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SoCalGas Showcases Sustainable Technologies by Hyundai Motor Company and New Holland Agriculture North America at World Ag Expo
Hyundai’s hydrogen fuel-cell powered truck and New Holland’s near-zero emissions tractor to help reduce emissions in transportation and agriculture. TULARE, Calif., February 14, 2023 – Southern California Gas Company (SoCalGas) joins Hyundai Motor Company and New Holland Agriculture North America at the annual World Ag Expo this week in displaying two breakthrough, first-of-their-kind technologies. SoCalGas’ booth will showcase Hyundai’s Class 8 XCIENT Fuel Cell heavy-duty truck, equipped with a 180 kW fuel cell system and an e-motor with a maximum output of 350 kW, to support the demands of commercial fleet users. The booth will also display New Holland’s T6.180 Methane Power tractor, the first commercially available tractor powered by a sustainable fuel source in agriculture, operating on renewable natural gas (RNG) or compressed natural gas (CNG). “Experts and policymakers are recognizing that a broad set of tools, including clean fuels like renewable natural gas and clean renewable hydrogen, and carbon management, are needed to achieve California’s climate and air goals by 2045,” says Don Widjaja, vice president of customer solutions at SoCalGas. “SoCalGas is excited to partner with New Holland and Hyundai at the World Ag Expo to highlight technologies that are not only clean but can also effectively meet the transportation needs of the agricultural industry.” SoCalGas continues to move forward in its goal of achieving net-zero emissions by 2045. The company has already achieved a 37% reduction in fugitive methane emissions, surpassing the State’s goal of 20% by 2025, and is nearing the State’s goal of a 40% reduction by 2030. SoCalGas has also set a benchmark to operate a 100% zero-emissions over-the-road fleet by 2035, and its Angeles Link project could significantly reduce greenhouse gas emissions from hard-to-electrify parts of the California economy like heavy-duty trucking. Hyundai Motor Company is also playing a crucial role in creating an emissions-free, hydrogen fuel cell heavy duty truck ecosystem. The XCIENT Fuel Cell tractor model has a driving range of up to 450 miles, requires less time to refuel than its electric counterpart, which helps maximize efficiency, and produces only a single byproduct: pure H2O. The truck features an extremely robust hydrogen storage tank with multiple levels of protection to safeguard against accidental leaks and punctures. “XCIENT Fuel Cell is the world’s first heavy-duty fuel cell truck to accumulate more than 3.5 million miles of real-life customer driven operations in Switzerland,” said Mark Freymueller, Senior Vice President and Head of Commercial Vehicle Business Innovation of Hyundai Motor Company. “Based on our successful operations and diverse array of public-private partnerships, we will continue to leverage our insights to drive commercial vehicle decarbonization and accelerate the transition to a sustainable hydrogen society.” New Holland, a clean energy leader in the development of renewable fuels and emissions reduction systems, introduced its breakthrough sustainable agriculture technology to the U.S. market last year. “The T6.180 Methane Power tractor is an important step forward on the path to decarbonizing agriculture in California. It allows farmers to grow crops and use agricultural waste to generate RNG to power their tractor, achieving near-zero CO2 emissions,” said Joe Boufford, Product Marketing Manager for Mid-Range Tractors at New Holland. The tractor produces 98% less particulate matter compared to emission limits allowed under European Stage V emissions regulations and can provide up to a 30% reduction in running costs compared to its diesel counterpart. A tractor fueled by CNG reduces CO2 emissions by 10-15%, overall emissions by 80%, with near-zero emissions achieved when fueled by RNG. SoCalGas is proud to have exhibited at every World Ag Expo since its inception in 1968. Its booths are located at H30 at the corner of H & Median Street. Click to learn more about SoCalGas, Hyundai Motor Company, and New Holland’s sustainability efforts. About SoCalGas SoCalGas' mission is to build the cleanest, safest and most innovative energy 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 replacing 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. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to 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 other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," " construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "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 risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which 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 the consent or approval of partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations and other proceedings, including those related to the natural gas leak at the Aliso Canyon natural gas storage facility; changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, by ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including to the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; failure of our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our cost of capital and the affordability of customer rates due to volatility in inflation, interest rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas, any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, 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 limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; 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, http://www.sec.gov, and on Sempra's website, http://www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Texas, Sempra Mexico, 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 Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. |