Xcel Energy

Xcel Energy, a leading electricity provider in the US, has outlined ambitious climate commitments aimed at significantly reducing its carbon footprint. The company has set a target to deliver 100% carbon-free electricity by 2050, with a crucial interim goal of reducing carbon emissions from electricity provided to customers by 80% by 2030, measured against 2005 levels. This commitment encompasses Scope 1, 2, and 3 emissions.

In terms of emissions, for the reporting year 2025, Xcel Energy reported approximately 52.91 billion kg CO2e in total emissions. This comprised about 29.31 billion kg CO2e of Scope 1 emissions and approximately 380 million kg CO2e of Scope 2 emissions. Scope 3 emissions were reported at around 23.23 billion kg CO2e.

For the reporting year 2024, total emissions were approximately 55.42 billion kg CO2e, with Scope 1 emissions at about 32.66 billion kg CO2e and Scope 2 emissions at approximately 760 million kg CO2e. Scope 3 emissions for 2024 amounted to approximately 22.10 billion kg CO2e.

In 2023, Xcel Energy reported total emissions of approximately 59.61 billion kg CO2e, consisting of around 36.18 billion kg CO2e for Scope 1 and approximately 310 million kg CO2e for Scope 2. Scope 3 emissions for 2023 were approximately 23.32 billion kg CO2e.

The year 2022 saw total emissions of approximately 62.96 billion kg CO2e. This included about 37.96 billion kg CO2e of Scope 1 emissions and approximately 740 million kg CO2e of Scope 2 emissions. Scope 3 emissions for 2022 were approximately 24.26 billion kg CO2e.

Xcel Energy's strategy to achieve these reductions involves leveraging technologies such as wind, solar, nuclear, and battery storage. The company is also working towards net-zero natural gas service by 2050, with interim goals for reducing greenhouse gas emissions from natural gas supply, delivery, and customer use by 25% by 2030, including achieving net-zero methane emissions from its distribution system. Furthermore, Xcel Energy aims to power zero-carbon transportation by 2050, with a near-term goal of enabling one in five vehicles to be electric by 2030.