American Water Geothermal System Receives 2017 EBJ Business Achievement Award

Environmental Business Journal Recognizes Firms for Growth and
Innovation

VOORHEES, N.J.–(BUSINESS WIRE)–American
Water (NYSE: AWK), the largest publicly traded U.S. water and
wastewater utility company, announced today that they have been awarded
the 2017
Environmental Business Journal (EBJ) Business Achievement Award –
Renewable Energy for their innovative geothermal system at William
L. Buck Elementary School in Valley Stream, N.Y.

The EBJ Business Achievement Award honors companies for revenue growth,
acquisitions, innovative project designs, technology applications, new
practice areas, social contributions and industry leadership in 2017.

“We are honored to be recognized for our innovative work on geothermal
energy,” said Walter Lynch, Chief Operating Officer of American Water.
“Our modified geothermal system is able to provide heating and cooling
for a 40,000 square-foot school without utilizing fossil fuels during
the winter. This unique innovation could transform traditional
geothermal systems and introduce a new application in renewable energy
for communities seeking creative and cost-effective approaches to
sustainability.”

The company has taken a creative approach to traditional geothermal
technology and developed a new renewable energy application that will
lower energy costs and reduce a building’s carbon footprint. The
American Water geothermal system allowed the William L. Buck Elementary
School to save 41,000 BTU /square foot/year, and kept the building cool
in the summer and warm in the winter.

The 2017 EBJ awards will be presented at a special ceremony at the
Environmental Industry Summit XVI in San Diego, Calif. on March 21,
2018. The Environmental Industry Summit is an annual three-day executive
retreat hosted by EBI, Inc. and 2020 Environmental Group.

About the EBJ Business Achievement Awards

In October-December 2013, Climate Change Business Journal solicited
nominations for the EBJ Business Achievement Awards. Nominations were
accepted in 200-word essays in either specific or unspecified
categories. Final awards were determined by a committee of EBJ staff and
EBJ editorial advisory board members. (Disclaimer: company audits were
not conducted to verify information or claims submitted with
nominations.)

About EBI

Founded in 1988, Environmental Business International Inc. (EBI, San
Diego, Calif.) is a research, publishing and consulting company that
specializes in defining emerging markets and generating strategic market
intelligence for companies, investors and policymakers. EBI publishes Environmental
Business Journal®, the leading provider of strategic information for
the environmental industry, and Climate
Change Business Journal®, which covers nine segments of the Climate
Change Industry. EBI also performs contract research for the government
and private sector and founded the Environmental Industry Summit, an
annual three-day event for executives in the environmental industry.

About American Water

With a history dating back to 1886, American Water is the largest and
most geographically diverse U.S. publicly traded water and wastewater
utility company. The company employs more than 6,900 dedicated
professionals who provide regulated and market-based drinking water,
wastewater and other related services to an estimated 15 million people
in 46 states and Ontario, Canada. American Water provides safe, clean,
affordable and reliable water services to our customers to make sure we
keep their lives flowing. For more information, visit amwater.com
and follow American Water on Twitter,
Facebook
and LinkedIn.

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Contacts

American Water
Joseph Szafran
External Affairs Manager
856-309-4690
[email protected]