Press release
Xcel Energy Drives Forward Clean Energy Goals
Amid national focus on climate and clean energy, company forges ahead with sustainability efforts MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy continues to
About this update from Xcel Energy Inc.
[{"type":"text","content":"\nAmid national focus on climate and clean energy, company forges ahead with sustainability efforts\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nXcel Energy continues to forge ahead in its goals to reduce emissions, embrace clean energy and fuel electric vehicles as the nation celebrates major advances in sustainability through several events taking place late this month.\n\nDuring Climate Week NYC (Sept. 22-29), which promotes climate action, the company celebrates the changes already underway. Xcel Energy has reduced carbon emissions 54% from the electricity it provides to customers from 2005 levels, with a goal to reach 100% carbon-free electricity across its service areas by 2050.\n\nWith events kicking off during Clean Energy Week (Sept. 23-27) to celebrate clean energy innovation and discuss pressing challenges in energy technologies, Xcel Energy is operating on an energy mix that is more than 50% carbon-free, compared to an average of 41% nationwide.\n\nAnd with Drive Electric Week around the corner (Sept. 27 to Oct. 6), the company is powering EVs with energy that is 65% lower in carbon emissions than a conventional gasoline-powered vehicle — and far more cost effective at about $1/gallon-equivalent.\n\n“As we observe the significant environmental events taking place this month, we celebrate these robust sustainability accomplishments and know we have more to achieve,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “Xcel Energy was the first U.S. energy provider to set aggressive goals to reduce carbon emissions from electricity, heating and transportation. As we plan for the energy needs of the future, we will ensure our customers continue to receive affordable and reliable service.”\n\nTransitioning to cleaner energy\n\nXcel Energy is committed to becoming a net-zero energy provider by 2050 while keeping its service reliable, affordable and safe. The company uses climate science to inform its clean energy strategy and has contracted with climate modeling experts to understand how its clean energy vision relates to global temperature goals.\n\n\nThe company had reduced 46.3 million short tons of carbon dioxide equivalent (CO2e) by 2023, compared to 2005 levels — roughly the same emissions released from driving 11 million gas-powered vehicles for a year, according to estimates from the U.S. Environmental Protectio...