STOCK TITAN

Williams Collaborates with Microsoft on Clean Energy Transition

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Williams (NYSE: WMB) has entered into a Memorandum of Understanding with Microsoft to enhance digital technology across its energy infrastructure while pursuing net zero emissions. The collaboration aims to explore lower carbon initiatives, including hydrogen development and carbon capture. Williams targets a 56% reduction in greenhouse gas emissions by 2030 and contributes significantly to reducing U.S. GHG emissions. With over 30,000 miles of pipelines, Williams plays a crucial role in delivering clean natural gas and renewable energy.

Positive
  • Collaboration with Microsoft aims to innovate energy infrastructure through digital technology.
  • Targeting a 56% reduction in greenhouse gas emissions by 2030.
  • Previous contributions have helped reduce U.S. GHG emissions by 33 million metric tons since 2005.
Negative
  • None.

Williams (NYSE: WMB) has signed a Memorandum of Understanding (MoU) with Microsoft to explore ways to transform one of the nation’s largest energy infrastructure networks through digital technology and innovation while advancing our net zero emissions goals.

“Williams shares Microsoft’s vision for a low carbon future. Likewise, Williams is committed to helping our customers achieve their sustainability goals while meeting energy demand with the reliability of clean natural gas and renewable energy sources,” said Alan Armstrong, president and chief executive officer at Williams. “This alignment between two forward-looking companies demonstrates the environmental and economic benefits that are possible when we work together to achieve reductions in carbon emissions.”

“Microsoft looks forward to working with Williams on their energy transition journey,” said Darryl Willis, corporate vice president of energy at Microsoft. “Through digital transformation and a focus on a net zero carbon future, we will be able to unlock new business models and untapped value.”

Through the MoU, Williams and Microsoft will begin to:

  • Explore lower carbon opportunities with a focus on the development of a hydrogen economy, renewable natural gas products, carbon capture utilization and storage, and energy storage solutions.
  • Evaluate ways for Williams to leverage Microsoft Azure services and solutions to further improve emissions monitoring and reporting.
  • Identify operational efficiencies through a connected workforce and data-driven intelligence.

The MoU also supports Williams’ near-term climate commitment of 56% absolute reduction in company-wide greenhouse gas (GHG) emissions by 2030 by leveraging technology available today to reduce emissions, scale renewables and build a clean energy economy – while looking forward and anticipating future innovations on the path to net zero by 2050.

Since 2005, Williams’ infrastructure has helped the U.S. decrease GHG emissions by 33 million metric tons — the equivalent of removing more than 7 million gasoline-powered cars from the road for a year.

About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.

FAQ

What is the Memorandum of Understanding between Williams and Microsoft about?

The MoU aims to explore digital technology applications to enhance Williams' energy infrastructure and support net zero emissions goals.

What are the goals of Williams under the MoU with Microsoft?

Williams aims to explore lower carbon opportunities, improve emissions monitoring, and identify operational efficiencies.

What sustainability commitment has Williams made for 2030?

Williams is committed to a 56% absolute reduction in company-wide greenhouse gas emissions by 2030.

How has Williams contributed to GHG emissions reductions since 2005?

Since 2005, Williams has helped reduce U.S. GHG emissions by 33 million metric tons.

What is the significance of the partnership with Microsoft for Williams?

The partnership is significant as it aligns with both companies' visions for a low-carbon future and harnesses technology for innovative solutions.

Williams Companies Inc.

NYSE:WMB

WMB Rankings

WMB Latest News

WMB Stock Data

72.54B
1.21B
0.41%
88.49%
1.45%
Oil & Gas Midstream
Natural Gas Transmission
Link
United States of America
TULSA