LOUISVILLE, KY / ACCESSWIRE / January 11, 2022 / Chara® Solutions, Inc. (NYSE: CHRA) (the “Company”), a leading provider of essential environmental services and by-product sales to the power generation industry, received the Triangle Safety Award Award from Southern Company Technical & Project Solutions (T&PS) for outstanding performance for work performed within the Southern Company system in 2020.
The coveted Triangle Safety Award is presented annually to recognize selected contractors whose safety performance on Southern Company (NYSE: SO) projects meets exceptionally high standards, including:
Reached the first quartile for the safety observation rate thanks to the participation of all (STEP) among the subcontractors of the company of the South AND maintained a minimum STEP observation rate of 5 observations per 1000 working hours every month throughout the year for all work, including subcontracted work.
Maintain 100% participation in project visits and / or site assessments.
Have no safety related corrective action items open and reached the first quartile for timeliness of corrective action execution.
Have no open safety non-compliance report (SNCR) and have reached the first quartile of subcontractors with the fewest SNCRs issued.
Did not cause failure or damage to Southern Company property valued at more than $ 10,000.
The contractor’s total number of working hours must exceed a minimum number in order to qualify for the award.
Charah Solutions is an industry leader in safety excellence with a Total Recordable Incident Rate (TRIR) of 0.36 in 2020 with no wasted time or time-limited injuries and an impressive rate average modification of experience (EMR) over three years of less than 0.7.
In 2020, Charah Solutions completed work at four different Southern Company sites. One of the larger projects included a proposed closure of an approximately 100-acre surface reservoir. The multi-year scope of work includes the installation of a new rail as well as improvements to the existing rail infrastructure and the construction of a large concrete loading bay.
Additionally, over the next several years, as the ponds closed, approximately 2 million tonnes of site ash is expected to be beneficially used in the production of Portland cement. In addition to improving the quality of the finished concrete product, the use of fly ash in concrete products eliminates the need to dispose of fly ash in landfills. In 2020, Charah Solutions recovered and recycled 2.58 million tonnes of coal combustion residues (CCR), saving more than 2.24 million tonnes of CO2 to enter the atmosphere.
“We are honored to receive this prestigious award from the Southern Company in recognition of the uncompromising commitment of our team every day to keep our workplaces and our employees safe,” said Scott Sewell, President and CEO of the management of Charah Solutions. “At Charah Solutions, safety is a fundamental value and an integral part of our culture. Congratulations to our project teams for this exceptional recognition.”
Charah Solutions receives the Southern Company Triangle Safety Award for Construction Safety Excellence on Technical & Project Solutions (T&PS) projects.
About Charah Solutions, Inc.
With 30 years of experience, Charah Solutions, Inc. is a leading provider of environmental services and by-product sales to the power generation industry. Headquartered in Louisville, Ky., Charah Solutions assists utilities and independent power producers in all aspects to sustainably manage and recycle the ash byproducts generated by burning coal in power generation. . The Company also designs and implements solutions for the management and closure of ash ponds, the construction of landfills, the sale of fly ash and structural backfill projects. Charah Solutions is the partner of choice in solving customers’ most complex environmental challenges, and as an industry leader in quality, safety and compliance, the company is committed to reducing gas emissions at greenhouse effect for a cleaner energy future. For more information, please visit https://charah.com/ or download our 2020 Environmental, Social and Governance (ESG) report at www.charah.com/sustainability.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included in this press release press that deal with activities, events or developments that the Company expects, believes or anticipates will occur or may occur in the future are forward-looking statements. These forward-looking statements are identified by the use of terms and expressions such as “may”, “expect”, “estimate”, “plan”, “plan”, “believe”, “intend to” , “Achievable”, “anticipate,” “will”, “continue”, “potential”, “should”, “could”, and similar terms and expressions. These statements are based on certain assumptions made by the Company on the basis management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors deemed appropriate.These statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those suggested or expressed by forward-looking statements. See Company Form 10-K for the year ended December 31, 2020 and other reports perished odiques filed with the Securities and Exchange Commission for more information on risk factors.
Any forward-looking statement speaks only as of the date on which such statement is made, and the Company assumes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events. or otherwise, unless required by applicable law.
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