Baltimore Gas and Electric Company Launches Comprehensive Effort to Reduce Greenhouse Gas Emissions

Strategic Insights -

The Baltimore Gas and Electric Company (BGE) has announced a comprehensive effort to reduce greenhouse gas emissions and improve resilience in support of Maryland's clean energy and climate goals. As part of this initiative, BGE aims to reduce its operational greenhouse gas emissions by at least 50 percent by 2030 and achieve net-zero emissions by 2050. The company has already made significant reductions in emissions and has deployed smart grid technology, electric vehicle infrastructure, and other tools to improve energy efficiency and help customers reduce energy use.

Key Takeaways:

  • BGE aims to reduce its operational greenhouse gas emissions by at least 50 percent by 2030 and achieve net-zero emissions by 2050.
  • The company has already reduced its emissions significantly and has deployed smart grid technology, electric vehicle infrastructure, and other tools to improve energy efficiency and help customers reduce energy use.
  • BGE will convert 50 percent of its vehicle fleet to electric by 2030 and focus technology and infrastructure investments on increasing energy efficiency and utilizing clean electricity for operations.
  • The company will also drive further emissions reduction beyond its own operations by advocating for sound climate policies, partnering with state and local leaders, and piloting new technologies.
  • Transportation accounts for more than half of all carbon emissions, and BGE's EV Smart program is facilitating the increased adoption of electric vehicles.
  • BGE will continue to improve its energy efficiency programs, including rebate programs for energy-efficient appliances and demand response programs that provide bill credits to customers for reducing electricity usage on high-demand days.
  • Maryland Governor Larry Hogan and the Maryland legislature have taken major steps to advance the state's clean energy and climate goals, including the Greenhouse Gas Emissions Reduction Act and the renewable portfolio standard goal of 50 percent by 2030.
  • BGE's Path to Clean directly supports the state's climate goals.

Statistics:

  • BGE aims to reduce its operational greenhouse gas emissions by at least 50 percent by 2030.
  • The company has already reduced its emissions significantly.
  • BGE will convert 50 percent of its vehicle fleet to electric by 2030.
  • Transportation accounts for more than half of all carbon emissions.
  • Maryland's Greenhouse Gas Emissions Reduction Act calls for a reduction of emissions of 40 percent by 2030 (from 2006 levels).
  • The renewable portfolio standard goal of 50 percent by 2030 is among the most aggressive in the country.
  • BGE provides safe and reliable energy delivery to more than 1.3 million electric customers and more than 680,000 natural gas customers in central Maryland.

Sources:

  • Baltimore Gas and Electric Company
  • Maryland Governor Larry Hogan
  • Maryland legislature
  • Exelon Corporation (Nasdaq: EXC)
  • Contify.com