Xcel plans to add 12 wind farms in seven states, leading to more than 11 GW on its system by 2021.
Internet of things:
Xcel is working with Google to develop new ways for customers to access account information and personalize energy management.
Xcel will retire 50% of its coal-powered capacity from 2005 to 2026, replacing it with a combination of renewables, energy efficiency and natural gas.
Xcel Energy is a leader in the U.S. power sector's transition to a clean energy future, making significant investments in renewable energy and electric vehicles while pursuing innovative business models.
As 2017 came to a close, the energy world was abuzz over record low solar+storage and wind+storage prices emerging from an all-source solicitation by Xcel Energy in Colorado. And the company’s momentum on a range of grid modernization issues across its service territories has persisted in 2018.
The solicitation is part of the company’s $2.5 billion plan to procure up to 1,100 MW of wind and 700 MW of large-scale solar in Colorado as it retires 660 MW of coal-fired capacity a decade earlier than scheduled. The plan also calls for 275 MW of large-scale storage to be paired with solar, and using 380 MW of "existing flexible gas resources."
"We believe the [Colorado] plan is a model for a successful clean energy transition. It will provide over $200 million worth of savings for customers compared to the alternatives, while reducing carbon emissions nearly 60% and increasing renewable energy sources to 55% of our energy mix by 2026 in the state," Xcel said.
The company's overall goal is to reduce carbon emissions 60% by 2030 from 2005 levels.
Colorado regulators approved the plan in August, which has drawn praise from environmentalists. Zach Pierce, senior campaign representative for Sierra Club's Beyond Coal Campaign, called it a "pretty bold and exciting example of a major utility embracing the drop of renewable energy prices in the region."
But the plan "is just the beginning in terms of our ability to reduce costs and secure improvements in air and water quality associated with the shift to clean energy," he told Utility Dive.
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