible when a city invests boldly in its future,” said Baltimore Mayor Brandon Scott. “With over a billion dollars in public funding, strong private-sector partnerships, and deep community engagement, we’re not just reducing the number of vacant homes—we’re transforming entire neighborhoods and creating lasting economic opportunity for our residents.”

To date, the effort has secured:

• $300 million from the City of Baltimore, including a first-of-its-kind affordable housing tax increment financing (TIF) program. This tool uses future increases in property tax revenue from revitalized areas to fund improvements today, accelerating redevelopment.
• $900 million from the State of Maryland, pledged over the coming years to support housing and neighborhood reinvestment.

Together, these commitments mark essential steps toward reaching $3 billion in public funding over the next 15 years.

“We’re committed to transforming Baltimore’s neighborhoods by addressing vacancy with urgency and precision,” said Secretary Jake Day, Maryland Department of Housing and Community Development. “We’re not just filling empty houses—we’re building stronger, safer, and more connected communities through collaboration at both the local and statewide level.”

Public Financial Management Systems (PFM), a national consulting firm that advises governments on fiscal strategy, projects more than $7.3 billion in economic value from the program over the next 30 years, driven by increased tax revenue, job creation, and rising property values. The plan for private sector investment, developed by Forsyth Street Advisors, suggests multiple funding structures, including innovative tools like shared-appreciation mortgages and scattered-site rental loans for small developers. PNC, Bank of America, JPMorganChase, and T. Rowe Price are already engaged in the effort, and GBC is leading the development of a strategy to secure additional private-sector commitments through a new family of funds. 

This week, GBC issued a Request for Information (RFI) to find a partner to design a private capital strategy that directs funds to support this mission. GBC and its partners aim to mobilize capital through a structured set of investment vehicles that align with both market realities and public priorities.

Baltimore’s approach builds on the proven success of ReBUILD Metro in East Baltimore, which focused on whole-block revitalization. Over the last two decades, ReBUILD Metro has invested over $125 million in East Baltimore, remediating over 500 vacant properties and lots into new homes and assets – reducing vacancy by over 90% in the first two focus areas and substantially increasing both neighborhood population and average home values, without displacing existing residents. Originally funded through philanthropic support, the program is now scaling with state funds, providing a tested model for this citywide effort.

About the Greater Baltimore Committee
The Greater Baltimore Committee (GBC) is the leading economic and civic organization for the Baltimore Region, providing insightful economic and civic leadership to drive collective impact. GBC is powered by more than 300 private sector partners, including large, mid-size, and small companies; nonprofits; foundations; and educational and healthcare institutions, the GBC is dedicated to fostering the prosperity of the Greater Baltimore region. Founded in 1955, the GBC merged in 2022 with the Economic Alliance of Greater Baltimore—an organization that marketed the region for business investments—and hired its first new leader in more than two decades. In 2024, GBC launched the “Bold Moves” initiative, a new economic brand designed to showcase the region’s ambition, innovation, and momentum in attracting business and talent to Greater Baltimore.

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SOURCE Greater Baltimore Committee

Fourth annual report highlights continued progress in sustainable innovation, safety, and responsible resource stewardship

BUFFALO GROVE, Ill., Sept. 24, 2025 /PRNewswire/ — Advancion Corporation (“Advancion” or “Company”), a global leader in life science buffers and proprietary specialty ingredients, today announced the release of its 2024 Corporate Sustainability Report, available at advancionsciences.com/sustainability.

Now in its fourth year of comprehensive sustainability reporting, Advancion continues to strengthen its commitment to transparency, accountability, and measurable impact. The 2024 report theme, “Driven by Science. Designed for the Future,” underscores how Advancion integrates sustainability into innovation, operations, and stakeholder relationships to create long-term value.

Key highlights from Advancion’s 2024 report include:

• Sustainable product innovation – Launched multiple new multifunctional ingredient platforms, including ELEVANCE™ ELITE Bio65, a 50% bio-based amino alcohol for beauty and personal care, and CORRGUARD™ SA-100, an emulsifier with 72% renewable raw material content for metalworking fluids. These together with the new OPTIMINE™ and ELEVANCE™ ULTRA product lines deliver next-generation performance while reducing overall environmental impact across several consumer and industrial markets.
• Life sciences advancement – Through Expression Systems, an Advancion company, introduced a scalable baculovirus expression vector system (BEVS) platform that enhances productivity for advanced therapies—demonstrating the Company’s role in enabling biotechnology innovation.
• Safety leadership – For the second consecutive year, Advancion’s Sterlington, Louisiana, and Ibbenbüren, Germany manufacturing facilities operated with zero recordable incidents, highlighting its best-in-class safety culture and robust Advancion Management System (AMS).
• Environmental stewardship – Made measurable progress toward 2030 environmental goals with reduced greenhouse gas (GHG) intensity, energy consumption, waste, and water use versus 2020 baselines.
• Positive impact – In 2024, 53% of total revenues came from products that positively impact health, minimize waste, or improve environmental performance.

“Our 2024 Sustainability Report reflects both our measurable progress and the deeper values driving our actions,” said David Neuberger, President and Chief Executive Officer. “From advancing renewable chemistry to expanding safety leadership and reducing our environmental footprint, we are proving that progress and responsibility go hand-in-hand. Sustainability is no longer optional—it is embedded into every decision we make, every innovation we launch, and every relationship we build. We remain focused on delivering long-term value to our customers, employees, and communities while safeguarding the health of our planet.”

For more information about Advancion’s sustainability platform and to download the 2024 Corporate Sustainability Report, visit advancionsciences.com/sustainability.

ABOUT ADVANCION
Advancion is a leading global producer of specialty ingredients and consumables for biotechnology, pharmaceuticals, home and personal care, and other consumer-oriented and industrial markets. The Company is one of the world’s largest producers of life sciences buffers and other proprietary ingredients, providing high-performance products, best-in-class quality and guaranteed supply security for more than 80 years. Through Expression Systems, an Advancion company, the Company produces innovative cell culture media formulations, cell lines, molecular tools and reagents used in the development and commercial manufacturing of advanced therapies. Advancion operates three manufacturing facilities in the U.S. and Germany and serves its global customers through six regional Customer Application Centers located in Chicago, Illinois; Paris, France; São Paulo, Brazil; Singapore; Shanghai, China; and Mumbai, India. The Company is privately owned by Ardian and Golden Gate Capital, and is headquartered in Buffalo Grove, Illinois. For more information, visit advancionsciences.com.

Follow Advancion on LinkedIn

FOR ADDITIONAL INFORMATION
Advancion Media Relations
Scott C. Johnson
+1 847-808-3769
scjohnson@advancionsciences.com

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SOURCE Advancion Corporation

Recognition underscores Bechtel’s worldwide impact and drive to build a better future

RESTON, Va., Sept. 24, 2025 /PRNewswire/ — Fortune, a global multiplatform media company, this week named Bechtel to its 2025 Change the World list, which recognizes companies that integrate social and environmental impact into their core business strategies and operations as essential drivers of innovation and growth. Read more about Bechtel’s award and the Fortune Change the World list.

Bechtel was highlighted in part for its Low Energy Ejector Desalination System (LEEDS), an energy-efficient process that recycles industrial wastewater into a reusable resource for farms, industry, and communities. By making water reuse more accessible and affordable, LEEDS offers a sustainable alternative to conventional desalination, which is often too energy-intensive and costly for regions facing water stress. The pilot has demonstrated:

• Up to 50% reduction in energy use compared to traditional desalination
• 400 barrels of produced water treated per day during 2024 operations in the Permian Basin
• Full achievement of targets for recovery, energy efficiency, and water quality

“Our purpose has always been bigger than the projects we deliver,” said Brendan Bechtel, Chairman and CEO at Bechtel. “Bechtel’s legacy is defined by taking on the world’s toughest challenges and delivering results that transform communities and industries. What truly sets Bechtel apart is its people—the extraordinary teams who tackle the impossible and achieve what others cannot. We are privileged to do this work that touches lives around the world.”

Being named to the Fortune Change the World list underscores how business performance and societal impact can be closely linked. The recognition reflects Bechtel’s work with customers, communities, and colleagues to deliver projects that strengthen resilience, advance sustainability, and expand opportunity.

Looking ahead, Bechtel is tackling some of the 21st century’s most pressing challenges: powering the growth of artificial intelligence, advancing energy independence, and securing the critical minerals modern life depends on. From transformative transportation projects such as London’s Elizabeth Line to landmark efforts such as NASA’s Mobile Launcher 2 and the management of America’s national laboratories, Bechtel’s work impacts millions of lives.

Learn more about Bechtel’s projects that have advanced industries and improved lives worldwide.

About Bechtel

Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world’s infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.

Bechtel serves the Energy; Infrastructure; Manufacturing & Technology; Mining & Metals; and Nuclear, Security & Environmental markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com

From Fortune Magazine. © 2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune is a registered trademark of Fortune Media IP Limited and is used under license. Fortune Magazine and Fortune Media (USA) Corporation are not affiliated with, and do not endorse products or services of, Bechtel.

Contact: Ashley Accardo | aaccardo@Bechtel.com

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SOURCE Bechtel

WASHINGTON, Sept. 24, 2025 /PRNewswire/ — Today, Field to Market: The Alliance for Sustainable Agriculture^® announced the release of its fourth Sustainability Commitments Report, alongside updates to its interactive Sustainability Commitments Hub, in recognition of Climate Week. Together, these resources provide a transparent look at the ambitious goals and measurable progress being made by Field to Market’s broad membership across the U.S. agricultural value chain.

Since 2020, Field to Market has compiled and tracked its members’ targeted and aspirational sustainability commitments. This year’s report highlights commitments, including SBTi commitments, to reduce greenhouse gas emissions, advance regenerative agriculture, improve water quality, and foster resilient ecosystems, while underscoring the urgent need for collective action to meet the challenges of a changing climate.

63% (118) of Field to Market’s members have now made public sustainability commitments, signaling strong momentum across the value chain.

“On my farm and across U.S. agriculture, resilience is built through stewardship, constant learning, and a willingness to adapt,” said Carrie Vollmer-Sanders, President of Field to Market. “This year’s report and hub updates demonstrate that while we’ve made meaningful progress, no farmer, company, or organization can do this work alone. It takes all of us—working together—to deliver lasting impact for farms, communities, and ecosystems.”

Field to Market equips its members with a suite of science-based and industry-recognized tools—including the Fieldprint Platform^®, sustainability indicators, and Regenerative Agriculture Guidance—to help them achieve their goals, track their Scope 3 emissions, and drive measurable improvements across the agricultural landscape.

Explore the full 2025 Sustainability Commitments Report and interactive Sustainability Commitments Hub here: https://fieldtomarket.org/publications/sustainability-commitments/

ABOUT FIELD TO MARKET

Field to Market: The Alliance for Sustainable Agriculture^® brings together a diverse group of grower organizations; agribusinesses; brands and retail companies; conservation groups; universities and public sector partners to focus on defining, measuring, and advancing the sustainability of food, feed, fiber, and fuel production. Field to Market comprises nearly 190 members representing all facets of the U.S. agricultural supply chain. Learn more about Field to Market here: https://fieldtomarket.org/.

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SOURCE Field To Market

SAUSALITO, Calif., Sept. 24, 2025 /PRNewswire/ — UpTerra, a fast-growing ag-tech company delivering dynamic water-enhancing technology to farmers, today announced the appointment of Debra Baker as Chief Financial Officer. 

Based in Sausalito California, Baker will oversee UpTerra’s finance, accounting and control operations and assist in building the company’s team and infrastructure to support overall scalability during a period of rapid growth. She will report directly to Steve Birch, UpTerra’s CEO. 

“I’m excited to join UpTerra when the company’s growth is accelerating so rapidly as it delivers its unique service to farmers, generating strong economic results while making our crops more nutrient dense and improving the resilience of our food system,” said Baker. “I’m passionate about operational efficiency, and I’m looking forward to helping UpTerra scale its unique service.” 

Baker brings more than 25 years of operational, accounting and leadership experience, including senior roles at The Walt Disney Company and as Principal at Deloitte where she led various projects throughout the United States and India. In these positions, she led teams of more than 70 employees. She is highly regarded as a team builder and for driving operational and financial efficiency at scale. 

“Debra brings the skillset, operational excellence, and enthusiasm we need to expand and maximize our benefit to farmers,” said Steve Birch, CEO of UpTerra. “Her ability to design and implement processes, optimize performance and build teams aligns with our commitment to operational excellence as we scale our revolutionary service with farmers.” 

Debra is a graduate of the University of Michigan’s Stephen M. Ross School of Business. 

About UpTerra

UpTerra’s proprietary technology-based services structures irrigation water at the molecular level to instantly reduce surface tension and increase permeability. Proprietary biofrequencies are imprinted into the water and transmitted to the soil and crop. As a result, water permeates soil rapidly, expanding root zone and mass, increasing nutrient uptake, improving soil structure and microbiology, resulting in more resilient and nutrient-rich crops. 

The UpTerra system reduces input costs, improves soil health, and maximizes yield and nutritional quality for conventional, organic and regenerative farms, ultimately improving farm profitability and the quality and resilience of our food supply. Nothing has a greater impact on human health and the health of the planet than how our food is grown.

To learn more, visit www.upterra.co.

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SOURCE UpTerra

AUSTIN, Texas, Sept. 24, 2025 /PRNewswire/ — 1st Commercial Credit, a leading provider of receivables-based financing solutions, has announced the successful funding of a Brazilian produce exporter supplying fresh fruit and vegetables to U.S. buyers. The transaction was facilitated through 1st Commercial Credit’s Vendor Pay Express platform, an innovative early-payment solution designed to accelerate supplier payments while preserving standard invoice terms for buyers.

Solving Cross-Border Cash Flow Challenges

Exporting perishable products requires significant working capital to cover harvesting, packaging, and logistics before payment is received from U.S. buyers. Traditional banks and factoring companies are restricted from financing PACA-related receivables, making timely funding difficult for produce exporters. By using Vendor Pay Express, the Brazilian exporter secures accelerated payments on approved invoices, keeping its supply chain funded and shipments delivered on time.

“Fresh produce exporters face intense pressure to maintain cash flow while meeting the demands of U.S. distributors and retailers,” said Raul Esqueda, President of 1st Commercial Credit. “Vendor Pay Express bridges this gap by paying exporters promptly, while giving buyers the comfort of keeping their negotiated credit terms.”

How Vendor Pay Express Works

The Vendor Pay Express platform allows suppliers to submit invoices electronically. Once approved by the U.S. buyer, payment is accelerated to the exporter, and a replacement invoice is generated to the buyer. This ensures:

• Early payment for the exporter, eliminating working capital strain.
• No change in terms for the U.S. buyer, who continues to pay on their usual schedule.
• Strengthened supply chain reliability, as growers and packers in Brazil are paid faster.

Expanding Market Reach

The facility stabilizes cash flow for the Brazilian exporter while enabling larger purchase orders and broader U.S. distribution. With Vendor Pay Express able to approve PACA receivables, Brazilian and other foreign companies selling to U.S. buyers can qualify, giving importers consistent supply, stronger vendor relationships, and streamlined payment processing.

“Vendor Pay Express is more than funding—it’s a compliant platform that builds trust between international suppliers and U.S. buyers,” said Raul Esqueda, President of 1st Commercial Credit.

About 1st Commercial Credit

1st Commercial Credit is a leading invoice factoring company providing receivable-based financing, purchase order financing, and supply chain solutions to businesses across the United States and internationally

For more information about Vendor Pay Express, call 1 800 876 6071 or Contact Us

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SOURCE 1st Commercial Credit, LLC

DELRAY BEACH, Fla., Sept. 24, 2025 /PRNewswire/ — According to MarketsandMarkets™, the global Green Data Center Market size is projected to reach 155.75 billion by 2030 from about USD 48.26 billion in 2025, at a CAGR of 26.4% from 2025 to 2030.

Browse 303 market data Tables and 60 Figures spread through 339 Pages and in-depth TOC on “Green Data Center Market – Global Forecast to 2030”

Scope of the Report

• Market Size Available for Years: 2020–2030
• 2025 Market Size: USD 48.26 billion
• 2030 Projected Market Size: USD 155.51 billion
• CAGR (2025–2030): 26.4%
• Segments covered: Component, Data Center Size & Capacity, Data Center Type, and Enterprise Data Center.
• Region Highlight:  North America to account for the largest market during the forecast period.

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Green data centers have redefined digital infrastructure by integrating renewable energy, liquid and immersion cooling, and intelligent energy management systems to support sustainability at scale. These innovations deliver higher power usage efficiency, reduced carbon emissions, and compliance with tightening global regulations, driving adoption across hyperscale facilities, colocation providers, and enterprise data centers.

By embedding eco-designed technologies into core operations, green data centers ensure long-term resilience, regulatory alignment, and cost optimization for energy-intensive workloads. This infrastructure enables organizations to power AI-driven applications, cloud services, and high-density computing environments more efficiently, while reducing dependence on fossil fuel-based systems and mitigating environmental impact.

Green air cooling infrastructure segment is expected to hold the largest market share during the forecast period

Green air cooling is expected to become the dominant thermal management solution in data centers, driven by the need for energy efficiency and sustainability. Key components include computer room air handlers (CRAH) and computer room air conditioning (CRAC) units, which utilize chilled water and refrigerant-based systems, respectively, to maintain optimal temperature and humidity levels. These units are enhanced with variable-speed fans, advanced controls, and high-efficiency motors to minimize energy consumption. Eco-friendly air-cooled chillers complement these systems by employing low global warming potential (GWP) refrigerants and incorporating free-cooling modes that use ambient outdoor air, further reducing energy demand. Additional strategies such as hot/cold aisle containment, variable airflow management, and intelligent monitoring systems dynamically adjust cooling based on real-time demand, optimizing efficiency.

Emerging vendors and solution providers have opportunities to capitalize on this trend. Carrier’s investment in ZutaCore, announced in February 2025, exemplifies the industry’s shift toward advanced thermal solutions. The partnership aims to deliver scalable, energy-efficient cooling systems that address the increasing thermal demands of modern data centers. To tap into these opportunities, vendors should develop innovative cooling technologies that enhance energy efficiency and support sustainability objectives. Collaborations with established players, participation in industry partnerships, and continuous innovation will be crucial for gaining a competitive edge in the evolving data center cooling market.

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Software segment is poised for the fastest growth rate during the forecast period

The software segment is expected to exhibit the highest CAGR in the Green Data Center Market, driven by increasing demand for intelligent automation, energy optimization, and regulatory compliance. Data center infrastructure management (DCIM) software provides comprehensive real-time visibility into power usage, cooling efficiency, server utilization, and environmental conditions, enabling operators to identify inefficiencies, optimize resource allocation, and maintain high availability. Building management systems (BMS) integrate electrical, mechanical, and HVAC systems, automating energy-efficient operations across the facility while regulating lighting, temperature, and airflow to reduce waste and improve cooling efficiency.

Compliance software ensures adherence to environmental standards, industry regulations, and sustainability certifications such as LEED or ISO 50001, automating reporting and facilitating audits to provide transparency and accountability. Specialized software solutions, including AI-driven predictive workload management and energy analytics platforms, dynamically adjust cooling, power distribution, and IT workloads based on real-time demand, minimizing environmental impact and reducing operational costs. Emerging vendors and solution providers can capitalize on this growth through strategic partnerships and technology integration. For instance, in August 2025, Vertiv acquired Waylay NV, a Belgium-based AI-powered software provider, to enhance monitoring, optimization, and operational efficiency across its data center systems. By developing innovative software solutions, collaborating with established players, and leveraging AI and analytics capabilities, vendors can deliver sustainable, efficient, and regulatory-compliant green data center operations while tapping into high-growth market opportunities.

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North America to account for the largest market during the forecast period

North America is experiencing measurable expansion in green data center activity driven by corporate decarbonization mandates, rising onsite power costs, and the need to deploy higher-density computing with lower water and energy intensity. According to the US Energy Information Administration, June 2025, solar power generation in the US increased by 25% in 2024, while wind power generation grew by 8%, improving access to low-carbon electricity for hyperscalers and colocation campuses. Additionally, Schneider Electric announced collaborative AI data center reference designs with NVIDIA in December 2024 that enable liquid cooling at densities up to 132 kilowatts per rack, illustrating supplier responses to higher rack power and efficiency requirements.

Federal and commercial developments in 2024 and 2025 are reshaping procurement timelines and technical requirements. The White House issued an executive order in July 2025 to accelerate federal permitting of large data center projects and supporting infrastructure. By streamlining approvals for facilities above 100 megawatts or with capital expenditures of at least USD 500 million, the order directly supports faster deployment of next-generation green data centers, enabling quicker integration of renewable power, liquid cooling systems, and energy-efficient designs. Schneider Electric introduced and validated new electrical and liquid cooling reference designs through 2024 and into 2025, creating repeatable deployment pathways for integrators and owners. Vendors and solution providers should prioritize prevalidated liquid cooling stacks, modular electrical skids, facility-level heat recovery, and enhanced DCIM to meet immediate procurement demands under faster permitting regimes and greater availability of renewable power.

Top Key Companies in Green Data Center Market:

The major players in the Green Data Center Market include Schneider Electric (France), Vertiv (US), Eaton (US), Daikin (Japan), ABB (Switzerland), Delta Electronics (Taiwan), Siemens (Germany), Carrier (US), and GE Vernova (US).

Browse Adjacent Markets: Data Center and Networking Market Research Reports & Consulting

Related Reports:

Data Center Power Market – Global Forecast to 2030

NOC as a Service Market – Global Forecast to 2030

Edge Data Center Market – Global Forecast to 2030

Data Center Rack Market – Global Forecast to 2030

Network Slicing Market – Global Forecast to 2030

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SOURCE MarketsandMarkets