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Eversource Energy (NYSE:ES) is a distinguished Fortune 500 and S&P 500 energy company based in Connecticut, Massachusetts, and New Hampshire. As the operator of New England’s largest energy delivery system, Eversource Energy serves over 3.7 million electric and natural gas customers. The company is steadfast in its commitment to safety, reliability, environmental leadership, and expanding energy options.
Founded with a commitment to customer satisfaction and community service, Eversource Energy has grown through strategic acquisitions, including NStar in 2012, Aquarion in 2017, and Columbia Gas in 2020. This expansion has enabled the company to provide rate-regulated electric, gas, and water distribution services to more than 4 million customers in the Northeast U.S.
In recent developments, Eversource Energy is in the process of exiting its 50% partnership with European utility Ørsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. This move is part of the company's broader strategy to focus on its core regulated businesses. Eversource had previously exited most of its unregulated businesses in 2006.
At the heart of Eversource Energy’s success are its dedicated employees. The company prides itself on fostering a diverse, talented team that values teamwork, collaboration, and safety. This engaged workforce is essential to delivering reliable energy services and achieving the company’s goals.
Financially, Eversource Energy remains robust, with ongoing projects aimed at improving infrastructure and expanding renewable energy sources. The company’s dedication to environmental stewardship is evident through its initiatives to enhance energy efficiency and sustainability.
Recent news highlights the dynamic nature of Eversource’s operations:
- Partnership exit with Ørsted for offshore wind projects.
- Ongoing infrastructure improvements.
- Commitment to environmental sustainability.
Eversource Energy (NYSE: ES) will host a conference call on May 4, 2023, at 9 a.m. Eastern Time, to discuss its financial performance for the first quarter of 2023. This live call will be accessible via the Investors section of the company's website. Eversource is recognized as a leading energy company with a commitment to corporate citizenship, ranking #1 in Newsweek's list of America’s Most Responsible Companies 2023. The company services approximately 4.4 million customers in Connecticut, Massachusetts, and New Hampshire, emphasizing reliable energy and water delivery alongside superior customer service. Its initiatives focus on sustainable energy resources, including solar, offshore wind, electric vehicles, and battery storage, marking its role in promoting a clean energy future.
Ørsted and Eversource showcased the progress on the first American-built offshore wind service operations vessel (SOV), ECO EDISON, at the Edison Chouest shipyard in Louisiana. The SOV, currently 50% complete, marks a significant step in developing a domestic offshore energy supply chain. Designed for safety and efficiency, the vessel will support offshore wind projects capable of powering over a million U.S. homes. With over 400 workers involved, this initiative signifies a strong investment in local job creation and energy independence, expected to be operational by 2024.
Eversource Energy (NYSE: ES) has once again been recognized by Barron’s as the top utility in its 2023 Most Sustainable Companies list, ranking 17th overall, up from 40th last year. This marks the fourth consecutive year Eversource has made the list, reflecting its commitment to sustainability across operations. The ranking is based on over 230 environmental, social, and governance (ESG) metrics, highlighting the company's performance concerning customers, communities, and the planet. Eversource serves approximately 4.4 million customers in Connecticut, Massachusetts, and New Hampshire and employs around 9,600 individuals.
Ørsted and Eversource have announced a joint proposal for Revolution Wind 2, an 884-megawatt offshore wind project aimed at powering over 500,000 Rhode Island homes. The initiative represents more than $2 billion in economic benefits, including job creation and investments in ports and shipbuilding. If selected, it will significantly contribute to Rhode Island's clean energy goals and create hundreds of local jobs. The project supports environmental justice and workforce training initiatives. Revolution Wind 2 is part of Rhode Island's broader commitment to achieve 100% clean energy by 2033, aligning with the state's emerging offshore wind industry.
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