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KANSAS CITY, Missouri — Evergy, Inc. (NASDAQ: EVRG) as we speak filed its triennial Built-in Useful resource Plan with the Missouri Public Service Fee. This outlines the plan to satisfy buyer electrical energy wants over the subsequent 20 years. It consists of extra renewable and dispatchable era to satisfy rising buyer demand pushed by financial improvement and elevated capability necessities established by the Southwest Energy Pool.
Companywide over the subsequent 20 years, Evergy tasks it might want to add 5,100 megawatts of renewable vitality from wind and photo voltaic and 5,200 MW of agency, dispatchable era — together with 2,500 MW of latest, hydrogen-capable pure fuel era throughout 2029–2032 — as its service space is experiencing record-setting financial improvement. The 2024 plan consists of 1,900 MW of extra era over what was anticipated in its 2023 replace submitting. Evergy evaluates the prices for working present crops, including new supply-side era, and increasing demand-side packages to develop a plan that has the bottom risk-adjusted value in comparison with different plans. Reflecting this evaluation and in keeping with earlier plans, the corporate’s 2024 plan requires the retirement of greater than 4,500 MW of coal-based era and the continued progress of demand-side packages over that interval. View a timeline of the plan.
Within the first 5 years, the plan consists of 143 MW of pure fuel era added to Evergy’s portfolio in 2024 and the addition of 600 MW of photo voltaic vitality in 2027 and 450 MW in 2028.
“Financial improvement alternatives in Missouri and Kansas are at historic ranges and our plan displays the era wanted to help that progress whereas sustaining reasonably priced and dependable service for our prospects,” Evergy President and Chief Govt Officer David Campbell mentioned. “We are going to spend money on renewable vitality assets and dispatchable era to serve the rising electrical energy load in our area, sustaining the various vitality combine that has served our prospects effectively.”
Evergy serves its prospects with a balanced era portfolio that features roughly 4,600 MW of renewable vitality. Later this yr, the corporate expects to surpass a milestone of producing 150 million megawatt hours of wind vitality because the inception of its wind portfolio within the early 2000s. With a dedication to a accountable transition to extra sustainable vitality sources, so far the corporate has retired 2,400 MW of fossil-fuel era.
At this time, roughly half of the vitality that serves Evergy prospects comes from carbon-free sources, together with the Wolf Creek nuclear plant and renewable vitality sources. The corporate has decreased its carbon emissions by greater than 50 p.c since 2005. Evergy’s objective is to cut back carbon emissions by 70 p.c by 2030 in comparison with 2005 ranges, and to attain net-zero carbon emissions by 2045. A mixture of supportive insurance policies and ongoing expertise developments might be wanted to attain net-zero by 2045.
“A various vitality portfolio positions Evergy effectively for the accountable transition of our era fleet,” Campbell mentioned. “We stay dedicated to advancing reliability, affordability and sustainability as we exchange older, higher-cost crops with newer applied sciences. Agency, dispatchable era assets will present the capability wanted to make sure reliability for our prospects whereas our continued funding in renewables helps our carbon discount objectives. Many massive industrial and industrial prospects particularly require entry to reasonably priced renewable vitality, and we’re effectively positioned to ship on that requirement.”
The Built-in Useful resource Plan filed as we speak on the Missouri Public Service Fee is a triennial submitting that features particulars associated to the Evergy Metro and Evergy Missouri West useful resource plans. An analogous submitting might be made in Kansas in Could, which is able to embrace particulars associated to the Evergy Kansas Central portion of the plan.
About Evergy: Evergy, Inc. (NASDAQ: EVRG), serves 1.7 million prospects in Kansas and Missouri. Evergy’s mission is to empower a greater future. Our focus stays on producing, transmitting and delivering dependable, reasonably priced, and sustainable vitality for the good thing about our stakeholders. At this time, about half of Evergy’s energy comes from carbon-free sources, creating extra dependable vitality with much less impression to the atmosphere. We worth innovation and adaptableness to provide our prospects higher methods to handle their vitality use, to create a protected, various and inclusive office for our workers, and so as to add worth for our buyers. Headquartered in Kansas Metropolis, our workers are lively members of the communities we serve.
Press launch from Evergy.
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