CEO Scott Drury
appointed to Fast Company's CEO Council, a professional
organization of senior executives helping define the future of
business
LOS
ANGELES, Nov. 28, 2023 /PRNewswire/ -- Southern
California Gas Company (SoCalGas) announced Tuesday that its [H2]
Innovation Experience in Downey
was named to Fast Company's third annual Next Big Things in
Tech list, honoring technology breakthroughs designed to shape
the future of industries — from healthcare and security to
artificial intelligence and data.
The [H2] Innovation Experience is the 2023 recipient of Fast
Company's Next Big Things in Tech Award in the category of Current
Events, which showcases "products and technologies that are
tackling the world's most pressing problems."
The [H2] Innovation Experience is North America's first-ever clean hydrogen
powered microgrid and home. This project demonstrates how
carbon-free gas made from renewable electricity could be used in
pure form or as a blend to fuel energy systems and communities of
the future.
In addition to the award recognition, CEO Scott Drury was invited to join the Fast
Company's CEO Council. This vetted group of innovative
founders, CEOs, and visionaries convenes annually to discuss their
knowledge of innovation, design, technology, ethical economics, and
social responsibility to create a roadmap for driving progress for
Fast Company.
"Innovation is key to a successful energy transition and the
[H2] Innovation Experience is a pioneering, real-world, example of
what we could accomplish by pairing renewable energy, existing
infrastructure and our skilled workforce," said SoCalGas
CEO Scott Drury. "Since the [H2]
Innovation Experience opened its doors earlier this year, the
project has attracted broad interest from around the world,
including visiting delegations of national and international energy
experts."
"The Next Big Things in Tech is not just a look around the
corner—it's a look around the corner after that," said
Brendan Vaughan, editor-in-chief
of Fast Company. "These are the products and ideas that
will define technological innovation for the rest of this decade
and beyond—and solve some of the world's most pressing issues. We
are thrilled to honor the organizations that are making them a
reality."
In addition to this award, the [H2] Innovation Experience was
also a finalist for "The Best Experimental Design of 2023." It was
previously named a World-Changing Idea by Fast Company and
awarded the U.S. Green Building Council of L.A.'s Sustainable
Innovation Award. The project features clean hydrogen production
and storage along with a nearly 2,000 square-foot home designed to
draw power from solar panels and convert excess renewable energy
into clean hydrogen.
As a sign of the continuing support for hydrogen technology, the
U.S. Department of Energy awarded $1.2 billion last month to
ARCHES, a statewide public-private partnership designed to
accelerate renewable hydrogen's contribution to decarbonizing the
state's economy and build on California's long-standing hydrogen and
renewable energy innovation. SoCalGas is a participant in the
ARCHES network. California was one
of seven hubs announced as part of President Biden's H2Hub program,
to create regional hydrogen hubs across the country.
When coupled with renewable energy, clean hydrogen could help
facilitate a scalable, resilient, and decarbonized energy system.
SoCalGas is working to help shape California's 21st century energy system
through investments in clean hydrogen, renewable natural gas, fuel
cells, and carbon management.
For more information about SoCalGas' hydrogen innovation, visit
http://socalgas.com/hydrogen.
About SoCalGas
Headquartered in Los
Angeles, SoCalGas® is the largest gas
distribution utility in the United
States. SoCalGas delivers affordable, reliable, and
increasingly renewable gas service to over 21 million consumers
across 24,000 square miles of Central and Southern California. Gas delivered through the
company's pipelines will continue to play a key role in
California's clean energy
transition—providing electric grid reliability and supporting wind
and solar energy deployment.
SoCalGas' mission is to build the cleanest, safest and most
innovative energy infrastructure company in America. In support of
that mission, SoCalGas aspires to achieve net-zero greenhouse
gas emissions in its operations and delivery of energy by 2045
and to replace 20 percent of its traditional natural gas supply to
core customers with renewable natural gas (RNG) by 2030. Renewable
natural gas is made from waste created by landfills and wastewater
treatment plants. SoCalGas is also committed to investing in its
gas delivery infrastructure while keeping bills affordable for
customers. SoCalGas is a subsidiary of Sempra (NYSE:
SRE), an energy infrastructure company based in San
Diego.
For more information visit socalgas.com/newsroom or
connect with SoCalGas
on Twitter (@SoCalGas), Instagram (@SoCalGas)
and Facebook.
About Fast Company
Fast Company is the only media brand fully dedicated to the
vital intersection of business, innovation, and design, engaging
the most influential leaders, companies, and thinkers on the future
of business. The editor-in-chief is Brendan
Vaughan. Headquartered in New York
City, Fast Company is published by Mansueto Ventures
LLC, along with its sister publication, Inc., and can be found
online at fastcompany.com.
This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are based on assumptions about
the future, involve risks and uncertainties, and are not
guarantees. Future results may differ materially from those
expressed or implied in any forward-looking statement. These
forward-looking statements represent our estimates and assumptions
only as of the date of this press release. We assume no obligation
to update or revise any forward-looking statement as a result of
new information, future events or otherwise.
In this press release, forward-looking statements can be
identified by words such as "believe," "expect," "intend,"
"anticipate," "contemplate," "plan," "estimate," "project,"
"forecast," "should," "could," "would," "will," "confident," "may,"
"can," "potential," "possible," "proposed," "in process,"
"construct," "develop," "opportunity," "initiative," "target,"
"outlook," "optimistic," "poised," "maintain," "continue,"
"progress," "advance," "goal," "aim," "commit," or similar
expressions, or when we discuss our guidance, priorities, strategy,
goals, vision, mission, opportunities, projections, intentions or
expectations.
Factors, among others, that could cause actual results and
events to differ materially from those expressed or implied in any
forward-looking statement include: decisions, investigations,
inquiries, regulations, denials or revocations of permits,
consents, approvals or other authorizations, renewals of
franchises, and other actions by the (i) California Public
Utilities Commission (CPUC), U.S. Department of Energy,
U.S. Internal Revenue Service and other governmental and regulatory
bodies and (ii) U.S. and states, counties, cities and other
jurisdictions therein where we do business; the success of business
development efforts and construction projects, including risks in
(i) completing construction projects or other transactions on
schedule and budget, (ii) realizing anticipated benefits from any
of these efforts if completed, and (iii) obtaining third-party
consents and approvals; macroeconomic trends or other factors that
could change our capital expenditure plans and their potential
impact on rate base or other growth; litigation, arbitrations and
other proceedings, and changes to laws and regulations, including
those related to tax and trade policy; cybersecurity threats,
including by state and state-sponsored actors, of ransomware or
other attacks on our systems or the systems of third parties with
which we conduct business, including the energy grid or other
energy infrastructure, all of which continue to become more
pronounced; the availability, uses, sufficiency, and cost of
capital resources and our ability to borrow money on favorable
terms and meet our obligations, including due to (i) actions by
credit rating agencies to downgrade our credit ratings or place
those ratings on negative outlook, (ii) instability in the capital
markets, or (iii) rising interest rates and inflation; failure of
our counterparties to honor their contracts and commitments; the
impact on affordability of our customer rates and our cost of
capital and on our ability to pass through higher costs to
customers due to (i) volatility in inflation, interest rates and
commodity prices and (ii) the cost of the clean energy transition
in California; the impact of
climate and sustainability policies, laws, rules, regulations,
disclosures and trends, including actions to reduce or eliminate
reliance on natural gas, increased uncertainty in the political or
regulatory environment for California natural gas distribution companies,
the risk of nonrecovery for stranded assets, and our ability to
incorporate new technologies; weather, natural disasters,
pandemics, accidents, equipment failures, explosions, terrorism,
information system outages or other events that disrupt our
operations, damage our facilities or systems, cause the release of
harmful materials or fires or subject us to liability for damages,
fines and penalties, some of which may not be recoverable through
regulatory mechanisms or insurance or may impact our ability to
obtain satisfactory levels of affordable insurance; the
availability of natural gas and natural gas storage capacity,
including disruptions caused by failures in the pipeline system or
limitations on the withdrawal of natural gas from storage
facilities; and other uncertainties, some of which are difficult to
predict and beyond our control.
These risks and uncertainties are further discussed in the
reports that the company has filed with the U.S.
Securities and Exchange Commission (SEC). These reports are
available through the EDGAR system free-of-charge on
the SEC's website, www.sec.gov, and on Sempra's
website, www.sempra.com. Investors should not rely unduly on
any forward-looking statements.
Sempra Infrastructure, Sempra Infrastructure Partners, Sempra
Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC
(Oncor) and Infraestructura Energética Nova, S.A.P.I. de
C.V. (IEnova) are not the same companies as
the California utilities, San Diego Gas & Electric
Company or Southern California Gas Company, and Sempra
Infrastructure, Sempra Infrastructure Partners, Sempra Texas,
Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not
regulated by the CPUC.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/socalgas-h2-innovation-experience-named-to-fast-companys-third-annual-list-of-the-next-big-things-in-tech-301999811.html
SOURCE Southern California Gas Company