TECO Peoples Gas

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A regulated natural gas utility serving approximately 829,000 customers in the city of Chicago. Mission: Provide Customers with the Best Value in Energy and Related Services

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2.8

Overall Excellence Rating

Industry

Utilities

Category

Energy & Utilities

ESG/Ethical Impact

The 2nd of August 2021 marked the start of our own production with the soft opening of our Innovation Center in Narvik which was attended by the Minister of Petroleum and Energy at the time, Tina Bru. In October, we were honored to receive the second largest funding granted by Innovation Norway to any individual project in 2021; for the development of our fuel cell production. The grant of 50 MNOK proves that the Norwegian government has a strong belief that fuel cells will play a central role in the maritime energy transition. While we need to reduce our dependency on hydrocarbons, the world still has a way to go to achieve a full phase out of carbon intensive energy sources. In the meantime, alternative technology can help reduce the impacts of carbon fuels and we have therefore partnered (MOU) with US based Chart Industries Inc. to develop cryogenic carbon capture and storage (CCS) systems for ships. While CCS is a well-known technology on land, onboard CCS is a brand-new technology, which we are piloting in collaboration with our clients in the coming year. With sustainability at the core of our business, we must monitor technological developments in order to remain ever agile and adapt our product line to reflect expectations and requirements to sustainability in the shipping industry. Additionally, we recognize the applicability of our products in other industries, and we have therefore partaken in a pilot project to achieve emission free construction sites. As a result, our hydrogen fuel cells will be piloted during Q2 2023, running the generator at one of construction site in Norway. We are excited to contribute to reduce emissions in another CO2-intensive industry and we will continue to take any opportunity to help society on its net zero trajectory.

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Awards Received

2023

Revenues

$209,000,000.00

Website Traffic

Employee Rating

3.3

Customer Rating

3.5

Company Size

1000-5000

ESG Risk Rating

3

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