Company advances new technologies and innovative climate solutions through new partnerships
"Entergy remains focused on helping our stakeholders achieve their most ambitious aspirations in a reliable, affordable and sustainable way through new technologies and innovative solutions. In 2001, we were the first utility in the nation to voluntarily limit carbon emissions and today's 2050 climate commitment is another major step forward in enabling customers to achieve their desired outcomes while consuming the least amount of resources," said
Key actions by Entergy include:
- Ongoing integration of renewable energy resources, storage, and innovative applications of conventional generation into the company's long-term generation portfolio transformation. Also, continuing investment in existing zero-carbon nuclear power and in modern, efficient natural gas generating units, while retiring our coal and older, less efficient gas-powered units.
- Evaluating and enhancing the company's portfolio transformation with emerging technologies, such as distributed resources, alternative fuels likes renewable natural gas and green hydrogen, carbon capture and sequestration, and advanced nuclear.
- Collaborating with customers, key suppliers and industry partners to advance the technologies and strategies necessary to reduce carbon emissions.
- Continuing to engage with partners and gain experience enhancing natural systems such as wetlands and forests that absorb carbon.
- Working across and between sectors, such as transportation and industry, on beneficial electrification and net-emission reduction initiatives.
"As we deliver on our promises to customers, regulators and all key stakeholders, it's critical that we do so in a manner that promotes a cleaner, more sustainable future." -
Additionally, new agreements with Invenergy for renewable energy development and
The commitment to achieve net-zero emissions by 2050 builds on Entergy's 20-year history of climate action and positions the company for five decades of leadership toward advancing a cleaner and more sustainable future for all stakeholders. In 2001, Entergy became the first
2020: The company is currently outperforming by 8% its commitment to maintain carbon emissions through 2020 to 20% below year 2000 levels.
2030: In 2019, Entergy announced in its 2019 Climate Report a goal to reduce by half the carbon emissions rate (pounds per megawatt hour) in 2030 compared to year 2000 levels.
2050: An overview of a potential path the company could take to net-zero emissions is available here. The company will publish additional information about the commitment later this fall.
Entergy already is one of the cleanest large-scale electric utilities in the country, as noted in the 2020 Benchmarking Air Emissions report conducted by energy and environmental advisory firm
"Entergy's net-zero commitment breaks ground with important near-term investments in clean energy technologies that will be needed to transform the power generation fleet," said
While the company's new commitment looks far into the future, Entergy is leading today in innovative technology engagement and cross-sector collaboration to support the technology, innovation and policies needed to meet our 2050 commitment, including the Midcontinent Power Sector Collaborative Roadmap to Decarbonization, the Industrial Innovation Initiative, the
To learn more about Entergy's commitment to customers and environmental stewardship, visit entergy.com/environment.
Forward-Looking Statements
In this news release, and from time to time,
Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this presentation and in Entergy's most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and Entergy's other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with efforts to remediate the effects of major storms and recover related restoration costs; (d) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; (e) changes in decommissioning trust fund values or earnings or in the timing or cost of decommissioning Entergy's nuclear plant sites; (f) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; (g) risks and uncertainties associated with execution on our business strategies, including strategic transactions that Entergy or its subsidiaries may undertake and the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized; (h) effects of changes in federal, state, or local laws and regulations and other governmental actions or policies, including changes in monetary, fiscal, tax, environmental, or energy policies; (i) the effects of changes in commodity markets, capital markets, or economic conditions; (j) impacts from a terrorist attack, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy's business or operations, and/or other catastrophic events; (k) the direct and indirect impacts of the COVID-19 pandemic on Entergy and its customers; and (l) the effects of technological change, including the costs, pace of development and commercialization of new and emerging technologies.
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