MGE Energy, Inc.
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MGE Energy Inc. is a publicly traded holding company headquartered in Madison, Wisconsin, United States. The company operates in the electric distribution sector and provides electricity and natural gas services to over 150,000 customers in Wisconsin. MGE Energy Inc. is committed to decarbonisation and has set a goal to reach net-zero carbon electricity by 2050.
The company's commitment to decarbonisation is reflected in its investments in renewable energy sources. MGE Energy Inc. has been investing in renewable energy for over 20 years and has a diverse portfolio of renewable energy sources, including wind, solar, and biogas. The company has also been investing in energy storage technologies to support the integration of renewable energy into the grid.
MGE Energy Inc. has also been actively engaging in corporate energy initiatives to reduce its carbon footprint. The company has implemented energy efficiency measures in its facilities and has been investing in electric vehicles for its fleet. MGE Energy Inc. has also been partnering with other companies to implement corporate power purchase agreements (PPAs) for renewable energy. Corporate PPAs allow companies to purchase renewable energy directly from renewable energy projects, which helps to support the growth of renewable energy.
In 2019, MGE Energy Inc. announced a partnership with the City of Madison to achieve 100% renewable energy for city operations by 2030. The partnership includes the development of a 9-megawatt solar array that will be built on land owned by the city. The solar array will be the largest in the state of Wisconsin and will provide enough energy to power 2,500 homes.
MGE Energy Inc. has also been working to increase the use of renewable energy in its own operations. The company has set a goal to generate 30% of its electricity from renewable sources by 2030. To achieve this goal, MGE Energy Inc. has been investing in new renewable energy projects, including a 66-megawatt wind farm in Iowa and a 5-megawatt solar array in Wisconsin.
MGE Energy Inc. has also been investing in energy storage technologies to support the integration of renewable energy into the grid. The company has installed a 5-megawatt battery storage system in Wisconsin, which helps to balance the grid and reduce the need for fossil fuel-fired power plants.
In addition to its renewable energy investments, MGE Energy Inc. has also been actively engaging with its customers to promote energy efficiency and conservation. The company offers a variety of energy efficiency programs and rebates to help customers reduce their energy use and save money on their energy bills.
MGE Energy Inc. is committed to decarbonisation and has set a goal to reach net-zero carbon electricity by 2050. The company's investments in renewable energy, energy storage, and energy efficiency are helping to reduce its carbon footprint and support the growth of renewable energy. MGE Energy Inc. is also actively engaging with its customers and partners to promote energy efficiency and conservation, and to support the transition to a cleaner, more sustainable energy future.