Sempra Energy's ( NYSE: SRE ) Southern California Gas subsidiary said Wednesday it has begun testing and demonstrating its carbon-negative, waste-to-energy modular system at its facility in Los Angeles.
The demonstration project was designed to convert organic waste from California landfills into carbon-negative hydrogen and renewable natural gas, which could be used to cut greenhouse gas emissions from industrial processes and hard-to-electrify sectors, including heavy-duty transportation.
SoCalGa, which contributed $1.5M to the demonstration project, said testing of the Kore Infrastructure technology "can provide key insights into efficiency and operating costs, as well as determining the cost-effectiveness of its deployment at scale."
Sempra ( SRE ) expects to grow its earnings per share by 6%-8% annually on average until at least 2026, making the stock "a solid pick in the ongoing bear market," Aristofanis Papadatos writes in a bullish analysis published on Seeking Alpha .
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Sempra starts carbon-negative waste-to-energy technology at L.A. facility