Xcel Energy
Xcel Energy, a leading utility provider in the United States, is headquartered in Minneapolis, Minnesota. Founded in 1909, the company has established itself as a key player in the energy sector, serving millions of customers across eight states, including Colorado, Texas, and Minnesota. Xcel Energy operates primarily in the electric and natural gas industries, focusing on sustainable energy solutions and innovative technologies. The company is renowned for its commitment to renewable energy, boasting one of the largest wind energy portfolios in the nation. Xcel Energy's core services include electricity generation, transmission, and distribution, alongside natural gas services, all designed to meet the evolving needs of its customers. With a strong emphasis on sustainability and customer satisfaction, Xcel Energy has received numerous accolades for its environmental initiatives and reliability, solidifying its position as a trusted energy provider in the market.
DitchCarbon Score
How does Xcel 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 Electricity from Other Sources 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
Xcel Energy's score of 54 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Xcel Energy's reported carbon emissions
In 2023, Xcel Energy reported total carbon emissions of approximately 36,180,000,000 kg CO2e for Scope 1, 310,000,000 kg CO2e for Scope 2, and 23,320,000,000 kg CO2e for Scope 3. This reflects their ongoing commitment to reducing carbon emissions across all scopes. Xcel Energy has set ambitious climate commitments, aiming to achieve net-zero emissions by 2050. This long-term goal encompasses all scopes of emissions while ensuring reliable service and maintaining low customer bills. In the near term, the company targets an 80% reduction in Scope 2 emissions by 2030, aligning its carbon emissions trajectory with science-based scenarios to limit global warming to 1.5°C. The company’s emissions intensity for owned and purchased generation was reported at 371.0 kg CO2e per MWh in 2023, demonstrating a commitment to improving efficiency and reducing the carbon footprint of its electricity generation. Xcel Energy's proactive approach to climate action positions it as a leader in the energy sector, focusing on sustainable practices and significant emissions reductions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 37,960,000,000 | 00,000,000,000 |
| Scope 2 | 740,000,000 | 000,000,000 |
| Scope 3 | 24,260,000,000 | 00,000,000,000 |
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.
Xcel 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.
