STOCK TITAN

Port of Long Beach Drives Toward Zero-Emissions Future

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Edison International: SCE's Partnership with Port of Long Beach to Support California's 2045 Climate Goals
Positive
  • SCE's partnership with the Port of Long Beach to support zero-emissions projects aligns with California's 2045 climate goals, positioning the company as a key player in the state's sustainability efforts.
  • The collaboration between SCE and the Port of Long Beach demonstrates a commitment to electrification, aiming to replace diesel-fueled transports with zero-emission vehicles by 2035, contributing to improved air quality and overall sustainability in the transportation industry.
  • Edison International's recent publication, 'Countdown to 2045: Realizing California's Pathway to Net Zero,' forecasts an 80% increase in customer demand for electricity by 2045, driven by vehicle and building electrification, highlighting the potential growth opportunities for SCE in the clean energy sector.
  • SCE's involvement in the port's infrastructure evaluation and planning for proposed projects, including building new substations and upgrading existing ones, signifies a substantial investment in clean energy infrastructure to meet the growing demand for electricity in the transportation industry.
Negative
  • None.

SCE's partnership with one of the nation's largest ports helps bring California's 2045 climate goals to life.

NORTHAMPTON, MA / ACCESSWIRE / November 13, 2023 / Edison International

The Port of Long Beach this year secured $224 million in state funding specifically to support future zero-emissions projects.

Energized by Edison

The Port of Long Beach is working closely with Southern California Edison to solidify its leadership in the transportation industry's effort to improve air quality and overall sustainability through electrification.

On display at the annual Green Port Fair last month were medium- and heavy-duty electric vehicles that are gradually replacing diesel-fueled transports to move cargo around the 3,200-acre port, which aims to have a fleet of zero-emission, cargo-handling equipment by 2030 and zero-emission trucks by 2035.

"Successful electrification of medium- and heavy-duty vehicle fleets is crucial to Southern California's economy and air quality," said Bonnie Lowenthal, a Port of Long Beach commissioner.

SCE is a longtime partner in the port's mission to become the nation's first zero-emissions port for cargo handling and drayage or transporting freight from an ocean port to a destination.

Electrifying 90% of light- and medium-duty vehicles and more than 50% of heavy-duty vehicles in California is a key recommendation in Countdown to 2045: Realizing California's Pathway to Net Zero, recently published by Edison International, SCE's parent company.

The paper forecasts an 80% increase in customer demand for electricity by 2045, driven by vehicle and building electrification. A massive expansion of clean energy infrastructure, built at an unprecedented pace, is needed to support this historic increase in demand.

The electric grid must be ready for this extraordinary growth well before 2045. In its most recent General Rate Case proposal, SCE detailed the targeted infrastructure investments planned for 2025-2028 to strengthen and secure the electric grid, laying a foundation for future grid reliability, resilience and readiness investments.

The General Rate Case is a request made every four years to the California Public Utilities Commission to fund SCE's day-to-day operations, including grid maintenance and upgrades.

"SCE's 2025 General Rate Case requests necessary funding to continue readying the grid, which is fundamental to achieving widespread vehicle electrification," Lowenthal said.

On a different scale, the port's zero-emissions goals drive its growing demand for clean energy. SCE is interwoven in the port's infrastructure evaluation and planning for several proposed projects to meet these rising needs.

The expansive scope of SCE's proposed work includes building one new, very large transmission-level substation and upgrading another, building two large distribution-level substations and upgrading several existing distribution substations and circuits associated with major ground shipping routes heading into and out of the port.

"The port has set goals and a direction that aligns with Countdown to 2045," said Brian Bustamante, SCE's Port of Long Beach account manager. "When it comes to clean energy and electrification, it is the North Star of where we want our customers to be."

This year, SCE contributed engineering expertise and a letter of support that helped the port land a $383 million grant from the California State Transportation Agency, with $224 million specifically allocated to support future zero-emissions projects.

One of these projects intends to replace diesel equipment with 44 zero-emission, electric human-operated yard tractors, forklifts and other vehicles at the Long Beach Container Terminal, supported by 62 new charging units. Other projects will demonstrate and deploy a plug-in hybrid tugboat and up to 12 zero-emission locomotives.

Celina Luna, SCE Government Relations manager, said the port has long been forward-looking "about the infrastructure investments they need to make over the next five, 10 and 15 years to be ready for the clean energy future. They're ready to embrace that change to meet the moment."

For more about SCE's clean energy efforts, visit edison.com/cleanenergy

View additional multimedia and more ESG storytelling from Edison International on 3blmedia.com.

Contact Info:
Spokesperson: Edison International
Website: https://www.3blmedia.com/profiles/edison-international
Email: info@3blmedia.com

SOURCE: Edison International



View source version on accesswire.com:
https://www.accesswire.com/802646/port-of-long-beach-drives-toward-zero-emissions-future

FAQ

What is the partnership between SCE and the Port of Long Beach about?

SCE's partnership with the Port of Long Beach aims to support zero-emissions projects, contributing to California's 2045 climate goals by electrifying transportation and improving air quality.

What are the goals of the Port of Long Beach in terms of electrification?

The Port of Long Beach aims to have a fleet of zero-emission, cargo-handling equipment by 2030 and zero-emission trucks by 2035, aligning with California's sustainability efforts.

What is the forecast for customer demand for electricity by 2045 according to Edison International's publication?

Edison International's publication forecasts an 80% increase in customer demand for electricity by 2045, driven by vehicle and building electrification.

How is SCE involved in the infrastructure evaluation and planning at the Port of Long Beach?

SCE is involved in building new substations and upgrading existing ones at the Port of Long Beach, demonstrating a substantial investment in clean energy infrastructure to meet the growing demand for electricity in the transportation industry.

Edison International

NYSE:EIX

EIX Rankings

EIX Latest News

EIX Stock Data

28.09B
383.65M
0.17%
91.64%
1.73%
Nuclear Electric Power Generation
Utilities
Link
United States of America
ROSEMEAD

About EIX

edison international, through its subsidiaries, is a generator and distributor of electric power and an investor in infrastructure and energy assets, including renewable energy. headquartered in rosemead, california, edison international is the parent company of southern california edison, one of the nation's largest electric utilities.