Ring Energy, Inc., a prominent player in the transmission services of electricity sector, is headquartered in the United States. Founded in 2011, the company has established itself as a key provider of energy solutions, primarily focusing on the transmission and distribution of electrical power across various regions.
With a commitment to delivering reliable and efficient services, Ring Energy offers a range of core products, including advanced transmission infrastructure and innovative energy management solutions. Their unique approach combines cutting-edge technology with a customer-centric focus, setting them apart in a competitive market.
Recognised for their operational excellence, Ring Energy has achieved significant milestones, positioning themselves as a trusted partner in the energy sector. Their dedication to sustainability and efficiency continues to drive their growth and influence within the industry.
-22 vs industry average
Ring Energy’s score of 5 is lower than 11% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity Transmission is among the most carbon-intensive industries
Industry performance
The Electricity Transmission industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Ring Energy's reported carbon emissions
Ring Energy, a US-based firm in the transmission services of electricity sector, reported a total of approximately 193,551,000 kg CO2e for Scope 1 and Scope 2 emissions in 2023. This comprised about 111,920,000 kg CO2e for Scope 1 emissions and approximately 81,623,000 kg CO2e for Scope 2 emissions.
In 2022, the company's combined Scope 1 and Scope 2 emissions were approximately 335,282,000 kg CO2e, with Scope 1 emissions totalling around 272,367,000 kg CO2e and Scope 2 emissions at about 62,842,000 kg CO2e.
For 2021, Ring Energy reported total Scope 1 and Scope 2 emissions of approximately 181,653,000 kg CO2e, consisting of roughly 121,739,000 kg CO2e in Scope 1 and approximately 59,837,000 kg CO2e in Scope 2.
In 2020, Scope 1 and Scope 2 emissions amounted to approximately 174,113,000 kg CO2e, with Scope 1 emissions at about 113,690,000 kg CO2e and Scope 2 emissions at approximately 60,423,000 kg CO2e.
Ring Energy has not disclosed specific reduction targets or commitments to the Science Based Targets initiative (SBTi). The company's reporting currently covers Scope 1 and Scope 2 emissions, with Scope 3 data not yet disclosed.
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Ring Energy’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Ring Energy yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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