Evergy Plan Maintains Lowest-Cost Approach to Meeting Growing Customer Electricity Demand, Maintaining Reliability, and Advancing Sustainability

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KANSAS CITY, Missouri — Evergy, Inc. (NASDAQ: EVRG) as we speak filed its triennial Built-in Useful resource Plan with the Missouri Public Service Fee. This outlines the plan to fulfill buyer electrical energy wants over the following 20 years. It contains further renewable and dispatchable era to fulfill rising buyer demand pushed by financial growth and elevated capability necessities established by the Southwest Energy Pool.

Companywide over the following 20 years, Evergy initiatives it might want to add 5,100 megawatts of renewable vitality from wind and photo voltaic and 5,200 MW of agency, dispatchable era — together with 2,500 MW of recent, hydrogen-capable pure fuel era throughout 2029–2032 — as its service space is experiencing record-setting financial growth. The 2024 plan contains 1,900 MW of further era over what was anticipated in its 2023 replace submitting. Evergy evaluates the prices for working current vegetation, including new supply-side era, and increasing demand-side applications to develop a plan that has the bottom risk-adjusted value in comparison with different plans. Reflecting this evaluation and per earlier plans, the corporate’s 2024 plan requires the retirement of greater than 4,500 MW of coal-based era and the continued progress of demand-side applications over that interval. View a timeline of the plan.

Within the first 5 years, the plan contains 143 MW of pure fuel era added to Evergy’s portfolio in 2024 and the addition of 600 MW of photo voltaic vitality in 2027 and 450 MW in 2028.

“Economic development opportunities in Missouri and Kansas are at historic levels and our plan reflects the generation needed to support that growth while maintaining affordable and reliable service for our customers,” Evergy President and Chief Government Officer David Campbell stated. “We will invest in renewable energy resources and dispatchable generation to serve the growing electricity load in our region, maintaining the diverse energy mix that has served our customers well.”

Evergy serves its prospects with a balanced era portfolio that features roughly 4,600 MW of renewable vitality. Later this 12 months, the corporate expects to surpass a milestone of producing 150 million megawatt hours of wind vitality because the inception of its wind portfolio within the early 2000s. With a dedication to a accountable transition to extra sustainable vitality sources, so far the corporate has retired 2,400 MW of fossil-fuel era.

Immediately, roughly half of the vitality that serves Evergy prospects comes from carbon-free sources, together with the Wolf Creek nuclear plant and renewable vitality sources. The corporate has lowered its carbon emissions by greater than 50 p.c since 2005. Evergy’s objective is to cut back carbon emissions by 70 p.c by 2030 in comparison with 2005 ranges, and to realize net-zero carbon emissions by 2045. A mix of supportive insurance policies and ongoing expertise developments will probably be wanted to realize net-zero by 2045.

“A diverse energy portfolio positions Evergy well for the responsible transition of our generation fleet,” Campbell stated. “We remain committed to advancing reliability, affordability and sustainability as we replace older, higher-cost plants with newer technologies. Firm, dispatchable generation resources will provide the capacity needed to ensure reliability for our customers while our continued investment in renewables supports our carbon reduction goals. Many large commercial and industrial customers specifically require access to affordable renewable energy, and we are well positioned to deliver on that requirement.”

The Built-in Useful resource Plan filed as we speak on the Missouri Public Service Fee is a triennial submitting that features particulars associated to the Evergy Metro and Evergy Missouri West useful resource plans. The same submitting will probably be made in Kansas in Might, which is able to embrace particulars associated to the Evergy Kansas Central portion of the plan.

About Evergy: Evergy, Inc. (NASDAQ: EVRG), serves 1.7 million prospects in Kansas and Missouri. Evergy’s mission is to empower a greater future. Our focus stays on producing, transmitting and delivering dependable, inexpensive, and sustainable vitality for the good thing about our stakeholders. Immediately, about half of Evergy’s energy comes from carbon-free sources, creating extra dependable vitality with much less impression to the surroundings. We worth innovation and flexibility to provide our prospects higher methods to handle their vitality use, to create a protected, numerous and inclusive office for our staff, and so as to add worth for our traders. Headquartered in Kansas Metropolis, our staff are energetic members of the communities we serve.

Press launch from Evergy.