Diversifying our energy portfolio with renewables will reduce emissions and increase choices for our customers.
Renewables
We are building a Smart Energy Future, with a durable energy grid prepared to embrace new technologies and renewables, including universal solar, battery storage and wind.
As our older electric assets continue to age, and new and even more efficient technologies emerge, we have a plan for ensuring a reliable, reasonably priced and well-balanced energy mix for southwestern Indiana.
We are pursuing a Smart Energy Future influenced by customers. We are committed to continued reliability through a balanced and flexible energy mix and helping to create a cleaner environment driven by increased renewables and significant carbon reductions, all while responsibly managing costs.
We have announced plans to retire 730 megawatts (MW) of coal-fired generation plans in Indiana in favor of 700-1,000 MW of solar generation and 300 MW of wind, and we have significant plans to invest $ 1.3 billion by 2025.
We have 54 MW of operational universal solar projects, including 50 MW in Troy, Ind., and two 2 MW solar projects in Vanderburgh County, which also include 1 MW of battery storage. More solar projects are planned to be online by 2024, with an added 300 MW of wind expected to come online by 2025.
In August 2021, CenterPoint Energy announced that our Indiana-based electric and natural gas business filed a request for approval from the Indiana Utility Regulatory Commission to enter into two power purchase agreements (PPAs) for an additional 335 MWs of solar energy as part of the next component in the company’s long-term electric generation transition plan.
Direct Renewable Investments
Expanding Our Renewable Portfolio in Indiana
- Supporting our Net Zero transition
- 1.1 gigawatts (GW) of renewable generation by 2025
- Addressing our remaining coal facility in our 2022 Integrated Resource Plan
Supporting Renewable Investments
Connecting Renewable Generation in the Houston area
- $765 million of investments over 10 years
- 10 utility-scale solar projects are under development
- Evaluating incremental projects: 20 renewable and 19 storage projects in 2022 and 2023
CenterPoint Energy is exploring the potential of renewable hydrogen as a zero-carbon energy resource for use in our local gas distribution systems.
Because there are no greenhouse gas emissions from either its production or use, renewable hydrogen is gaining increased attention as a clean energy resource for a wide range of possible uses, including as an important zero-carbon alternative or supplement to conventional natural gas.
Initiating a Renewable Hydrogen Pilot
CenterPoint Energy is constructing a 1 MW renewable hydrogen demonstration project in Minneapolis that will separate hydrogen from water using electrolysis powered by renewable electricity. This green hydrogen project is expected to be online by the end of 2021.