Throughout 2012, EDF's Energy Innovation Series will highlight around 20 innovations across a broad range of energy categories, including smart grid and renewable energy technologies, energy efficiency financing, and progressive utilities, to name a few. This series will demonstrate that cost-effective, clean energy solutions are available now and imperative to lowering our dependence on fossil fuels.
Find more information on this featured innovation here.
Want to build CPS Energy’s new massive solar project in San Antonio? Pack your bags. You may have to move to the Alamo city and hire a few hundred local employees.
With more than $2.3 billion in annual revenue and $10 billion in total assets, CPS Energy (CPS) is the largest municipally-owned electric and gas utility in the country, providing service to almost 750,000 customers in and around San Antonio, Texas.
CPS’s strategic goals and decisions are among the most progressive in the country. It is shooting for 20 percent renewable energy generation capacity by 2020 and has plans to mothball one of its 1970s-era coal plants in 2018, 15 years earlier than expected. But beyond carbon reduction targets and renewable energy commitments, CPS is using a very old-fashioned tool to spur energy innovation deep in the heart of Texas.
The tool? LEVERAGE. With a $2 billion annual operating budget and the highest credit rating in the industry, CPS has dollars to spend on innovative technologies, and the company is leveraging its renewable energy and clean technology dollars to bolster local job growth, protect the environment and help its customers use energy more wisely. CPS calls it the “New Energy Economy.”
“We have the opportunity to leverage our buying power to benefit our community, by requiring our partners to add more value to San Antonio,” said Doyle Beneby, President & CEO of CPS Energy. “That value comes in the form of jobs for our community by establishing headquarters and adding manufacturing. It also comes in the form of investment in San Antonio’s educational institutions.” Read More