Nicor Gas expands Reuse Marketplace to Chicagoland Businesses
Rhea-AI Summary
Nicor Gas, in partnership with Rheaply, has expanded its regional Reuse Marketplace to businesses across its Northern Illinois service territory. This expansion follows a successful 2022 pilot and now covers an additional 650 communities. The marketplace facilitates the reuse of surplus inventory and materials from businesses, including furniture, fixtures, and equipment.
During the four-month pilot, the platform saw 137 listings, 198 offers, and 159 completed offers. This resulted in $1.52 million of value created for nonprofit organizations and diverted 80,200 pounds of material from landfills, avoiding approximately 527 kilograms of estimated embodied carbon emissions. Businesses and nonprofits in Nicor Gas' service area can now sign up for the free federated reuse marketplace.
Positive
- Expansion of Reuse Marketplace to 650 additional communities
- $1.52 million of value created for nonprofit organizations during pilot
- 80,200 pounds of material diverted from landfills
- 527 kilograms of estimated embodied carbon emissions avoided
- Free access to the reuse marketplace for businesses and nonprofits in Nicor Gas' service area
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, SO declined 0.32%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Expanded reuse and recycling market opportunities follow successful Rheaply pilot
"As the largest natural gas provider in the state, we believe that a clean energy future is possible when we work together," said Meena Beyers, vice president of Business and Community Development at Nicor Gas. "Our collaboration with Rheaply is another way we can not only deliver the energy our business and nonprofit customers need, but also help with energy-saving resources and sustainability initiatives."
The expansion of the reuse marketplace to all Nicor Gas business customers follows a successful 2022 pilot; Rheaply's platform enabled Nicor Gas to offer surplus assets like Personal Protective Equipment (PPE) through a hyperlocal digital marketplace and sharing network for United Way member organizations. This private sharing approach made it possible for Nicor Gas to quickly connect its surplus assets to vetted and deserving nonprofit organizations that were eager to put those materials to good use.
During the four-month pilot, 137 listings were posted on the Rheaply platform, 198 offers were made and 159 offers were completed. This unlocked a total of
"Being able to extend Rheaply's reach into Nicor Gas' service areas in Western and
Businesses and nonprofits in Nicor Gas'
About Nicor Gas
Nicor Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Nicor Gas serves more than 2.3 million customers in a service territory that encompasses most of the northern third of
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of
View original content to download multimedia:https://www.prnewswire.com/news-releases/nicor-gas-expands-reuse-marketplace-to-chicagoland-businesses-302246950.html
SOURCE Nicor Gas