A major utility company is making history. Xcel Energy, Colorado’s largest utility company, has pledged to go completely carbon-free by 2050. The company serves eight states, and its ambitious new carbon reduction goal far exceeds its current target of a 60 percent reduction in Colorado by 2026.
“Our biggest energy source in a few short years is going to be renewable energy. We’re going to absolutely integrate as much of that as we can into the grid,” said Xcel CEO Ben Fowke.
The company said that it will be 80 percent carbon-free by 2030 before reaching the goal of 100 percent carbon reduction in 2050. These changes should mean more solar and wind energy along with a reduction of coal. Fowke said that there will also be other technologies needed to meet the 100 percent carbon goal, including battery storage technology and maybe even carbon sequestration.
Xcel serves 3.6 million people in Colorado, Minnesota, Michigan, New Mexico, Texas, Wisconsin, North Dakota and South Dakota. For years, those customers have been demanding that the company make some changes.
The utility company said that it really does listen to its customers, and with citizens of cities all over Colorado deciding that they want 100 percent renewable energy, Xcel decided it would be in its best interest to give the customers what they have asked for.
Xcel’s commitment is the latest in announcements by large utility companies regarding huge new carbon reduction goals. Indiana’s NIPSCO sped up the retirement of multiple coal plants in favor of renewable energy, and Midwestern Utility MidAmerican announced that it would reach its 100 percent renewable energy goal by 2020.
With companies turning away from fossil fuels in favor of renewables like wind and solar, the U.S. Energy Information Administration expects America’s coal consumption to soon be at its lowest level in four decades.
Image via Laura Lee Dooley