High Demand from Consumers for Reduced Greenhouse Gas Emissions within the Power Industry
For the greater part of two decades environmental stewardship, social responsibility, and corporate governance (ESG) have taken center stage within major corporations doing business in the United States. Additionally, the United States government is increasingly holding corporations accountable to meet the demanding standards towards reduced greenhouse emissions. As we near the close of 2022, ESG related topics are continuously making headlines in the daily news. One central focus is on the utility sector and the power industry’s plans to significantly reduce their greenhouse emissions within a reasonable timeframe.
To date it is estimated that 25% of greenhouse emissions come from electricity. Being equipped with this knowledge, the power industry is leading the way on paving the road towards a more sustainable way of life. This includes 80% of investor-owned utilities committing to reducing their carbon emissions.
The primary factors driving the power industry towards the sustainable efforts are:
- The U.S. Federal Clean Air Act– The Clean Air Act and various other pieces of legislature on the table is mandating the industry meet the requirements to meet reduced carbon emissions and sustainability targets.
- Consumer and Shareholder Demand– With a growing number of concerned consumers and eco-minded shareholders, the power industry is equally concerned about the effects its product has on the planet. This shared cause has created an about-face effort towards more sustainable practices and tapping into renewable energy sources like wind, hydroelectric, and solar.
While the demand of this shift from concerned consumers is high, according to the J.D. Power Sustainability Index study, only 23% of consumers nationwide are versed in their local power utility’s goal of reducing greenhouse gas emissions. The study, which focuses on customer awareness, support, engagement, and advocacy for local utility climate sustainability program and goals, regularly evaluates the nation’s 35 major electric utilities.
At Voltyx, we are a proud partner alongside our utility clients towards creating a more sustainable future for the generations to come. As we experience a once-in-a-generation opportunity to modernize the power industry, Voltyx offers a comprehensive portfolio of electrical services to help utilities reach their greenhouse gas emissions and carbon reduction goals. For more information about our sustainable practices and how we can assist with your company efforts of sustainable grid operation and renewable energy development, visit Voltyx.com
As the holding company of five operating companies – EPS, NASS, EPST, TLS, and NOMOS, Voltyx is an integrated power solutions provider focused on guiding our partners through vision, strategy, service, and support. The Voltyx family has served the electrical grid for more than 40 years and is united at the core by providing exceptional testing, engineering, maintenance, grid equipment, and cyber security services. Our reputation for safety, innovation, and service is built on a foundation of well-leveraged resources and competencies, driving reliability back to our partners.