The Path to Drawdown: Electrical Utility
Electric utilities play an important role in the path to a world of net-zero emissions. They provide the connective tissue between key Drawdown solutions: renewable energy generation and energy storage. Through long-term power purchase agreements (PPAs), utilities enable renewable energy developers to secure buyers for their power and unlock project finance. Utility companies also often control electrical grids, putting them in the position to prioritize (or deprioritize) the extent to which the grid is outfitted for the intermittency of solar and wind power generation. They also are key players in greenlighting the development of large-scale energy storage.
There are dozens of investor-owned utilities traded on the New York stock exchange (such as Duke, NextEra, Dominion, Xcel, PG&E, etc.), and many of them are purchasing or developing renewable power capacities to provide clean electricity to customers across large regions. We use a stringent criteria to determine which utilities are significantly contributing to the low-carbon energy transition.
Montauk Renewables, Inc. (stock ticker: MNTK) is a renewable energy company specializing in the recovery and processing of biogas from landfills and other non-fossil fuel sources. They own and operate renewable renewable gas projects that supply renewable fuel into the transportation and electric power sectors. They're based in Pittsburgh, Pennsylvania.
MNTK's Role in Drawdown
Montauk obtains biogas feedstock from biogas site hosts, and converts biogas into renewable natural gas in one of their 12 renewable natural gas facilities. Renewable natural gas is a pipeline-quality gas from biogas that's produced by microbes as they break down organic matter in the absence of oxygen. Because using biogas as fuel prevents the release of methane, it's considered a sustainable fuel source.
MNTK: What We Like
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