GHG-Free Electricity Deliveries Included 53%
Nuclear, 34% Eligible-Renewable Resources and 13%
Hydroelectric
PG&E has brought online more than
2,100 megawatts of new battery storage capacity to help integrate
renewable energy sources and enhance
reliability
OAKLAND,
Calif., April 22, 2024 /PRNewswire/ -- Pacific Gas
and Electric Company (PG&E) retail customers received 100%
greenhouse gas-free electricity in 2023, making the company's
portfolio of electricity sources one of the world's cleanest.
In 2023, 34% of PG&E's total electricity delivered to retail
customers—residential customers and businesses to whom the company
directly sells electricity—came from specified eligible-renewable
resources, including solar and wind power, small hydroelectric
generation and biopower. PG&E retail customers also received
53% of their electric deliveries from carbon-free nuclear power
generated by Diablo Canyon Power Plant, and 13% from large
hydroelectric power.
The company's GHG-free electric retail sales are one important
indicator of PG&E's clean-energy performance. In another
example, PG&E also reached an important battery energy storage
milestone, passing the 2,100-megawatt mark for capacity.
"We're all in on creating a clean energy future," said
Patti Poppe, Chief Executive
Officer, PG&E Corporation. "Providing retail customers with
100% greenhouse gas-free electricity in 2023 highlights that
PG&E's electric generation portfolio supports achievement of
California's climate goals."
California's goals include
reaching carbon neutrality by 2045. PG&E is committed to
reaching carbon neutrality by 2040, and to actively removing more
greenhouse gases than the company emits by 2050.
Solar Leads for Renewables
Large-scale solar energy accounts for the largest share of
PG&E's renewable energy mix. The company has more than 260
Renewables Portfolio Standard-eligible power purchase agreements
totaling more than 6,000 megawatts. According to the California
Independent System Operator (ISO), one megawatt produces enough
electricity to power about 750 homes.
PG&E also owns 430 megawatts of eligible-renewable
generation. That includes 277 megawatts of small hydroelectric, and
13 solar generation plants, mostly in the Central Valley, which
generate up to 153 megawatts of clean power.
PG&E also remains a leader in helping customers go solar.
The company has connected more than 800,000 customers with rooftop
solar to the electric grid. PG&E continues to support customers
with resources before, during and after going solar. PG&E's
resources for customers include help finding a solar contractor, as
well as a solar calculator to help estimate their savings.
PG&E Crosses Battery Energy Storage Milestone
PG&E also continues to invest in battery energy storage
systems to enhance grid reliability, integrate additional
renewables into the grid and save customers energy and money.
As of March 2024, PG&E has
brought online a total of more than 2,100 megawatts of new
incremental battery storage capacity, with an additional 772
megawatts planned in 2024 and 687.5 megawatts planned in 2025.
PG&E has more than 3.5 gigawatts of total battery energy
storage under contract.
According to the ISO, California's renewable resources sometimes
generate more electricity during the day than customers can
use. Battery energy storage allows PG&E and other
utilities to store excess solar or wind power for use later in the
evening to displace natural gas-fired resources that would
otherwise be dispatched to serve the evening peak.
"We're proud of our clean energy leadership, but we know there
is more to do to ensure that clean energy is available at all times
of the day and all seasons of the year," Poppe said. "By unleashing
the full potential of battery storage to integrate additional
greenhouse gas-free sources of electricity, we will continue to
reduce emissions across our energy system and make progress toward
our goal of net-zero emissions by 2040 at the lowest possible
cost."
Large-scale battery storage brought online in 2023 included:
- The 350-megawatt MOSS350 Energy Storage project in Moss Landing, (Monterey County) which brought Vistra's
Moss Landing battery to 750
megawatts, making it the largest battery of its kind anywhere
- The 169-megawatt Edwards Sanborn Energy Storage project in
Mojave (Kern County)
- The 132-megawatt North Central Valley Energy Storage project in
Linden (San Joaquin County)
In addition to large, grid-scale battery energy storage,
PG&E connects hundreds to thousands of new, behind-the-meter
(BTM) battery energy storage systems to its grid every month.
Through January 2024,
behind-the-meter battery storage systems among PG&E customers
totaled more than 670 megawatts—35% of the nation's
behind-the-meter storage capacity.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is a combined natural gas and electric
utility serving more than 16 million people across 70,000 square
miles in Northern and Central
California. For more information, visit pge.com and
pge.com/news.
Cautionary Statement Concerning Forward-Looking
Statements
This news release contains forward-looking statements that are
not historical facts, including statements about the beliefs,
expectations, estimates, future plans and strategies of PG&E,
including but not limited to its greenhouse gas emissions
reductions, climate goals and transportation electrification. These
statements are based on current expectations and assumptions, which
management believes are reasonable, and on information currently
available to management, but are necessarily subject to various
risks and uncertainties. In addition to the risk that these
assumptions prove to be inaccurate, factors that could cause actual
results to differ materially from those contemplated by the
forward-looking statements include factors disclosed in PG&E
Corporation and PG&E's joint annual report on Form 10-K for the
year ended December 31, 2023 and
other reports filed with the SEC, which are available on PG&E
Corporation's website at www.pgecorp.com and on the SEC
website at www.sec.gov. PG&E Corporation and PG&E
undertake no obligation to publicly update or revise any
forward-looking statements, whether due to new information, future
events or otherwise, except to the extent required by law.
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SOURCE Pacific Gas and Electric Company