Potential offtaker

Public Service Enterprise Group Inc

www.pseg.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Public Service Enterprise Group Inc (PSEG) is a leading energy company in the United States of America, operating in the Integrated Electric Utilities sector. PSEG is committed to providing safe, reliable, and affordable energy to its customers while also working towards a sustainable future. The company has a strong focus on decarbonisation and renewable energy, and has made significant strides in these areas in recent years.

PSEG's commitment to decarbonisation is reflected in its goal to reduce its carbon emissions by 80% by 2046, compared to 2005 levels. The company has already made significant progress towards this goal, having reduced its carbon emissions by 47% by the end of 2020. PSEG's decarbonisation efforts include retiring its coal-fired power plants, investing in renewable energy, and implementing energy efficiency measures.

One of PSEG's key strategies for achieving its decarbonisation goals is through the use of corporate power purchase agreements (PPAs). These agreements allow PSEG to purchase renewable energy directly from developers, often at a lower cost than traditional sources of energy. PSEG has signed several corporate PPAs in recent years, including agreements for wind and solar projects in New Jersey and Maryland.

PSEG is also committed to promoting renewable energy development in the communities it serves. The company has invested in several renewable energy projects, including a 25 MW solar project in New Jersey and a 468 MW wind project in Texas. PSEG is also a member of the New Jersey Offshore Wind Supply Chain Alliance, which aims to support the development of the offshore wind industry in the state.

In addition to its renewable energy investments, PSEG is also focused on promoting energy efficiency and conservation. The company offers a range of energy efficiency programs to its customers, including rebates for energy-efficient appliances and lighting, and incentives for businesses to upgrade their equipment. PSEG also offers energy audits and assessments to help customers identify opportunities for energy savings.

PSEG's commitment to sustainability extends beyond its own operations to its corporate energy customers. The company offers corporate energy solutions, including renewable energy and energy efficiency programs, to help its customers reduce their carbon footprint and achieve their sustainability goals. PSEG's corporate energy solutions include energy audits, energy management systems, and renewable energy options such as solar and wind power.

PSEG has also taken a leadership role in promoting the use of corporate PPAs among its customers. The company has developed a corporate PPA program that allows customers to purchase renewable energy directly from PSEG, often at a lower cost than traditional sources of energy. PSEG's corporate PPA program has been successful in helping its customers achieve their sustainability goals while also reducing their energy costs.

PSEG's commitment to sustainability and decarbonisation is reflected in its corporate culture and values. The company has been recognized for its sustainability efforts by several organizations, including the Dow Jones Sustainability Index and the Carbon Disclosure Project. PSEG has also been recognized as one of the "World's Most Ethical Companies" by the Ethisphere Institute for several consecutive years.

In conclusion, Public Service Enterprise Group Inc (PSEG) is a leading energy company in the United States of America, operating in the Integrated Electric Utilities sector. The company is committed to providing safe, reliable, and affordable energy to its customers while also working towards a sustainable future. PSEG's focus on decarbonisation and renewable energy is reflected in its goal to reduce its carbon emissions by 80% by 2046, compared to 2005 levels. The company has made significant progress towards this goal through the use of corporate power purchase agreements (PPAs), renewable energy investments, and energy efficiency programs. PSEG's commitment to sustainability and decarbonisation is reflected in its corporate culture and values, and the company has been recognized for its sustainability efforts by several organizations.