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MarketScreener Homepage  >  Equities  >  Nyse  >  PG&E Corporation    PCG

PG&E CORPORATION

(PCG)
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SoCalGas, PG&E and Opus 12 Unveil New Technology to Convert Carbon Dioxide to Renewable Gas

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06/22/2020 | 04:24pm EDT

By Michael Dabaie

 

Sempra Energy's Southern California Gas Co., PG&E Corp.'s Pacific Gas and Electric Co. and Opus 12 said they demonstrated further advancement of a new electrochemical technology that converts the carbon dioxide content in raw biogas to pipeline-quality renewable natural gas.

The single-step process is designed to use renewable electricity. The 12-month research-and-development effort was funded by SoCalGas and PG&E, and builds on an initial feasibility study in 2018.

Raw biogas is produced from the anaerobic breakdown of waste from sources like landfills, sewage and dairy farms. While current biogas-upgrading technology removes the carbon dioxide from biogas, this new technology captures the carbon dioxide and converts it into additional renewable fuel, the companies said.

The new demonstration shows that improved catalyst activity could speed reactions by five times and nearly double conversion efficiency, making the technology commercially competitive with other new biogas upgrading methods, the companies said.

The core technology was scaled up and tested using commercially available electrolyzer hardware and the next step will be to test the technology for longer periods at an existing biogas facility.

Clean-energy startup Opus 12 said it created a new proprietary Polymer Electrolyte Membrane electrolyzer that uses electricity to convert water and carbon dioxide into renewable natural gas in one step.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
PG&E CORPORATION -0.80% 9.945 Delayed Quote.-7.73%
SEMPRA ENERGY -0.27% 130.96 Delayed Quote.-13.31%
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Financials (USD)
Sales 2020 18 443 M - -
Net income 2020 -1 003 M - -
Net Debt 2020 37 672 M - -
P/E ratio 2020 -13,8x
Yield 2020 -
Capitalization 19 473 M 19 473 M -
EV / Sales 2020 3,10x
EV / Sales 2021 3,09x
Nbr of Employees 23 000
Free-Float 74,0%
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Technical analysis trends PG&E CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 12,83 $
Last Close Price 10,03 $
Spread / Highest target 49,6%
Spread / Average Target 27,9%
Spread / Lowest Target 9,67%
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Managers
NameTitle
William Lloyd Smith Chief Executive Officer & Director
Robert C. Flexon Independent Non-Executive Chairman
Christopher Foster Chief Financial Officer & Vice President-Treasury
Ajay Waghray Chief Information Officer & Senior Vice President
Cheryl F. Campbell Independent Director
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