Global Partners and Greentown Labs Forge Partnership to Drive Climatetech Innovation

Collaboration will empower sustainable solutions and accelerate path to a net-zero future

Waltham, Mass. (November 5, 2024) - Continuing its dedication to innovation in sustainability, Global Partners, a leading independent liquid energy supplier and retail operator, has joined forces with Greentown Labs, the largest climatetech incubator in North America. This partnership aims to speed up the development and launch of innovative technologies that tackle climate change challenges. Through its Megawatt Partner designation, Global reaffirms its role in spearheading the Northeast's transition to low-carbon, renewable fuels, driving impactful change and paving the way for a cleaner, more sustainable energy future.

"We are thrilled to partner with Greentown Labs to bolster the climatetech ecosystem through innovation and collaboration with industry leaders and entrepreneurs," said James Cater, Global Partners Senior Director of Sustainability Strategy and Innovation. "Driving sustainability and climate action is more easily achievable through impactful partnerships, and this collaboration reflects our dedication to addressing those shared challenges together."

Greentown, a 501(c)(3) nonprofit with incubators in Somerville, Massachusetts, and Houston, Texas, where Global has a terminal and retail footprint, supports more than 200 early-stage climatetech startups. It offers entrepreneurs lab space, shared office space, machine shops, electronic labs, tool shops, software and business resources, and a large network of corporate customers, investors, and more. Through its partnership with Greentown, Global will forge connections with the incubator's startups to accelerate climate technologies and will gain access to curated and customized events. Global will also have the opportunity to engage in meaningful dialogue with Greentown's corporate partner network about innovative sustainability solutions.

"Having the opportunity to engage with energy industry leaders, like Global partners, is transformative for climatetech startups working to develop, deploy, and scale their technologies," said Aisling Carlson, Senior Vice President of Partnerships, Greentown Labs. "We are eager to see how Global and our startup members will collaborate to accelerate pathways to market for critical climate solutions."

Global Partners is committed to advancing sustainability through a range of innovative initiatives aimed at reducing environmental impact. By investing in cleaner energy solutions, such as renewable fuels and electric vehicle infrastructure, the company is actively contributing to a greener future. Additionally, Global prioritizes efficiency improvements across its operations, striving to minimize carbon emissions and enhance resource conservation. Through these efforts, the company demonstrates its dedication to promoting sustainable practices within the energy sector and beyond.

Click here to learn more about Global's sustainability efforts.

About Global Partners LP:

Building on a legacy that began more than 90 years ago, Global Partners has evolved into a Fortune 500 company and industry-leading integrated owner, supplier, and operator of liquid energy terminals, fueling locations, and guest-focused retail experiences. Global operates or maintains dedicated storage at 54 liquid energy terminals-with connectivity to strategic rail, pipeline, and marine assets-spanning from Maine to Florida and into the U.S. Gulf States. Through this extensive network, the company distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers. In addition, Global owns, operates and/or supplies more than 1,700 retail locations across the Northeast states, the Mid-Atlantic, and Texas, providing the fuels people need to keep them on the go at their unique guest-focused convenience destinations. Recognized as one of Fortune's Most Admired Companies, Global Partners is embracing progress and diversifying to meet the needs of the energy transition.

Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol "GLP." For additional information, visit www.globalp.com.

Media Contact:

Reid Lamberty, Senior Communications Advisor

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