Last week, Entergy Corporation announced its commitment to achieving net-zero carbon emissions by 2050. The company also reaffirmed its commitments to grid reliability and affordability for customers.
Key actions by Entergy include:
- Ongoing integration of renewable energy resources, storage and innovative applications of conventional generation. Also, continuing investment in existing zero-carbon nuclear power and modern, efficient natural gas generating units, while retiring coal and older, less efficient gas-powered units.
- Evaluating and enhancing the company’s portfolio with emerging technologies, such as distributed resources, alternative fuels like renewable natural gas and green hydrogen, carbon capture and sequestration and advanced nuclear.
- Collaborating with customers, key suppliers and industry partners to reduce carbon emissions.
- Continuing to engage with partners and gain experience enhancing natural systems such as wetlands and forests that absorb carbon.
- Working across and between sectors, such as transportation and industry, on beneficial electrification and net-emission reduction initiatives.
New agreements with Invenergy for renewable energy development and Mitsubishi Power for fuel supply emissions reduction solutions are also advancing the company’s sustainability objectives. Entergy and Invenergy will co-develop renewable energy facilities in the Gulf South region, while the company’s collaboration with Mitsubishi Power propels technologies and expertise to co-fire hydrogen produced from renewables.
Initial actions include demonstrating the technology, producing hydrogen from renewables or nuclear power and exploring hydrogen storage options. A longer-term strategy includes investing in the infrastructure necessary to create regional opportunities for hydrogen technologies.
The commitment to achieve net-zero emissions by 2050 builds on Entergy’s 20-year history of climate action. In 2001, Entergy became the first U.S. utility to limit its carbon dioxide emissions voluntarily. Since then, the company has renewed and strengthened its goals:
2020: The company is currently outperforming by 8% its commitment to maintain carbon emissions through 2020 to 20% below year 2000 levels.
2030: In 2019, Entergy announced in its 2019 Climate Report a goal to reduce by half the carbon emissions rate (pounds per megawatt hour) in 2030 compared to year 2000 levels.
2050: An overview of a potential path the company could take to net-zero emissions has been released. The company will publish additional information about the commitment later this fall.
“In 2001, we were the first utility in the nation to voluntarily limit carbon emissions and today’s 2050 climate commitment is another major step forward in enabling customers to achieve their desired outcomes while consuming the least amount of resources,” said Leo Denault, Entergy’s chairman of the board and CEO.