Cashu Logo
HomeWatchlistNewsSignalsPicks
DJI
+0.10%
SPX
+0.05%
IXIC
-0.22%
FTSE
+0.26%
N225
0.00%
AXJO
0.00%
Cashu Logo
⌘K
Log In
HomeWatchlistNewsSignals
Stocks
Consumer Discretionary
cps
CooperStandard Holdings
NYSE: CPS
+11.05 (+32.36%)
45.2
USD
At close at Feb 16, 21:38 UTC
Summary
News
Signals
Benchmarks
Financials

CPS Energy's Battery Storage RFP: Paving the Way for Sustainable Energy Solutions

publisher logo
Cashu
2 months ago
Cashu TLDR
  • CooperStandard Holdings is not mentioned in the provided content; it focuses solely on CPS Energy's initiatives.
  • CPS Energy aims to enhance sustainability with a RFP for 500 MW of battery storage capacity.
  • The initiative supports San Antonio's Climate Action Plan, targeting carbon neutrality by 2050.
cps Logo
CPS
CooperStandard Holdings
32.36%

CPS Energy Drives Sustainable Energy Initiatives with New Battery Storage RFP

CPS Energy, the largest public power and natural gas utility in the United States, takes a significant step toward enhancing energy sustainability by issuing a Request for Proposal (RFP) for up to 500 megawatts (MW) of additional battery storage capacity. This initiative is a key component of the company's Vision 2027 Generation Plan, which aims to provide affordable and reliable energy solutions for the greater San Antonio area. President and CEO Rudy D. Garza emphasizes that this strategic move not only enhances energy reliability but also aligns with broader environmental goals, positioning CPS Energy as a leader in the transition to a cleaner energy future.

The RFP process is set to culminate on January 30, 2026, with the expectation that CPS Energy will secure more than 1,000 MW of operational or contracted battery storage capacity, bolstering its current offerings that include 50 MW already online and another 470 MW in development expected to be operational by 2026. This substantial increase in battery storage capacity is crucial for managing renewable energy resources, ensuring stability in energy supply, and accommodating the growing demand from customers. The initiative also reflects CPS Energy's commitment to supporting the City of San Antonio's Climate Action & Adaptation Plan (CAAP), which targets carbon neutrality by 2050, underscoring the importance of innovation in achieving environmental sustainability.

CPS Energy’s longstanding history and engagement with the community further enhance its role as a trusted energy provider. Established in 1860, the utility serves over 970,000 electric and 390,000 natural gas customers, contributing significantly to the local economy with $10.1 billion in revenue since 1942. In addition to its operational goals, CPS Energy prioritizes job creation and community involvement, with employees actively participating in volunteer efforts. This multifaceted approach not only strengthens the company’s relationship with its customers but also reinforces its commitment to fostering economic development in the region.

In related news, CPS Energy continues to promote its efforts in renewable energy and community engagement through various initiatives. The company’s focus on sustainability is complemented by its active participation in local events that raise awareness of energy conservation and efficiency. As CPS Energy advances its plans for enhanced battery storage, it positions itself at the forefront of the energy transition, demonstrating a commitment to innovation and environmental stewardship in the ever-evolving energy landscape.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

More News

Feature in Progress
This section is under development. Check back soon for updates!
Join our newsletter to keep up to date with us!
Cashu Logo Alt
Cashu is the #1 way to stay ahead of the markets, know why your favourite stocks are moving and access valuation signals that smash the market.

Company

  • About Us
  • Careers
  • Blog
  • News

Help & Support

  • Help Center
  • Contact Us
  • Pro Support

Legal

  • Privacy Policy
  • Terms of Use
InstagramYouTube

© 2024 Cashu PTY LTD.