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.
-20 vs industry average
Ring Energy’s score of 5 is lower than 12% 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 38% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Ring Energy's reported carbon emissions
Ring Energy, a US-based company operating in transmission services of electricity, reported its carbon emissions for the years 2020 through 2023. For **2023**, the company's Scope 1 emissions totalled approximately 111.9 million kg CO2e, with fugitive emissions contributing about 2.3 million kg CO2e. Scope 2 emissions for the same year were approximately 81.6 million kg CO2e, primarily from purchased electricity (about 78,000 kg CO2e). The total reported Scope 1 and 2 emissions for 2023 amounted to approximately 193.6 million kg CO2e. In **2022**, Ring Energy's Scope 1 emissions were approximately 272.4 million kg CO2e, including about 3.7 million kg CO2e from fugitive emissions. Scope 2 emissions were approximately 62.8 million kg CO2e, with purchased electricity accounting for roughly 73,000 kg CO2e. The combined Scope 1 and 2 emissions reached approximately 335.3 million kg CO2e. For **2021**, Scope 1 emissions were approximately 121.7 million kg CO2e, with fugitive emissions at about 1.9 million kg CO2e. Scope 2 emissions for 2021 were approximately 59.8 million kg CO2e, including around 77,000 kg CO2e from purchased electricity. The total Scope 1 and 2 emissions for this year were approximately 181.7 million kg CO2e. In **2020**, Scope 1 emissions were approximately 113.7 million kg CO2e, with fugitive emissions totalling about 6.8 million kg CO2e. Scope 2 emissions were approximately 60.4 million kg CO2e. The company did not report Scope 3 emissions for any of the analysed years. Ring Energy has not disclosed specific reduction targets or commitments in the provided information.
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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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Ring Energy
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