GlobalData offers a comprehensive analysis of Basin Electric Power, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Basin Electric Power’s ESG performance. GlobalData’s company profile on Basin Electric Power offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Basin Electric Powererative, a leading power cooperative, has made significant investments in emissions control technology. Through 2022, the company has invested over $2 billion in emissions control technology, allowing it to grow its load while lowering emissions intensity. The company has achieved impressive reductions in emissions intensity, with a 31.7% reduction in carbon dioxide equivalent (CO2e) emissions, a 74% reduction in nitrogen oxides (NOx) emissions, an 82.6% reduction in sulfur dioxide (SO2) emissions, and a 57.8% reduction in mercury (Hg) emissions since 2015.
Basin Electric has taken several steps to reduce emissions. It has captured 44 million metric tons of carbon dioxide from its Synfuels Plant since 2000, with the captured CO2 being sent via pipeline to Canada for sequestration. The company has also invested $170 million in carbon capture equipment and research and development. Additionally, Basin Electric has been actively adding renewable generation to its portfolio, doubling its wind generating capacity from 2015 to 2020. It currently has over 2,100 megawatts of green and renewable generating capacity, including wind, hydroelectricity, and recovered energy generation.
The cooperative has also made significant investments in transmission infrastructure to support the growth of renewable energy in its service area. It has committed $1.9 billion to high-voltage transmission projects. Basin Electric is committed to environmental stewardship and has planted over 43,000 trees and shrubs in western North Dakota, which will capture thousands of tons of CO2 over their lifetimes.
Basin Electric's efforts in decarbonization and renewable energy have positioned it as a leader in the industry. It has gained expertise in carbon capture, utilization, and storage through its subsidiary, Dakota Gasification Company, and its Great Plains Synfuels Plant. The cooperative has prioritized wind energy, with the largest wind project solely owned and operated by a cooperative in the nation. It has also supported a large wind portfolio through purchased power agreements.
Overall, Basin Electric Powererative is committed to reducing its greenhouse gas emissions. Through investments in emissions control technology, renewable energy generation, and transmission infrastructure, the cooperative is making significant progress towards decarbonization and environmental stewardship.
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