Developer

Consolidated Edison Inc

coned.com

Total capacity of implemented projects

1 - 5 GW

Countries of projects presence

1

Consolidated Edison Inc. is a leading energy company in the United States that operates in the electric distribution sector and develops renewable energy projects. The company, commonly known as Con Edison, is headquartered in New York City and serves over 10 million customers in New York and New Jersey.

Con Edison was founded in 1823 as the New York Gas Light Company, which provided gas lighting to the streets of Manhattan. In 1884, the company began providing electric service to customers in New York City, and in 1936, it merged with the New York Edison Company to become Consolidated Edison.

Today, Con Edison is a publicly traded company listed on the New York Stock Exchange (NYSE: ED) and has a market capitalization of over $28 billion. The company is divided into three main business segments: electric, gas, and steam. The electric segment is responsible for the generation, transmission, and distribution of electricity to customers in New York City and Westchester County. The gas segment provides natural gas to customers in New York City and Westchester County, while the steam segment provides steam to customers in Manhattan.

Con Edison is committed to providing safe, reliable, and affordable energy to its customers while also reducing its environmental impact. The company has set a goal to reduce its greenhouse gas emissions by 40% by 2030 and to achieve net-zero emissions by 2050. To achieve these goals, Con Edison is investing in renewable energy projects and energy efficiency programs.

One of Con Edison's major renewable energy projects is the South Fork Wind Farm, which is being developed in partnership with Ørsted, a leading renewable energy company. The wind farm, located off the coast of Long Island, will have a capacity of 130 megawatts and will provide enough electricity to power 70,000 homes. Con Edison is also investing in solar energy projects, including a 6-megawatt solar installation at John F. Kennedy International Airport.

In addition to developing renewable energy projects, Con Edison is also focused on improving energy efficiency. The company offers a variety of energy efficiency programs to its customers, including rebates for energy-efficient appliances and lighting, as well as incentives for businesses to upgrade their lighting and HVAC systems. Con Edison also offers free energy audits to help customers identify ways to reduce their energy usage and save money on their energy bills.

Con Edison is also committed to promoting sustainability and reducing waste. The company has set a goal to reduce its solid waste generation by 50% by 2030 and to achieve zero waste by 2050. To achieve these goals, Con Edison is implementing a variety of waste reduction and recycling programs, including composting food waste and recycling construction materials.

In addition to its focus on sustainability, Con Edison is also committed to giving back to the communities it serves. The company has a long history of supporting local organizations and initiatives, including education, the arts, and environmental conservation. Con Edison also provides grants to nonprofit organizations that are working to improve the quality of life in its service area.

Overall, Consolidated Edison Inc. is a leading energy company that is committed to providing safe, reliable, and affordable energy to its customers while also reducing its environmental impact. The company's focus on renewable energy and energy efficiency, as well as its commitment to sustainability and community engagement, make it a leader in the energy industry.