Market Overview

Charah Solutions Opens First Facility Using New Grinding Technologies for Slag Cement and Pozzolans


Facility in Upstate New York Further Expands Charah Solutions'
Byproduct Sales Footprint

Solutions, Inc.
(NYSE:CHRA), a leading provider of environmental
and maintenance services to the power generation industry, today
announced that it has opened its first facility using new patented
technologies for grinding granulated blast furnace slag (GBFS) to create
supplementary cementitious materials (SCMs). This fully operational
facility at the Port of Coeymans, a marine terminal located 10 miles
south of Albany, New York, and 100 miles north of New York City on the
Hudson River, is accessible by ship, truck, and rail, and is selling
materials to concrete product manufacturers throughout the Northeast.

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Charah Solutions MultiCem Slag Cement Plant (Photo: Business Wire)

Charah Solutions MultiCem Slag Cement Plant (Photo: Business Wire)

"Charah Solutions is one of the leading fly ash sales and marketing
companies in the country, and we are excited to open this first facility
that will supplement the cementitious materials we are already providing
without the use of fly ash," said Charles Price, President and CEO of
Charah Solutions. "The Port of Coeymans is an ideal location for us to
serve our concrete product customers across the Northeast. The opening
of this facility continues to highlight the importance of our
acquisition of SCB International last year and is the first of many
facilities we expect to install nationwide."

The grinding mills, which can be installed for a fraction of the cost of
competing technologies and scaled up or down to meet market demands,
allow Charah Solutions to serve customers in markets where the supply of
fly ash or other SCMs is limited. Charah Solutions' technology is more
cost-effective, regardless of the volume of SCMs needed, and is designed
to be flexible, with the ability to add production capacity as a market
grows. Additionally, Charah Solutions' technology can also be used for
grinding natural pozzolans to create additional SCMs to replace fly ash
and to expand Charah Solutions' byproduct sales offerings.

In addition to showcasing the new patented grinding technology, the new
facility will manufacture slag cement that is marketed under the brand
MultiCem™. The MultiCem slag cement will be distributed throughout
Charah Solutions' MultiSource® materials network, which is a unique,
nationwide distribution system of more than 30 sourcing locations that
provide ready mix concrete producers and other customers a continuous
and reliable supply of SCMs, including quality fly ash and slag cement.
MultiCem slag cement is produced by grinding GBFS, a byproduct of steel
production, and can be added in the production of concrete and cement.
MultiCem slag cement provides strength, durability, improved finish, and
consistent performance in concrete, and can be used at higher
replacement rates than other SCMs, reducing the overall carbon footprint
and decreasing the need for landfills.

"We are targeting both large and small markets, where the supply of fly
ash is currently constrained, to rapidly deploy our technology," said
Scott Ziegler, President of Byproduct Sales at Charah Solutions. "We can
be up and running within a few months and produce as little as 30,000
tons or more than 100,000 tons profitably. This compares to traditional
vertical roller mills or ball mills that require significant capital
investments, need large production volumes to be profitable, and can
take years to obtain the necessary construction permits."

to see a complete map of Charah Solutions' MultiSource
materials network locations.

About Charah Solutions, Inc.

With 30 years of experience, Charah Solutions, Inc. is a leading
provider of environmental and maintenance services to the power
generation industry, with operations in coal-fired and nuclear power
generation sites across the country. Based in Louisville, Kentucky,
Charah Solutions assists utilities with all aspects of managing and
recycling ash byproducts generated from the combustion of coal in the
production of electricity as well as routine power plant maintenance and
outage services for coal and nuclear energy providers. The company also
designs and implements solutions for ash pond management and closure,
landfill construction, fly ash and slag sales, and structural fill
projects. Charah Solutions is the partner of choice for solving
customers' most complex environmental challenges, and as an industry
leader in quality, safety, and compliance, the company is committed to
reducing greenhouse gas emissions for a cleaner energy future. For more
information, please visit

MultiSource® is a registered trademark of Charah, LLC in the United

Forward-Looking Statements

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 facts, included in this press release that
address activities, events or developments that the company expects,
believes or anticipates will or may occur in the future are
forward-looking statements. These forward-looking statements are
identified by their use of terms and phrases such as "may," "expect,"
"estimate," "project," "plan," "believe," "intend," "achievable,"
"anticipate," "will," "continue," "potential," "should," "could," and
similar terms and phrases. These statements are based on certain
assumptions made by the company based on management's experience and
perception of historical trends, current conditions, anticipated future
developments and other factors believed to be appropriate. Such
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 implied
or expressed by the forward-looking statements. Any forward-looking
statement speaks only as of the date on which such statement is made and
the company undertakes no obligation to correct or update any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by applicable law.

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