STEP Energy Services Ltd. Advances Sustainability and Safety in Energy Sector Operations
- STEP Energy Services achieved 78% dual-fuel capability, displacing 44.1 million liters of diesel in hydraulic fracturing operations.
- The company plans to launch Canada’s first 100% natural gas engine and is trialing electric-driven equipment for cleaner energy.
- STEP reduced its Total Recordable Incident Rate by 40% and supports local communities through charitable initiatives like the Christmas Spirit Campaign.
### STEP Energy Services Drives Sustainability and Safety in the Energy Sector
STEP Energy Services Ltd. continues to make significant strides in sustainability and safety, as highlighted in its recent 2024 Environmental, Social, and Governance (ESG) Performance Update. Operating primarily in the hydraulic fracturing sector, the company showcases a dual commitment to environmental responsibility and operational excellence. In 2024, STEP reports that 78% of its total horsepower, equating to 474,800 HP, is now dual-fuel capable. This innovation allows the company to displace approximately 44.1 million liters of diesel during its hydraulic fracturing operations, a critical step in reducing its environmental footprint and enhancing operational efficiency.
The company’s commitment to sustainability does not stop at diesel displacement. STEP is set to introduce Canada’s first 100% natural gas reciprocating engine for fracturing operations, signaling a shift towards cleaner energy sources. Additionally, the company is trialing electric-driven equipment, further aligning its operations with the evolving needs of the energy sector and the expectations of its clients. This comprehensive approach to reducing environmental impact reflects STEP's proactive stance in an industry increasingly scrutinized for its carbon footprint.
Safety remains a cornerstone of STEP’s operational strategy, with the company achieving a remarkable 40% reduction in its Total Recordable Incident Rate (TRIR) compared to 2023. This improvement is a direct result of STEP’s rigorous safety programs and a robust safety culture that permeates its workforce of 1,251 professionals across North America. Furthermore, STEP’s engagement with local communities is evident through its Christmas Spirit Campaign, which has raised over $1 million for local charities since 2012. This dual focus on safety and community outreach not only strengthens STEP's reputation but also aligns its business model with responsible energy development.
In addition to its impressive operational achievements, STEP Energy Services emphasizes transparency in its growth initiatives, navigating an evolving regulatory landscape with a clear commitment to environmental and social governance. The company’s strategic focus on sustainability, safety, and community engagement positions it favorably for long-term success in the energy sector, ensuring it meets the changing demands of its clients while contributing positively to the communities it serves. As STEP continues to innovate and enhance its operational practices, it underscores its dedication to delivering reliable energy solutions while prioritizing the well-being of both the environment and society.