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Southern Co. (SO) Taps Sightline to Advance Climate Technology
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Southern Company (SO - Free Report) , a leading utility firm based in the United States, has joined forces with Sightline Climate to expedite the deployment of innovative solutions in climate technology. Sightline Climate is a leading market intelligence platform specializing in climate technology market data and insights.
Southern Company and Sightline Climate will work together to develop comprehensive datasets, frameworks and analysis tools to monitor the commercialization of climate technology. This includes identifying key industry players, evaluating projects, and analyzing factors like market demand, capital and economics. The Sightline platform will enable SO to assess the readiness of the climate tech sector and detect commercial opportunities.
In the rapidly evolving energy ecosystem, understanding market dynamics is crucial for companies like Southern Company to maintain competitiveness and drive the transition toward clean energy. By partnering with Sightline Climate, Southern Company aims to leverage insights into the new climate economy to make informed decisions on scaling up climate solutions.
SO has mentioned that its collaboration with Sightline Climate underscores its commitment to developing innovative solutions for its customers. The company plans to capitalize on the market insights and data-driven analyses provided by Sightline to drive impactful solutions. Sightline Climate has stated that Southern Company is the first utility company to join its Development Partners Program. Through this collaboration, Sightline aims to transition from mere commitments to actual deployment of solutions in climate tech.
National Fuel Gas Company is an integrated energy company that owns natural gas assets in the prolific Appalachian basin and oil-producing assets in California. As natural gas has a lesser carbon footprint compared with other fossil fuels, it will play an important role in the global energy transition process. National Fuel Gas is well-positioned to capitalize on the growing global demand for the fuel in the future.
Atmos Energy is engaged in regulated natural gas distribution and storage business. It boasts nearly 73,000 miles of distribution and transmission mains and a large customer base with 3 million customers. With the growing demand for clean energy and a large customer base, the company’s outlook seems bright.
Portland General Electric generates, transmits and distributes electricity across the state of Oregon in the United States. The company generates power from a diverse mix of resources, including hydropower, coal, natural gas, solar and wind. PGE plans to achieve an 80% reduction in greenhouse gas emissions from the power supplied to Oregon retail customers by 2030. It also aims for a 100% reduction in emissions by 2040 to support the decarbonization of the energy sector.
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Southern Co. (SO) Taps Sightline to Advance Climate Technology
Southern Company (SO - Free Report) , a leading utility firm based in the United States, has joined forces with Sightline Climate to expedite the deployment of innovative solutions in climate technology. Sightline Climate is a leading market intelligence platform specializing in climate technology market data and insights.
Southern Company and Sightline Climate will work together to develop comprehensive datasets, frameworks and analysis tools to monitor the commercialization of climate technology. This includes identifying key industry players, evaluating projects, and analyzing factors like market demand, capital and economics. The Sightline platform will enable SO to assess the readiness of the climate tech sector and detect commercial opportunities.
In the rapidly evolving energy ecosystem, understanding market dynamics is crucial for companies like Southern Company to maintain competitiveness and drive the transition toward clean energy. By partnering with Sightline Climate, Southern Company aims to leverage insights into the new climate economy to make informed decisions on scaling up climate solutions.
SO has mentioned that its collaboration with Sightline Climate underscores its commitment to developing innovative solutions for its customers. The company plans to capitalize on the market insights and data-driven analyses provided by Sightline to drive impactful solutions. Sightline Climate has stated that Southern Company is the first utility company to join its Development Partners Program. Through this collaboration, Sightline aims to transition from mere commitments to actual deployment of solutions in climate tech.
Zacks Rank and Key Picks
Currently, SO has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the utility sector are National Fuel Gas Company (NFG - Free Report) , Atmos Energy (ATO - Free Report) and Portland General Electric (POR - Free Report) . National Fuel Gas Companypresently sports a Zacks Rank #1 (Strong Buy), while Atmos Energy and Portland General Electric carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
National Fuel Gas Company is an integrated energy company that owns natural gas assets in the prolific Appalachian basin and oil-producing assets in California. As natural gas has a lesser carbon footprint compared with other fossil fuels, it will play an important role in the global energy transition process. National Fuel Gas is well-positioned to capitalize on the growing global demand for the fuel in the future.
Atmos Energy is engaged in regulated natural gas distribution and storage business. It boasts nearly 73,000 miles of distribution and transmission mains and a large customer base with 3 million customers. With the growing demand for clean energy and a large customer base, the company’s outlook seems bright.
Portland General Electric generates, transmits and distributes electricity across the state of Oregon in the United States. The company generates power from a diverse mix of resources, including hydropower, coal, natural gas, solar and wind. PGE plans to achieve an 80% reduction in greenhouse gas emissions from the power supplied to Oregon retail customers by 2030. It also aims for a 100% reduction in emissions by 2040 to support the decarbonization of the energy sector.