At Eversource, our commitment to environmental sustainability is an important part of our daily business operations, and a key aspect of our vision to become the best energy company in the nation.
Sustainability is embedded into all we do — technological innovations, our growing renewable energy portfolio, the environmental considerations of our operations, and how we personally contribute to our communities and grow our business in a responsible manner.
Sustainability receives formal oversight and measurement at every level of the company. We are dedicated to empowering a clean energy future and conducting our business in a way that respects and protects the environment for this and future generations.
Eversource has initiatives to address the impact of climate change that focus on both carbon reduction and resiliency. The company’s strategy is aligned with our states’ strong interest in reducing carbon emissions and addressing climate change. It also reflects our desire to protect our environment and support a clean energy future for New England.
We continue to build the infrastructure our 4 million electric, natural gas and water customers require. We invested a record $2.83 billion in our core businesses in 2018.
In addition to improving reliability and connecting new customers, these investments support New England’s goals to sharply reduce greenhouse gas emissions.
Eversource is a catalyst for clean energy. Perhaps our most exciting clean energy development is the recent expansion of our partnership with Ørsted to develop up to 4,000 megawatts (MW) of offshore wind turbines off the coast of New England.
Ørsted is the largest and most successful operator of offshore wind projects in the world. New England has perhaps the best offshore wind sites in the United States, and we consider offshore wind a significant future source of clean energy for our customers.
Our efforts to support the energy policies of the states we serve involve many company initiatives, including the nearly $500 million we invest annually to help our customers use their energy more efficiently.
We are very pleased that we maintained our No. 1 position in the nation for energy efficiency programs, according to Ceres’ most recent benchmarking report. Clean energy achievements in 2018 included:
- Expanding our company-owned solar generation capacity.
- Becoming the first utility in Massachusetts to receive approval for grid-scale energy storage.
- Accelerating our deployment of electric vehicle charging infrastructure.
- Entering into energy supply contracts for large-scale clean energy projects, including offshore wind and hydropower.
Also among our proudest achievements was our measured progress in diversity and inclusion (D&I) - underscored by my signing the “CEO Action for D&I,” a nationwide effort to drive inclusion across all regions and industries - and our continued support of local and regional community organizations.
I am excited about our future and the opportunities ahead for our evolving industry. I look forward to leading our 8,000 employees in our continued commitment to sustainability and strong customer service.
- James J. Judge
Chairman, President & Chief Executive Officer