South Calif Gas Stock Price, News & Analysis

Southern California Gas Co. (SoCalGas) announced a collaboration with GTI Energy to investigate hydrogen blending in commercial and industrial processes, targeting emissions reduction and achieving net-zero goals. The project, funded with $752,000 from SoCalGas and a prior $1.77 million grant from the California Energy Commission, aims to assess the feasibility of using up to 100% hydrogen blended with natural gas in hard-to-electrify sectors such as steelmaking and agriculture. Neil Navin, SoCalGas's chief clean fuels officer, emphasized the importance of this initiative in decarbonizing heavy industries. The initiative is part of SoCalGas's broader strategy to foster clean energy solutions, including the proposed Angeles Link hydrogen pipeline, which has received CPUC approval for cost-tracking. This project is expected to contribute significantly to California's energy transition.

On April 24, 2023, Southern California Gas Company (SOCGP) announced an additional $200,000 in grants through its SoCal Climate Champions Grant program, aimed at supporting innovative climate solutions in California. Five non-profit organizations will receive $40,000 each to advance local projects promoting climate resilience and clean energy as part of the company's ASPIRE 2045 sustainability strategy. Since its inception, the grant program has awarded $600,000 in total, with another $400,000 available for this year’s applications running until June 23. Key projects include community composting initiatives and sustainable agricultural practices to reduce greenhouse gas emissions.