Black Hills Corp. Releases 2024 Corporate Sustainability Report Highlighting Progress on Climate Goals and Innovation

Rhea-AI Summary

Black Hills Corp (NYSE: BKH) has released its 2024 Corporate Sustainability Report, highlighting significant progress in environmental and social initiatives. The company has achieved a 38% reduction in electric utility emissions since 2005 and remains on track for its 40% reduction target by 2030 and 70% by 2040.

Key achievements include the acquisition of a renewable natural gas facility in Iowa, partnerships in coal to hydrogen technology development, and carbon sequestration testing. The company's economic impact reached $1.5 billion in 2024, including $3.8 million in charitable giving. Through energy efficiency programs, Black Hills helped customers achieve energy savings equivalent to powering over 1,500 homes with electricity and 246 homes with natural gas annually.

Positive

• 38% reduction in electric utility emissions since 2005, on track for 40% by 2030 and 70% by 2040
• Acquisition of renewable natural gas facility in Iowa to heat 1,800+ homes annually
• $1.5 billion total economic impact in 2024
• Successful implementation of energy efficiency programs saving equivalent power for 1,500+ homes

Negative

• None.

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RAPID CITY, S.D., June 26, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced the release of its 2024 Corporate Sustainability Report, showcasing the company’s continued commitment to a resilient energy future through safe, reliable and cost-effective energy solutions.

“For 141 years, we’ve powered progress through the delivery of electricity and natural gas. Today, our sustainability efforts are integrated into every part of our business,” said Linn Evans, president and CEO of Black Hills Corp. “This year’s report reflects the dedication of our employees and our belief that a diverse mix of energy sources is the foundation for long-term success in meeting our customers’ evolving energy needs.”

Driving meaningful progress

The 2024 report highlights Black Hills Corp.’s achievements across environmental, economic and governance priorities. The company reported a 38% reduction in electric utility emissions since 2005 and is on track to reduce emissions 40% by 2030 and 70% by 2040. It also continues to advance toward its goal of net zero natural gas utility emissions by 2035.

Additional highlights include:

• Innovating for a resilient energy future: Black Hills Corp. is partnering on strategies to further develop coal to hydrogen technology and has completed initial testing of carbon sequestration capabilities at the company’s Gillette, Wyoming, energy complex.
• Expanding renewable energy solutions: The company's 2024 acquisition of a renewable natural gas facility in Iowa is expected to produce enough RNG to heat more than 1,800 homes annually.
• Empowering customer choice: Through programs like Green Forward and more than $10 million in energy efficiency rebates, Black Hills Corp. helped customers save the energy equivalent of powering over 1,500 homes with electricity and 246 homes with natural gas for one year.
• Investing in communities: Black Hills Corp.'s total economic impact reached approximately $1.5 billion in 2024, including $3.8 million in charitable giving and energy assistance across the company's eight-state service territory. The company’s charitable impact was made possible by our incredible team—which collectively and generously contributed $441,000 to United Way and $73,711 to Black Hills Cares. With company matching, that support grew to include $551,000 for United Way and $346,000 in energy assistance, helping strengthen the communities the company serves.
• Strengthening workplace culture: Black Hills Corp. continues to foster an environment where employees feel empowered to contribute, collaborate and grow while advancing the company’s mission to improve life with energy.
  
  

To learn more about the company’s progress and sustainability commitments, visit blackhillsenergy.com/sustainability to view the full 2024 Corporate Sustainability Report.

Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com.

Investor Relations
Sal Diaz
605-399-5079
Investorrelations@blackhillscorp.com

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FAQ

What are Black Hills Corp's (BKH) emission reduction targets for 2030 and 2040?

Black Hills Corp aims to reduce electric utility emissions by 40% by 2030 and 70% by 2040. They have already achieved a 38% reduction since 2005.

How much was Black Hills Corp's (BKH) economic impact in 2024?

Black Hills Corp's total economic impact reached $1.5 billion in 2024, including $3.8 million in charitable giving and energy assistance across eight states.

What renewable energy initiatives has Black Hills Corp (BKH) undertaken in 2024?

Black Hills Corp acquired a renewable natural gas facility in Iowa that will produce enough RNG to heat more than 1,800 homes annually. They are also developing coal to hydrogen technology and testing carbon sequestration capabilities.

How much did Black Hills Corp (BKH) contribute to charitable giving in 2024?

Black Hills Corp contributed $3.8 million in charitable giving, including $551,000 for United Way and $346,000 in energy assistance through employee contributions and company matching.

What energy efficiency results did Black Hills Corp (BKH) achieve in 2024?

Through programs like Green Forward and $10 million in rebates, Black Hills Corp helped customers save energy equivalent to powering over 1,500 homes with electricity and 246 homes with natural gas for one year.