PowerSecure announces 100% Renewable Fuel Initiative for Durham campus microgrid
Rhea-AI Summary
PowerSecure, a subsidiary of Southern Company (NYSE: SO), has announced a 100% Renewable Fuel Initiative for its Durham campus microgrid. The initiative, starting this month, will use hydrotreated vegetable oil (HVO) as a renewable fuel in the PowerBlock generator, part of the hybrid microgrid.
HVO, a high-quality fuel similar to conventional diesel, is produced through hydrotreatment of vegetable oils or renewable raw materials. This initiative aligns with PowerSecure's commitment to innovation, sustainability, and a clean energy future. CEO Chris Cummiskey emphasized the initiative's role in displacing carbon emissions and serving as a milestone for PowerSecure and its clients.
This move is part of PowerSecure's 'all of the above' energy strategy, designed to provide continued value to customers and communities in the rapidly evolving energy sector.
Positive
- Implementation of 100% Renewable Fuel Initiative at Durham campus microgrid
- Use of hydrotreated vegetable oil (HVO) as a sustainable fuel alternative
- Alignment with company's commitment to innovation and sustainability
- Potential for carbon emission displacement
Negative
- None.
News Market Reaction
On the day this news was published, SO gained 0.06%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"PowerSecure continues to bring new innovation to our customers with a commitment to a clean energy future," said PowerSecure CEO Chris Cummiskey. "The use of renewable fuels is a forward-thinking solution with sustainability benefits, including the displacement of carbon emissions. The deployment of renewable fuel at our
Under the
HVO is a type of renewable fuel made from vegetable oils or renewable raw materials. Unlike traditional biodiesel, which is produced through a process called transesterification, HVO is created using a process called hydrotreatment. This involves treating the oils with hydrogen at high temperatures and pressures, resulting in a high-quality fuel that is very similar to conventional diesel in terms of performance and chemical structure. HVO is chemically identical to fossil diesel, allowing for a seamless substitution without requiring any blending, making it the cornerstone of this initiative.
The energy sector is rapidly evolving, driven by customer preferences, technological advancements and environmental initiatives. PowerSecure's "all of the above" energy strategy positions PowerSecure to provide continued value to its customers and communities in this dynamic landscape. Powering the
About PowerSecure
PowerSecure, a subsidiary of Southern Company, stands at the forefront of the distributed energy infrastructure sector in
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the
View original content to download multimedia:https://www.prnewswire.com/news-releases/powersecure-announces-100-renewable-fuel-initiative-for-durham-campus-microgrid-302233350.html
SOURCE PowerSecure
FAQ
What is PowerSecure's new 100% Renewable Fuel Initiative for its Durham campus microgrid?
How does the use of HVO in PowerSecure's microgrid benefit the environment?
What is hydrotreated vegetable oil (HVO) and how does it compare to conventional diesel?
How does the Renewable Fuel Initiative align with PowerSecure's overall strategy?
