Suburban Renewable Energy Named Finalist in Reuters Global Energy Transition Awards 2024
Suburban Renewable Energy, a subsidiary of Suburban Propane Partners, L.P. (NYSE: SPH), has been named a finalist in the Reuters Global Energy Transition Awards 2024. Recognized in the Portfolio Transformation category, the award highlights significant portfolio evolution and a shift towards clean energy. Suburban Propane’s move to form Suburban Renewables in 2022 is a key part of its strategy to diversify its portfolio with renewable propane, rDME, hydrogen, and RNG. The Reuters Global Energy Transition Conference will take place in New York from June 25-27. The company aims to reduce its reliance on conventional energy sources and lead the way in renewable energy.
Spokesperson Nandini Sankara emphasized the company's commitment to the renewable energy future. Suburban Propane serves approximately one million customers across 42 states with various energy needs, including renewable energy solutions. The company also prioritizes community engagement and green initiatives through its Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane pillars. For more details, visit Suburban Propane's website or the Reuters event page.
- Suburban Renewable Energy is recognized for its shift towards clean energy.
- Named a finalist in the Portfolio Transformation category at the Reuters Global Energy Transition Awards 2024.
- Successful diversification into renewable propane, rDME, hydrogen, and RNG.
- Ongoing dependency on traditional energy sources, although reduced.
- No specific details on the measurable impact of the renewable initiatives.
The awards are part of the Reuters Global Energy Transition Conference taking place in
"Suburban Renewables is honored to be named a finalist in the important Portfolio Transformation category in the Reuters Global Energy Transition Awards. Suburban Propane's transformative journey, marked by the formation of Suburban Renewables and portfolio diversification into renewable propane, rDME, hydrogen, and RNG, showcases our ongoing commitment to the future of the renewable energy landscape," said Nandini Sankara, Spokesperson, Suburban Renewables and Suburban Propane.
In 2022, the company established Suburban Renewables, which builds off Suburban Propane's legacy as a trusted and reliable provider of energy and exceptional customer service. This renewable energy platform serves as the cornerstone of the Company's portfolio diversification strategy housing Suburban Propane's RNG, rDME, renewable propane, and hydrogen operations and investments, laying the framework for continued transformation. The portfolio diversification helps diminish dependence on conventional energy sources in favor of lower-carbon alternatives like renewable propane, rDME, RNG, hydrogen, and even traditional propane, which is less carbon-intensive than other traditional fuels.
Suburban Propane's multifaceted approach to energy transition, coupled with innovative technologies, addresses environmental challenges, and positions the Company as a leader in the transition towards a more sustainable and resilient energy future.
To view the full list of Awards categories and list of finalists for the Reuters Global Energy Transition Awards 2024, visit: https://events.reutersevents.com/energy-transition/global-energy-transition-awards/finalists/.
About Suburban Renewables:
Formed in 2022, Suburban Renewables is an interconnected, renewable energy platform that builds off the well-established legacy of Suburban Propane, and houses the Company's family of renewable energy assets and technologies.
Suburban Renewables also drives long-term strategic growth and diversification efforts to identify new areas of investment, strategic partnerships, and collaborations within the renewable energy space, and paves the way to a low carbon future. Suburban Propane leads the industry toward a transition to a renewable energy future through unique, innovative, and profitable business ventures.
About Suburban Propane:
Suburban Propane Partners, L.P. ("Suburban Propane") is a publicly traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany,
Suburban Propane is supported by three core pillars: (1) Suburban Commitment – showcasing Suburban Propane's 95-year legacy, an ongoing commitment to the highest standards for dependability, flexibility, and reliability that underscores Suburban Propane's commitment to excellence in customer service; (2) SuburbanCares – highlighting continued dedication to giving back to local communities across Suburban Propane's national footprint; and (3) Go Green with Suburban Propane – promoting the clean burning and versatile nature of propane and renewable propane as a bridge to a green energy future and investing in the next generation of innovative, renewable energy alternatives.
For additional information on Suburban Propane, please visit suburbanpropane.com.
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SOURCE Suburban Propane Partners, L.P.
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