US utility Consumers Energy has announced the components of its Integrated Energy Resources Plan (IRP) through to 2040.
The plans include increasing energy capacity from renewables and energy efficiency, as well as other customer demand management programmes, to meet demand.
Consumers Energy will:
- Increase renewable energy from 11% today to 37% by 2030 and 43% by 2040
- Retire two-coal fired units at the Karn Generating complex in Bay City by 2023
- Reduce carbon emissions by 80% by 2040
- Add 5,000MW of solar energy throughout the 2020s along with wind and battery storage
- Reduce energy demand by 22% by 2040 by implementing demand response, energy efficiency, and grid modernisation tools
The energy provider says its plans will achieve its triple bottom line commitments (serving the people, the planet and prosperity).
The plans will reduce consumer energy bills, ensure the provision of affordable and reliable energy and help the utility achieve its renewable energy goals.
The IRP was developed over the past 18 months by gathering input from a diverse group of customers and key stakeholders.
Patti Poppe, president and CEO of Consumers Energy, said: "Our vision considers people, the planet and the prosperity of our state and the communities we serve. This IRP will help guide key decisions in the coming years to make us a cleaner, leaner company for the Great Lakes State.
"This is a pivotal moment in our company's long, proud history and this plan charts a course for us all to embrace the opportunities and meet the challenges of a new era."