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The Heritage Group Hosts Advancing Circularity in Indiana Symposium

The Heritage Group Hosts Advancing Circularity in Indiana Symposium

INDIANAPOLIS, IN – May 6, 2022 –

More than 160 attendees representing 70 organizations across the state gathered at The Center, The Heritage Group’s state of the art facility on Indy’s northwest side, Friday, May 6, to discuss advancing the circular economy in Indiana. The symposium, co-hosted by The Heritage Group, Circular Indiana, and the Indiana section of the American Chemical Society, was designed to bring Hoosier innovators together to accelerate Indiana’s circular economy. Participants heard from industry leaders and subject matter experts to leverage the group’s collective expertise to support Circular Indiana’s mission to eliminate waste, capture resources and build a sustainable ecosystem. Participants engaged in interactive sessions to identify hard problems we’re facing in achieving circularity in Indiana, barriers to success and new ways of working together to overcome these challenges.

Amy Schumacher, CEO of The Heritage Group, began the day with opening remarks. “Circularity is fundamental to what we do,” Schumacher said. “Whether it’s recycling asphalt back into roads or recycling batteries, this idea of leaving the world in a better place than you found it is who we ultimately are.”  Schumacher introduced Governor Eric Holcomb, who described why now is the time for Indiana to translate its manufacturing growth into advances in the circular economy.  “We have to make sure that, as we’re ushering in these new industries, not only do we have to maximize our resources, but we have to put ourselves in a position that’s sustainable,” the Governor said.

The program came to an end with closing remarks from Indianapolis Mayor Joe Hogsett. “I can’t say enough about The Heritage Group and its leadership in this regard,” Hogsett commented after the event. “I mean, it’s always been the gold standard for Indiana,but I think what is represented by meetings like today — and The Heritage Group’s leadership in this regard— is bringing people together from all over, particularly leaders of government.”

The success of the event reflects the importance of the partnership between private industry and the public sector, which is a key focus of the work The Heritage Group, Circular Indiana and the ACS are doing to innovate and invest in Indiana’s circular economy.

 

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The Heritage Group’s Megan Savage Named to Forty Under 40

The Heritage Group’s Megan Savage Named to Forty Under 40

INDIANAPOLIS, IN – March 25, 2022 –

Megan Savage, Senior Director of Government and Community Affairs for The Heritage Group, was honored as a member of Indianapolis Business Journal’s Forty Under 40 Class of 2022. Forty Under 40 recognizes local business and professional leaders who have achieved success and excelled in their field before the age of 40. Savage joins a class of healthcare professionals, entrepreneurs, lawyers, restauranteurs and executives.

Here’s an excerpt from the IBJ article about this honor. (Read this article on ibj.com.)

After working for then-U.S. Rep. Susan Brooks for nearly 10 years, Megan Savage took a newly created position with The Heritage Group, which manages a portfolio of more than 30 companies specializing in heavy construction and materials, environmental services, and specialty chemicals. Savage’s role at Heritage is multifaceted. She advises internal companies on how government policies might affect their business, provides mentorship to startups going through The Heritage Accelerator and builds The Heritage Group relationship with external parties. “I’m fortunate to be in a role where I get to work with my colleagues across the company to help them solve problems faced by our customers,” she said.

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Age: 39

Hometown: Indianapolis

Family: husband, Cam; sons: Luke (7), Huck (3), Stone (2)

Education: bachelor’s in political science, American University; law degree, IU Robert H McKinney School of Law

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Getting here: Savage started her career as a deputy prosecuting attorney in Marion County, then became chief of staff for Brooks and counsel to the House Committee on Ethics.

First job: Receptionist at Scandals Hair Salon. “It was the best first job and a great education for a 16-year-old. The secrets people share with their hairstylist—wow.”

Proud moment: Participating in a delegation to Iraq in November 2021 to educate their parliament on general operational best practices and how to create ethics rules in a self-governing body. “We have struggles in our democracy in America, but the experience in Iraq showed me that we in America are still the gold standard when it comes to government. People all around the world will fight and struggle for the opportunity to build what we are so lucky to have.”

Watch the video of Megan talking about her proudest career accomplishment here.

Influential person: Her mother, Robyn Moberly (a previous IBJ Women of Influence honoree). “She instilled in me a healthy dose of ambition, helped me navigate professional decisions as they arose, and now, as a mom myself, I realize how she showed me to balance a fulfilling and engaging professional career with being a wife and mom.”

Givebacks: member, Indiana University McKinney School of Law alumni board

Downtime: hot yoga, travel, concerts, family time

Read more about this class of honorees on ibj.com here.

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Titan Advanced Energy Solutions Raises $33 Million Series B Led by HG Ventures to Transform Battery Diagnostics and Management

Titan Advanced Energy Solutions Raises $33 Million Series B Led by HG Ventures to Transform Battery Diagnostics and Management

INDIANAPOLIS, IN – November 16, 2021 –

Titan Advanced Energy Solutions (“Titan”), a pioneer in ultrasound-based battery management solutions, announced a $33 million Series B financing led by HG Ventures, the corporate investment arm of The Heritage Group. This new capital positions the company to accelerate industrial-scale deployments of its battery diagnostics and battery sensing/management technologies to drive safer and more efficient manufacturing, operation and repurposing of lithium-ion batteries.

Additional investors from the U.S., EuropeAsia and the Middle East included H+ PartnersGS Futures, the investment arm of the GS GroupGS EnergyDoral Energy-Tech Ventures, the investment arm of Doral Group and Fortistar, along with existing investors Energy Innovation Capital and SE Ventures, the investment arm of Schneider Electric.

“Our ultrasound-based technology spans the battery life cycle. From manufacturing and first use to second life and recycling,” said Shawn Murphy, CEO and co-founder of Titan. “We will continue to propel the shift toward electrification by solving critical issues impacting the performance and safety of new and reused lithium-ion batteries.”

Titan’s primary focus is on the automotive and stationary storage markets. The global EV batteries market is expected to grow from $19.78 billion in 2020 to $38.32 billion in 2025, and the global battery energy storage system market is projected to grow from $2.9 billion in 2020 to $12.1 billion by 2025.1,2

 

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Retriev Technologies Combines with Heritage Battery Recycling, Creating the Largest Lithium-Ion Battery Recycler in North America

Retriev Technologies Combines with Heritage Battery Recycling, Creating the Largest Lithium-Ion Battery Recycler in North America

INDIANAPOLIS, IN – October 6, 2021 –

Today Heritage announced the combination of Heritage Battery Recycling, its battery management and recycling business, with Retriev Technologies, the largest and most diverse lithium-ion battery processor in North America, with over 30 years in operation. The combination with Retriev marks a key step in Heritage’s expansion to further develop a comprehensive recycling and reuse battery management platform. KBI, a longtime leader in battery recycling and management, will continue as an active equity partner in Retriev. This transaction solidifies the retention of strategic material handling technology and capability to domestically support the manufacturing sector, including US-based OEMs who are investing at unprecedented levels to support the conversion to electric vehicles.

Retriev’s North American operations provide a unique platform for the launch of this partnership, with battery recycling and sorting facilities located in Lancaster, OHBaltimore, OH, and Trail, British Columbia. Also included in the transaction is KBI’s xEV Strategies division.  Located in Brea, CA, xEV Strategies is a specialized testing, refurbishment, warehousing, and logistics platform for large-format electric vehicle batteries. Paired with Heritage’s collection and transportation network via partnerships with Heritage Environmental Services (HES) and Heritage-Crystal Clean, the collaborative operations moving forward represent the only comprehensive logistics, recycling, and reuse platform available in the industry today.

“We’re pleased to partner with Heritage to expand the reach and capabilities of Retriev,” said Steve Kinsbursky, Chairman and CEO of Retriev, and President, CEO of KBI. “Our mission to bring a sustainable model of closed loop recycling for critical materials that are necessary for the North American supply chain is one step closer to a reality with this merger. This partnership will ensure the success in bringing our shared vison of sustainability to fruition. With over 30 years of commercial operations, Retriev represents the only long term North American lithium-ion battery recycling operation. Adding HBR and its affiliation with Heritage’s environmental services expertise and network of fully permitted collection facilities and transportation assets will allow us to further differentiate Retriev as a single solution for all battery management needs.”

Moving forward, Heritage Battery Recycling will operate under the Retriev Technologies brand. Shane Thompson will serve as President of the combined company.

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Stanley Black & Decker, Heritage on turning materials waste into an asset

Stanley Black & Decker, Heritage on turning materials waste into an asset

INDIANAPOLIS -March 26, 2021 – Four years ago, the United Nations sounded an alarm over the devastating impact the rising amount of material waste has on the planet.

Corporations extract natural resources and turn them into products and packaging that consumers typically use once and throw away. Between 2010 and 2017, the global material footprint grew 17 percent to 85.9 billion tons. After the U.N. in 2017 made ensuring sustainable consumption and production patterns one of its Sustainable Development Goals (SDGs), the number of technology startups in the Techstars sustainability portfolio focused on developing materials innovations to enable manufacturers to design products and packaging with less material has been growing.

So, too, has the number of corporations who want to help these startups succeed.

They share our belief that entrepreneurs’ creativity and ingenuity is needed now more than ever to build the climate and sustainability solutions manufacturers need to reduce their products’ carbon footprints. By serving as mentors and collaborators to startups to accelerate the development of their solutions and grow their businesses, they’re helping turn the unsustainable linear product lifecycle model into a circle where materials are more easily recycled and reused.

Stanley Black & Decker, a global provider of hand and power tools and other products for myriad business and consumer applications, established the Stanley + Techstars Accelerator to support startups developing solutions for artificial intelligence (AI) in advanced manufacturing, additive manufacturing and sustainable packaging to help manufacturers make measurable progress on their environmental, social and governance (ESG) goals.

Dan Fitzgerald, senior director of product sustainability at Stanley Black & Decker, said adopting more sustainable materials is one of many steps manufacturers can take today to make measurable progress on their environmental, social and governance (ESG) goals. He recommends manufacturers begin by asking themselves two key questions:

  1. Are we putting materials out in the field that have a chance of seeing a second life?
  2. Are we using the lowest impact material to deliver the required function?

“By selecting items that are recyclable, and not making design decisions that would prevent recycling, you’re at least providing the opportunity that the product could be recycled,” Fitzgerald said. “When you start searching for more sustainable materials, which are typically made of higher levels of recycled content, you know that your products reaching end of life have the opportunity to re-enter the supply chain and close the loop.”

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Two Heritage Group Companies Commit to The Board Challenge

Two Heritage Group Companies Commit to The Board Challenge

Cross-sector of more than 40 public and private companies and organizations commit to improve Black representation in corporate boardrooms

The Board Challenge today announced the launch of a pledge for U.S. corporate boards of directors to add a Black director within the next year. Founded by Altimeter CapitalValence and theBoardlist, signed by 17 Founding Pledge Partners, and supported by 27 Charter Pledge Partners that already have at least one Black director, the initiative seeks to accelerate action to improve the diversity of corporate boards starting with the representation of Black leaders on the boards of U.S. companies. Every U.S. company is encouraged to take the pledge at theboardchallenge.org, and companies that have at least one Black director are asked to sign on to express their support and use their resources to drive change.

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