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Environmental and maintenance service provider for the power generation industry: Charah Solutions, Inc. (CHRA)

Charah Solutions, Inc. (NYSE: CHRA) was founded in 1987 and is headquartered in Louisville, Kentucky, USA, with 1895 full-time employees (6/30/2019). It is a leading supplier of mission-critical environmental and maintenance services for the power generation industry.

Charah Solutions Inc logo

Charah Solutions, Inc. (CHRA):

Charah Solutions provides basic on-site power station services to enable customers to continue operations and provide necessary power to communities across the country. In 2017, the company provided services at 51 coal and nuclear power sites across the country. Charah Solutions is the only power generation service provider that provides coal ash management and recovery, environmental remediation and power outage maintenance services.

Charah Solutions also designs and implements solutions for complex environmental projects (such as ash pond closure), and promotes coal ash recovery through by-product sales and other beneficial use services. Due to the company’s industry-leading quality, safety and compliance records, the company believes it is the preferred partner for the power generation industry.

Since its establishment, Charah Solutions has continued to predict and follow up with customers’ changing environmental needs, increasing the number of companies the company serves, and the company’s embedded presence in power generation facilities. Compared with small service providers, Charah Solutions’ multi-service platform allows customers to obtain multiple required products from a single trusted partner, thereby achieving high efficiency.

Charah Solutions is divided into 2 departments to operate :

1. Environmental Solutions (Environmental Solutions) -This department includes Remediation and Compliance Services (rectification and compliance services) and Byproduct Sales (byproduct sales). Remediation and compliance services are related to customer needs for years of environmental improvement and sustainability initiatives, whether driven by the active participation of power generation customers, regulatory requirements or consumer expectations and standards. Sales of by-products also satisfy the company’s power generation customers’ desire for profitable coal combustion residues (“CCR”) and the company’s ultimate end customers’ desire for high-quality, cost-effective raw material alternatives for beneficial recovery.

2. Maintenance and Technical Services (maintenance and technical services) -including Fossil Services (fossil services) and Nuclear Services (nuclear services). Fossil service is the frequent and critical task management of coal ash for coal-fired power generation facilities. The nuclear power services provided by Charah Solutions under the Allied Power brand name include: daily maintenance of nuclear power plant equipment, power outage services, facility maintenance and staffing solutions.

Charah Solutions, Inc. (CHRA) investment:

Charah Solutions, Inc. (NYSE: CHRA) submitted its IPO prospectus on 5/18/2018 and listed on the NYSE on 6/14/2018. The planned issue price is US$16.00-18.00, the actual issue price is US$12, and 7,352,941 shares are issued. , Raised USD 88,235,300.

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