Company Research Report: Arizona Public Service (APS)

Company Overview

• Name: Arizona Public Service (APS)

• Mission: APS is committed to creating a sustainable energy future for Arizona by delivering reliable, affordable, and clean energy.

• Founded: No information is available on the founding date or founders.

• Key People: No information is available on the key people within the company.

• Headquarters: Phoenix, Arizona

• Number of Employees: Approximately 6,000 employees.

• Revenue: No information is available on the company's revenue.

• Known For: APS is known for being the largest and longest-serving energy provider in Arizona, serving approximately 1.4 million customers. The company is a leader in providing clean energy and has set a goal to deliver 100% clean, carbon-free electricity by 2050.

Products

• Products Offered:

• Energy Services: Reliable and affordable electricity to 1.4 million homes and businesses in Arizona.

• Clean Energy Solutions: Carbon-free nuclear energy, renewable resources (solar and wind), energy efficiency programs.

• High-Level Description of Products:

• Nuclear Energy: Energy generated from the Palo Verde Generating Station, one of the largest clean energy producers in the country.

• Renewable Resources: Solar and wind energy paired with battery storage, contributing to APS's clean energy mix.

• Energy Efficiency Programs: Programs that help customers reduce energy use, particularly during peak demand times.

• Key Features of Products:

• Palo Verde Generating Station: Provides a significant portion of APS's clean energy mix.

• Renewable Energy Portfolio: Committed to increasing the percentage of clean energy to 65% by 2030.

• Energy Storage Solutions: Captures solar energy for use during non-peak solar hours, aiding reliability and affordability.

Recent Developments

• Recent Developments in the Company:

• APS is participating in the transition out of coal-fired generation by 2031, with a commitment to protect reliability and affordability for its customers.

• APS has received $70 million in U.S. Department of Energy grants to enhance system resilience and wildfire mitigation.

• New Products Launched: No information is available regarding any new products launched.

• New Features Added to Existing Products:

• APS's energy mix is already 51% clean, with continued investments in renewable resources.

• The inclusion of virtual power plants using customer-owned devices to manage energy demand.

• Partnerships and Collaborations: APS collaborates with local organizations across Arizona to host holiday-themed parades and events. The company has engaged in community partnerships to support economic and workforce development, particularly for communities impacted by transitions away from coal.

Community Engagement and Initiatives

• Community Initiatives: APS is recognized for its community service, with employees volunteering over 80,000 hours. The company contributes more than $10 million annually to charitable causes and supports educational initiatives through grants like the APS Supply My Class program.

• Sustainability and Innovation Initiatives:

• APS is executing plans to add over 6,000 MW of cost-effective solar and wind energy by 2027.

• The APS Cool Rewards program incentivizes customers for energy conservation during peak times, contributing to demand management on the electric grid.

APS remains committed to leading innovations in energy technology, supporting the communities it serves, and transitioning towards a sustainable, clean energy future.