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, has disclosed its carbon emissions for the years 2020 through 2023.
In 2023, the company reported total Scope 1 emissions of approximately 111.9 million kg CO2e and Scope 2 emissions of about 81.6 million kg CO2e. This resulted in a combined total of approximately 193.6 million kg CO2e for these scopes.
For 2022, Ring Energy's Scope 1 emissions were approximately 272.4 million kg CO2e, with Scope 2 emissions amounting to about 62.8 million kg CO2e, leading to a total of approximately 335.3 million kg CO2e.
In 2021, Scope 1 emissions were reported as approximately 121.7 million kg CO2e, and Scope 2 emissions were about 59.8 million kg CO2e, for a combined total of approximately 181.7 million kg CO2e.
The company's reported Scope 1 emissions in 2020 stood at approximately 113.7 million kg CO2e, while Scope 2 emissions were around 60.4 million kg CO2e.
Ring Energy has not yet disclosed Scope 3 emissions. The company's provided data indicates it is not currently participating in any formal reduction targets or climate pledges, nor are its emissions data cascaded from a parent organisation. The company's reporting documents are available for review.
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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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