ASM Global’s Sustainability Conversion of U.S. Venue Portfolio Moves Forward With Voltus Partnership

January 25, 2024

Venue management company and live event producer ASM Global and distributed energy resource (DER) platform and virtual power plant operator Voltus Inc. announced a partnership designed to help ASM Global reduce energy consumption across all its convention and entertainment venues located in wholesale and regulated power markets in the U.S. 

Voltus helps deliver less expensive, more reliable and more sustainable electricity, paying energy users to reduce or shift electricity use in response to grid stress, high prices and high emissions. Its commercial and industrial customers, as well as DER partners, generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency and electric vehicle resources in these markets.

“Consuming clean energy and becoming more efficient is an integral aspect of becoming carbon neutral,” said Doug Thornton, ASM Global executive vice president. “By participating in demand response programs with Voltus, we’re able to reduce energy use during times that are often associated with the highest emissions.” 

Why it matters

Boasting more than 40 sites, ASM Global and its customers comprise the largest collection of certified green venues in the world, including the following convention centers: 

Earlier in 2023, the company’s sustainability arm, ASM Global Acts, announced an ambitious plan to convert its venue portfolio into the most sustainable in the world, reducing energy consumption by 25% by 2030 from 2023’s baseline and becoming carbon neutral by 2050. 

So far, Voltus has been deployed at the David L. Lawrence Convention Center in Pittsburgh and the Pennsylvania Convention Center in Philadelphia, and the number of participating venues will steadily expand as ASM Global deploys the partnership. According to ASM Global officials, multiple convention centers have already been inquiring and initiating engagement with Voltus to learn more about the opportunity since it was first announced internally in November. 

“Participating in demand response with Voltus has been one of the easiest ways to reduce our Scope 2 carbon emissions,” said Ryan Buries, assistant general manager, David L. Lawrence Convention Center. “In addition, we’re able to instantly view avoided emissions to include in our overall sustainability reporting, along with viewing real-time energy consumption both during and outside of dispatches to improve overall energy efficiency efforts.”

Big picture

Todd Krause, chief revenue officer at Voltus, expressed excitement about the partnership, which will help ASM Global and its venues further their energy efficiency and sustainability goals.

“ASM Global’s managed venues are staples within cities and communities,” Krause said. “Now, not only are they getting paid to reduce energy and emissions in those regions for financial, environmental, safety and health benefits, but they’re also supporting the growth of renewable energy.”

He added, “Providing flexible resources to balance the supply variability associated with renewables helps remove barriers to growth of renewable generation. This partnership is a win on multiple fronts.”

Have some sustainable event venue news to share? Reach out to lisa.savas@informa.com.

 

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.