2023-06-20 15:48:27 ET
Xcel Energy ( NASDAQ: XEL ) said Tuesday that more than half of the power it generates across the eight states it serves now comes from carbon-free sources .
Carbon-free energy made up 53% of Xcel's ( XEL ) 2022 energy mix, compared to an average of 41% nationwide, while it also reduced carbon emissions associated with the electricity it provides to customers by 53% from 2005 levels, the company said in its new sustainability report.
In 2018, the company set a goal to provide customers with 100% carbon-free electricity by 2050 and reduce carbon emissions from its operations by 80% from 2005 levels by 2030.
Separately, Xcel ( XEL ) recently announced plans to move ahead with three large solar generating facilities near existing power plants in Texas and New Mexico.
Two new company-owned solar plants would be located at Cunningham Generation Station near Hobbs, New Mexico, and Plant X Generating Station near Earth, Texas.
More on Xcel Energy:
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- Stock price return: Down 8.5% YTD, down 1.5% in the past 12 months
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Xcel Energy tops 50% company-wide carbon-free electricity generation