South Calif Gas - SOCGP STOCK NEWS

On January 30, 2023, SoCalGas unveiled the [H2] Innovation Experience in Downey, California. This innovative microgrid utilizes renewable hydrogen to power over 100 homes continuously for up to seven days, showcasing California's commitment to clean energy and decarbonization. The project draws solar energy, converts it into hydrogen for storage, and utilizes it for various household appliances. SoCalGas aims for net-zero greenhouse gas emissions by 2045, bolstered by initiatives like the Angeles Link green hydrogen pipeline. The project has received accolades such as Fast Company's World-Changing Ideas Award for its sustainable vision.

Sempra Infrastructure announced a long-term sale and purchase agreement with PKN ORLEN for liquefied natural gas (LNG) from the Port Arthur LNG Phase 1 project in Jefferson County, Texas. PKN ORLEN will purchase approximately 1 million tonnes per annum (Mtpa) of LNG for 20 years, fully subscribing the project's off-take capacity at 10.5 Mtpa under binding contracts. This agreement strengthens PKN ORLEN's energy security in Central Europe. Sempra aims to make a final investment decision (FID) in Q1 2023, with first cargo deliveries expected in 2027. The project includes two liquefaction trains, allowing significant LNG production capacity.

Southern California Gas Co. (SoCalGas) has received the Sustainable Innovation Award from the U.S. Green Building Council - Los Angeles for its [H2] Innovation Experience project in Downey, California. Recognized for its commitment to sustainability, this microgrid project integrates clean hydrogen production and storage with renewable energy sources, demonstrating potential for reliable energy solutions. SoCalGas aims for net-zero greenhouse gas emissions by 2045 and has previously won accolades for transformative sustainability measures in the energy sector.

Southern California Gas has partnered with Emerson to showcase its innovative residential microgrid, the [H2] Innovation Experience, in Southern California. This project, one of the first of its kind in the U.S., integrates renewable hydrogen production through solar energy, enabling carbon-free gas utilization in home energy systems. The setup includes a solar array, energy storage, and an electrolyzer. This initiative aligns with California's goals for net-zero emissions, supporting sustainable power demand and highlighting advanced automation technologies.

Southern California Gas Co. (SoCalGas) announced the successful production of renewable hydrogen for its [H2] Innovation Experience microgrid project in Downey. This milestone marks the first kg of hydrogen produced on-site, aiming to support California's clean energy goals. The microgrid can power residential areas using solar energy and blended hydrogen with natural gas in home appliances. The project aligns with SoCalGas's commitment to achieve net-zero greenhouse gas emissions by 2045, showcasing the potential of renewable hydrogen in enhancing energy reliability and sustainability in the region.

San Diego Gas & Electric (SDG&E) has submitted a proposal to the California Public Utilities Commission for a project at UC San Diego to study hydrogen blending with natural gas. This project aims to explore how up to 20% hydrogen can be injected into existing gas infrastructure, supporting California's carbon neutrality goal by 2045. If approved, the project will begin construction in Q2 2024 and focus on safety, public outreach, and research collaboration. Hydrogen's use is pivotal for a clean energy future, leveraging California's renewable resources while stimulating economic growth.

SoCalGas recently announced a $100,000 donation to the GLAAACC Education Fund for STEM scholarships. The announcement coincided with Jeffery Walker, SoCalGas Senior VP, being honored as Corporate Executive of the Year. The fund supports students from local high schools pursuing post-secondary education. SoCalGas has previously donated over $2.9 million in scholarships and aims to invest $50 million into diverse communities over five years as part of its ASPIRE 2045 sustainability goals. Walker also emphasized a 49% increase in spending with African American suppliers.

San Diego Gas & Electric released a study addressing California's challenge to achieve carbon neutrality by 2045. The report emphasizes a diversified decarbonization approach, combining clean electricity, fuels, and carbon removal. Key findings suggest California must decarbonize at 4.5 times the previous decade's pace and increase electric generation capacity fourfold. The study highlights the need for regulatory support to prioritize reliability, affordability, and equity while promoting innovative energy technologies.

Bloom Energy (NYSE:BE) and Southern California Gas Co. (OTC-PINK:SOCGP) are collaborating on a hydrogen project aimed at demonstrating the integration of hydrogen into California's natural gas infrastructure. This initiative, launching at Caltech in Pasadena, will generate hydrogen using Bloom's high-temperature electrolyzer, blending it into the existing natural gas network. The project seeks to aid California in achieving carbon neutrality, showcasing hydrogen's potential for energy resilience and cost-effective storage. The companies emphasize the economic advantages of using less electricity for hydrogen production.