Southern California Edison Company (SCE) is a leading energy company in the United States of America that operates in the Integrated Electric Utilities sector. The company is headquartered in Rosemead, California, and serves over 15 million people across a 50,000 square mile service territory in Southern California. SCE is committed to providing safe, reliable, and affordable energy to its customers while also working towards decarbonisation and the promotion of renewable energy sources.
Decarbonisation is a key focus area for SCE, and the company has set ambitious goals to reduce greenhouse gas emissions and transition to a cleaner energy future. In 2020, SCE announced its Pathway 2045 plan, which aims to achieve carbon neutrality by 2045. The plan includes a series of actions to decarbonise the electricity sector, electrify transportation, and promote energy efficiency. SCE plans to achieve its decarbonisation goals through a combination of renewable energy, energy storage, and grid modernisation.
Renewable energy is a critical component of SCE's decarbonisation strategy. The company is a leader in the development and deployment of renewable energy sources, including solar, wind, and geothermal. SCE has invested heavily in renewable energy over the past decade, and today, over 40% of the electricity it delivers to customers comes from carbon-free sources. The company has also set a goal to deliver 80% carbon-free electricity to customers by 2030.
Corporate energy is another area of focus for SCE. The company offers a range of energy solutions to help businesses reduce their carbon footprint and save money on energy costs. One of the most popular solutions is the Corporate Power Purchase Agreement (PPA), which allows businesses to purchase renewable energy directly from SCE. Under a Corporate PPA, the business agrees to purchase a certain amount of renewable energy from SCE over a set period, typically 10-20 years. This provides the business with a stable and predictable source of renewable energy while also supporting the development of new renewable energy projects.
SCE has been a pioneer in the Corporate PPA market and has signed several large-scale agreements with businesses in Southern California. In 2019, the company signed a 125 MW Corporate PPA with Facebook to support the development of a new solar project in Central California. The project, called the East Panoche Solar Farm, will generate enough electricity to power 55,000 homes and will help Facebook achieve its goal of sourcing 100% renewable energy for its operations.
SCE also offers a range of other corporate energy solutions, including energy efficiency programs, demand response, and energy storage. The company's energy storage solutions are particularly important for businesses looking to integrate renewable energy into their operations. Energy storage allows businesses to store excess energy generated by solar panels or wind turbines and use it when needed, reducing their reliance on the grid and further reducing their carbon footprint.
In conclusion, Southern California Edison Company is a leading energy company in the United States of America that is committed to decarbonisation and the promotion of renewable energy sources. The company has set ambitious goals to achieve carbon neutrality by 2045 and is investing heavily in renewable energy, energy storage, and grid modernisation to achieve these goals. SCE is also a pioneer in the Corporate PPA market, offering businesses a range of energy solutions to help them reduce their carbon footprint and save money on energy costs. With its focus on decarbonisation and renewable energy, SCE is leading the way towards a cleaner and more sustainable energy future.