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OrganisationsRing Energy
Ring Energy logo

Ring Energy

Electricity TransmissionUnited StatesAMEX: REI
Last verified 24 days agoringenergy.com

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.

5
DitchCarbon score

-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

Very High

Electricity Transmission is among the most carbon-intensive industries

Industry performance

3.039
20182025

The Electricity Transmission industry has reduced its overall emissions by 36% since 2018

Emissions trajectory 2020 – 2026

000.0M000.0M000.0M00.0M0

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2020202120222023202420252026

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

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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