Energy Efficiency, GHG Emissions, Sourcing Renewables  -  June 16, 2022

Xcel Energy Achieves 50% Cleaner Electricity 

Xcel Energy delivered electricity to its customers in 2021 that was 50% cleaner compared to 2005, putting the company on track to achieve its interim goal of reducing carbon emissions 80% by 2030.

The company said it plans to deliver 100% carbon-free electricity to its customers by 2050. In November 2021, Xcel announced a goal to reduce GHG emissions 25% by 2030 from the supply, delivery and customer heating, and industrial use of natural gas with the longer-term commitment of providing net zero gas service by 2050. The company plans to purchase natural gas only from suppliers with certified low emissions and achieve net zero methane emissions on its distribution system by 2030.

Xcel Energy also plans to power 1.5 million EVs by the end of the decade and launched 14 new programs in Minnesota and Colorado in 2021 and introduced programs for customers in New Mexico in early 2022. The company has over 65,000 EVs on the road in the company’s service area, and Xcel Energy has installed approximately 1,200 charging ports under its programs.

The company also announced its 17th annual Sustainability Report and provided details on how it delivered natural gas and electricity service while protecting the environment.

“While we’re focused on meeting our customers’ needs today, our eyes are also on the future—on what value we can deliver in the next one to two decades,” said Bob Frenzel, chairman, president and CEO of Xcel Energy, in a statement. “We’re committed to continuing our clean energy leadership, meeting our 2030 clean energy goals, and addressing other pressing issues that affect our company and the communities we serve.”

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