Entergy 2023 performance report touts upcoming system investments, net-zero emissions progress

In a report titled “Energy for a better future,” Entergy recently detailed its progress throughout 2023, including composing plans to invest nearly $19.8 billion into its energy delivery system, the approval of approximately 1,900 MW of renewable energy projects and carbon reduction progress.

Stability and green energy took front and center. Entergy highlighted the major upcoming investment into its energy system that it said would ultimately benefit customers, particularly when coupled with programs such as the federal Low Income Home Energy Assistance Program. While details were scarcer there, it also emphasized more specifically its approximately 1,900 MW of renewable energy projects currently underway, from tiny projects like the 1 MW Hinds Solar facility in Jackson, Miss., to a massive 2,000 MW request for proposal for solar and wind known as ETI Solar.

To date, the report noted Entergy had achieved nearly a quarter of its 2030 carbon emissions reduction goals, which called for a 50 percent carbon-free capacity. Further, its CO2 emission rate sits 38 percent lower than 2000 rates. It still insists it can reach net-zero greenhouse gas emissions by 2050.

“As we build upon a successful 2023, Entergy is well-positioned to amplify our impact and power life in the years ahead,” Drew Marsh, Entergy’s chair and CEO, said. “Our proactive investments in customer-centric solutions, including system resilience, clean energy and renewables, demonstrate our dedication to meeting evolving customer and community needs. We are nurturing a workforce that not only supports our growth and investments but also mirrors the vibrant diversity of the communities we serve, paving the way for a sustainable energy transition and a brighter future.”

In terms of community nurturing, the report claimed that Entergy had helped attract or expand 63 economic development projects in the company’s utility service area. That amounted to more than $17.7 billion in the region.

Other elements of the 2023 performance report included an emphasis on inclusivity in its workforce, strategic community partnerships, and financial growth.