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As utilities risk missing carbon reduction targets, analysts stress need for organizational change

July 1, 2021

A growing number of utilities have ambitious energy transition goals but many fall short of their ambitions and a new Smart Electric Power Alliance (SEPA) initiative asks why.

By April 2021, at least 73 U.S. utilities serving 71% of customer accounts had emissions reduction goals and at least 51 had net zero emissions by 2050 goals, according to SEPA’s survey. But “much work remains” to reach the goals. Only 18% of utilities surveyed have over 50% penetrations of the variable and distributed renewables that will fuel “a carbon-free future,” SEPA reported.

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