INDIANAPOLIS, Jan. 25,
2022 /PRNewswire/ - Infrastructure and Energy Alternatives,
Inc. (NASDAQ: IEA) "IEA" or the "Company") a leading infrastructure
company with renewable energy and specialty civil expertise, today
announced a new strategic alliance with LOGISTEC USA Inc., a subsidiary of LOGISTEC Corporation
(TSX: LGT.A, LGT.B) ("LOGISTEC"), a cargo handling and marine
services provider with 25 port locations within the United States.
IEA intends to leverage its proven engineering,
procurement, and construction ("EPC") solutions with LOGISTEC's
cargo handling capabilities in support of new utility-scale
offshore wind developments along the U.S. east coast. Both
companies believe this non-exclusive business alliance will result
in improved economies of scale and supply chain efficiencies over
the long-term.
In 2021, the United States Departments of
Interior (DOI), Energy (DOE), and Commerce (DOC) announced a shared
goal to deploy 30 gigawatts (GW) of offshore wind power in
the United States by 2030.
These capacity additions are expected to generate sufficient power
to support more than 10 million American homes annually, while
eliminating approximately 78 million metric tons of CO2
emissions.
As one of the largest utility scale wind
engineering and construction firms in the U.S., IEA will utilize
its logistics expertise to capitalize on the planned, multi-year
investment in offshore capacity additions, leveraging LOGISTEC's
experience as a leader in the handling of specialized wind
components.
"As a leading EPC company serving the domestic
onshore wind industry, IEA is uniquely positioned to capitalize on
a long-term trend toward increased investment in offshore wind
development," stated JP Roehm, CEO of IEA. "We believe this
alliance will allow for improved logistics, supply chain, and
material handling capability along the East Coast corridor where
LOGISTEC has a significant geographic presence, one well-suited to
service planned offshore wind developments in the region."
"This unique partnership between IEA and LOGISTEC will provide
customers with a truly integrated service for the burgeoning
offshore wind market," explained Rodney
Corrigan, President of LOGISTEC USA Inc. "IEA's renowned suite of
specialized services in the renewable energy sector paired with our
field proven wind handling expertise will bring clean energy to
communities in support of a sustainable future for generations to
come."
ABOUT IEA
Infrastructure and Energy Alternatives, Inc. is a
leading infrastructure construction company with renewable energy
and specialty civil expertise. Headquartered in Indianapolis, Indiana, with operations
throughout the country, IEA's service offering spans the entire
construction process. The Company offers a full spectrum of
delivery models including full engineering, procurement, and
construction, turnkey, design-build, balance of plant, and
subcontracting services. IEA is one of the larger providers in the
renewable energy industry and has completed more than 240 utility
scale wind and solar projects across North America. In the heavy-civil space, IEA
offers a number of specialty services including environmental
remediation, industrial maintenance, specialty transportation
infrastructure and other site development for public and private
projects. For more information, please visit IEA's website at
www.iea.net or follow IEA on Facebook, LinkedIn and Twitter for the
latest company news and events.
ABOUT LOGISTEC CORPORATION
LOGISTEC Corporation is based in Montréal (QC)
and provides specialized services to the marine community and
industrial companies in the areas of bulk, break-bulk and container
cargo handling in 54 ports and 80 terminals located in North America. LOGISTEC also offers marine
transportation services geared primarily to the Arctic coastal
trade as well as marine agency services to foreign shipowners and
operators serving the Canadian market. Furthermore, the
company operates in the environmental industry where it provides
services to industrial, municipal and other governmental customers
for the renewal of underground water mains, site remediation,
dredging and dewatering, soils and materials management, risk
assessment, and manufacturing of woven hoses.
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SOURCE Logistec Corporation - Communications
