WEC Energy Group's Sustainable Energy Advancements in the Midwest
Key Ideas
  • WEC Energy Group in Milwaukee is making significant progress in delivering affordable, reliable, and clean energy across the Midwest.
  • The company's 2023 Corporate Responsibility Report highlights achievements in reducing carbon and methane emissions, advancing renewable energy technologies, and enhancing reliability.
  • WEC Energy Group is on track to meet ambitious targets, including a 60% reduction in carbon emissions from electric generation by 2025 and coal elimination by 2032.
  • The company aims to achieve a carbon-neutral electric generation fleet by 2050 and net-zero methane emissions from its natural gas distribution operations by 2030.
Milwaukee-based WEC Energy Group Inc. has announced significant advancements in its mission to provide affordable, reliable, and clean energy across the Midwest as per its newly released 2023 Corporate Responsibility Report. The report showcases the company's commitment to reducing carbon and methane emissions, with a 54% reduction in carbon emissions from generation by the end of 2023. WEC Energy Group aims to further reduce carbon emissions by targeting a 60% reduction by 2025 and an 80% reduction by 2030, ultimately planning to have a carbon-neutral electric generation fleet by 2050. The company is also moving towards eliminating coal as an energy source by the end of 2032, focusing on integrating renewable power and efficient natural gas into its services. Additionally, WEC Energy Group is working to achieve net-zero methane emissions in its natural gas distribution operations by the end of 2030. The company's 87-page report outlines its environmental, social, and governance (ESG) performance, highlighting investments in renewable energy capacity and emerging technologies like renewable natural gas, hydrogen power, and long-duration battery storage. With a $23.7 billion capital plan, WEC Energy Group is focused on investing in efficiency, sustainability, and growth, aiming to quadruple its carbon-free generation with approximately 3,800 megawatts of additional renewable energy capacity. The company's commitment to sustainable technology and community service reflects a positive sentiment towards a greener future in the Midwest.
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