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    SRE   US8168511090

SEMPRA

(SRE)
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SoCalGas, Sierra Northern Railway Working on Hydrogen Fuel Cell Locomotive

07/28/2021 | 12:14pm EDT

By Stephen Nakrosis

Southern California Gas Co. on Wednesday said it would work with Sierra Northern Railway and others to develop and test a zero-emission hydrogen fuel cell engine that could be used in switcher locomotives.

Switcher locomotives are mainly used over short distances and to move cars within a railyard or other facility.

The company said the California Energy Commission awarded Sierra Northern Railway and Gas Technology Institute almost $4 million for the project, which includes a demonstration of the locomotive in Sacramento. SoCalGas is contributing another $500,000 toward research, it said.

Neil Navin, SoCalGas Vice President of Clean Energy Innovations, said, "We believe hydrogen fuel cell-powered locomotives can play a significant role in reducing air pollution and greenhouse gas emissions from the railways that serve California's ports and warehouses." He also said, "This research is just part of our efforts to lead the transition to clean fuels in California and it supports our commitment to achieve net zero greenhouse gas emissions in our operations and delivery of energy by 2045."

SoCalGas is a subsidiary of energy services holding company Sempra.

-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

07-28-21 1414ET

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ChangeLast1st jan.
SEMPRA -0.69% 128.87 Delayed Quote.1.85%
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Analyst Recommendations on SEMPRA
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Financials (USD)
Sales 2021 12 022 M - -
Net income 2021 2 489 M - -
Net Debt 2021 23 742 M - -
P/E ratio 2021 16,1x
Yield 2021 3,40%
Capitalization 41 439 M 41 439 M -
EV / Sales 2021 5,42x
EV / Sales 2022 5,39x
Nbr of Employees 14 706
Free-Float 93,2%
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Technical analysis trends SEMPRA
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 129,77 $
Average target price 150,13 $
Spread / Average Target 15,7%
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Managers and Directors
Jeffrey Walker Martin Chairman, Co-President & Chief Executive Officer
Kevin Christopher Sagara Group Co-President & Executive Vice President
Trevor Ian Mihalik Chief Financial Officer & Executive Vice President
Eric G. Trapp Vice President-Security & Technology
William D. Jones Lead Independent Director
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