SRP Commits to Net-Zero Carbon Emissions by 2050 - Smart Energy Decisions

GHG Emissions, Industrial, Utilities  -  March 5, 2024

SRP Commits to Net-Zero Carbon Emissions by 2050

The SRP board of directors approved revisions to SRP’s 2035 Sustainability Goals that establish more ambitious targets to reduce carbon emissions, increase energy efficiency and electrification, and conserve water.

The community-based, not-for-profit public power utility and electricity provider in the greater Phoenix metropolitan area announced its newly revised goals include:

  • Lower the amount of CO2 emitted by generation per megawatt hour by 82% from 2005 levels by 2035 and achieve net-zero carbon by 2050, 
  • Deliver over 4 million MWh of annual aggregate energy savings through energy efficiency by 2035, 
  • Support adoption of 1 million electric vehicles (EVs) in SRP’s service territory and manage 90% of EV charging by 2035, and 
  • Achieve 30% reduction in generation-related water use intensity across all water types from a 2005 baseline.

SRP's 2035 Sustainability Goals are focused on reducing the company's carbon footprint, ensuring a resilient water supply, evolving its grid and customer energy solutions, promoting a sustainable supply chain, and reducing waste. The revised goals will go into effect in May 2025.

Originally approved in 2019, the goals are updated every five years to ensure they continue to meet the changing needs of the customers and communities SRP serves. 

“We are pleased with the progress SRP has made towards meeting our sustainability goals and that we are in a position to be even more ambitious in many of the goals. The goals incorporate sustainability into all aspects of our business and will lead us to further innovate, partner and challenge the status quo as we work to deliver reliable, affordable and sustainable water and power in one of the fastest-growing areas of the nation,” said Bobby Olsen, SRP Associate General Manager and Chief Planning, Strategy and Sustainability Executive, in a statement. “We appreciate the many organizations, customers and individuals who took part in the process to share their perspectives and provide feedback on our 2035 Sustainability Goals to ensure they continue to meet the needs of our current and future customers.”  

Tags: SRP

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