Climate Change Data

Environmental Metrics

ESG Focus Areas

• Forced Labour
• Child Labour

Social Achievements

• Reviewed all suppliers related to the purchase of petroleum products; no instances of non-compliance found.
• Trained employees on Corporate Code of Business Conduct and Ethics.

Climate Goals & Targets

Environmental Challenges

• Potential risks of forced labor and child labor in supply chains.

Mitigation Strategies

• Due diligence on trading counterparties via credit review process, including sanctions screening.
• Plan to review practices in the area of forced and child labor as part of a broader assessment of compliance program.
• Intention to implement a forced labor/child labor policy.
• Consider implementing a supplier due diligence process to include screening for additional forced labor and child labor risk.
• Conduct a more detailed risk mapping exercise of the risks related to forced labor and child labor.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change
• Grid Reliability and Resilience
• Clean Energy Transition
• Economic Development
• Equity

Environmental Achievements

• Analysis shows that economically dispatched battery storage is likely to result in a cumulative net decrease in CO2 emissions over a 20-year period.

Social Achievements

• Extensive public engagement through RFI and Opportunity for Comment, incorporating stakeholder input on equity and community benefits.
• Projected ratepayer savings of $1.50-$1.77 per month on average over the first ten years of the program.

Governance Achievements

• Recommendations developed pursuant to Public Law 2023, Chapter 374, aligning with statutory objectives and stakeholder input.

Climate Goals & Targets

Environmental Challenges

• Interconnection barriers
• Accurately predicting coincident peaks for performance-based incentives
• Uncertainty around long-term market revenues for storage
• Balancing upfront payments with performance-based incentives
• Maximizing federal incentives while meeting domestic content requirements

Mitigation Strategies

• Streamlining interconnection processes
• Modeling multiple events per month and varying durations to account for peak prediction challenges
• Utilizing an upfront incentive with pay-for-performance mechanism to mitigate market risk
• Requiring bidders to disclose anticipated federal incentives
• Considering project siting on brownfield sites to qualify for additional tax credits

Supply Chain Management

Responsible Procurement

• Requirement for bidders to demonstrate compliance with Maine’s decommissioning law and safety standards

Climate-Related Risks & Opportunities

Opportunities

• Increased renewable energy integration
• Reduced reliance on fossil fuels

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Energy storage supports renewable energy integration, grid reliability, and emissions reductions.