NEW YORK, Feb. 6 / PRNewswire / – Con Edison was named a leading US energy company today for its efforts to create a clean, carbon-free energy system.
The Smart Electric Power Alliance – or SEPA – said Con Edison got a listing on its 2021 Utility Transformation Leaderboard.
SEPA, a nonprofit that aims to have a carbon-free electrical system by 2050, rated Con Edison high for a wide range of actions including its electric vehicle strategy, work, connecting customers installing solar panels and other clean energy resources, and being Smart meter program.
The organization gave the company high marks for linking executive compensation with sustainability, setting aggressive targets to reduce CO2 emissions, innovation and acceptance of new technologies.
“It's humbling because so many energy companies across the country are using the talent and dedication of their people to innovate and drive the transition to a clean energy future,” said Tim Cawley, CEO of Con Edison Inc., at the adoption of the Award. “It is a source of pride because it recognizes Con Edison's progress in realizing our commitment to clean energy. We support and do our part in New York's aggressive environmental goals.” (See Cawley's full remarks.)
“Con Edison is characterized by its extensive efforts to transition to a carbon-free energy future and, most importantly, its results,” said Julia Hamm, President and CEO of SEPA. “Moving to a clean and modern energy system involves much more than producing clean energy. It requires changes to almost every part of a utility's business. We applaud Con Edison for his progress and recognize that there is still much work to be done. The world does not do this. ” have the luxury of time on CO2 reduction. ”
Committed to moving the transition to a clean energy future, Con Edison takes the environment into account in every decision. Cawley said Con Edison “is working with our customers on this journey.”
In fact, Con Edison customers have completed 37,000 rooftop projects with a capacity of 334 megawatts of clean, renewable electricity.
The company is working with the New York City Housing Authority, Solar One, and other partners to place panels for three NYCHA developments. The project employs 12 plumber apprentices based in NYCHA. The panels offer discounted electricity to 400 low and middle income subscribers.
The addition of renewable energies to New York State's energy portfolio requires new transmission lines and energy storage systems. This renewable energy will comprise 9,000 megawatts of offshore wind.
Con Edison invests in transmission and storage. The company is working with a partner, 174 Power Global, to place a 100 megwatt mammoth battery system on the site of a former fossil fuel power plant near the East River in Astoria, Queens.
The company has robust energy efficiency programs that pay customers for energy-efficient upgrades to their lighting, HVAC, and other equipment. Con Edison aims to triple its energy efficiency programs by 2025.
Con Edison supports the adoption of electric vehicles and believes electric vehicles will play a key role in a clean energy future. The company connects thousands of new public and customer-owned charging stations through the PowerReady program. PowerReady provides incentives to offset the cost of electrical infrastructure when installing chargers.
The company recently announced that it will take delivery of the first all-electric commercial vehicle truck in 2022. Bucket trucks lift workers so they can work on overhead lines, transformers, and other equipment.
With its commitment to clean energy, Con Edison aims to offer its customers 100 percent clean electricity by 2040.
Since 2005, the company has also reduced its own CO2 emissions by 50 percent.
SEPA based its ranking on responses to a survey. More than 130 companies serving 83 million utility customers responded and 10 made it to the rankings.
Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the largest investor-owned energy companies in the country, with annual sales of approximately $ 12 billion and assets of $ 63 billion. The utility company supplies electricity, natural gas and steam and serves 3.5 million customers in New York City and Westchester Counties. Through Consolidated Edison Inc.'s subsidiary, Con Edison Clean Energy Businesses, the company is the second largest solar developer in the United States and the seventh largest worldwide. You can find information on finances, operations and customer service at conEd.com. You can find information on energy efficiency at coned.com/energyefficiency. Visit us on Twitter and Facebook.
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Source Con Edison of New York