Excelerate Energy
Excelerate Energy, a leading player in the energy sector, is headquartered in the United States and operates primarily in the liquefied natural gas (LNG) industry. Founded in 2003, the company has established itself as a pioneer in providing innovative LNG solutions, including floating storage and regasification units (FSRUs). With a strong presence in key operational regions such as the Americas and the Middle East, Excelerate Energy is recognised for its unique approach to LNG logistics and infrastructure. The company’s core services include LNG transportation, regasification, and supply chain management, which are distinguished by their flexibility and efficiency. Excelerate Energy has achieved significant milestones, including the successful deployment of its FSRU technology, positioning itself as a market leader in the global LNG landscape. Its commitment to sustainability and operational excellence further enhances its reputation within the industry.
DitchCarbon Score
How does Excelerate Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Natural Gas Liquids industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Excelerate Energy's score of 8 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Excelerate Energy's reported carbon emissions
In 2023, Excelerate Energy reported total carbon emissions of approximately 596,397,000 kg CO2e, comprising 596,397,000 kg CO2e from Scope 1 and 145,000 kg CO2e from Scope 2 emissions. This represents a slight increase in Scope 1 emissions compared to 2022, where they recorded about 567,125,000 kg CO2e, alongside 269,000 kg CO2e from Scope 2. In 2021, the company had higher emissions, with Scope 1 at approximately 632,413,000 kg CO2e and Scope 2 at 326,000 kg CO2e. Over the two years from 2021 to 2023, Excelerate Energy has made some progress in reducing its Scope 1 emissions, decreasing from 632,413,000 kg CO2e in 2021 to 596,397,000 kg CO2e in 2023. Despite these figures, Excelerate Energy has not publicly disclosed specific reduction targets or initiatives aimed at further decreasing their carbon footprint. The absence of defined climate pledges or SBTi (Science Based Targets initiative) commitments suggests that while the company is tracking its emissions, it may not yet have formalised a comprehensive strategy for significant long-term reductions. Overall, Excelerate Energy's emissions data highlights the ongoing challenges in managing carbon outputs within the energy sector, particularly as they navigate the transition towards more sustainable practices.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 632,413,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 326,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Excelerate Energy is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
