Reports related to this article:
Project(s): View 9 related projects in PECWeb
Plant(s): View 9 related plants in PECWeb
Released November 04, 2024 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) is planning about $45 billion worth of sustainability and infrastructure upgrades over the next five years, an $11 billion increase from its year-earlier projections, the company said last week. Xcel announced its plans following a quarter where it benefited from higher electricity demand and lower costs. Industrial Info is tracking more than $14.5 billion worth of active and planned projects from Xcel across the U.S., about $9 billion of which is attributed to transmission and distribution (T&D) projects.
Click on the image at right for a graph detailing Xcel's active and proposed projects, by U.S. state.
Xcel provides energy to customers in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
The bulk of Xcel's T&D projects are divided between Colorado and Minnesota, and one of its largest endeavors is the Colorado Power Pathway project, which is designed to bolster rural Colorado with stronger access to the power grid. Xcel started site preparation over the summer on its $493 million Segment 2, a 160-mile line from Brush to Cheyenne Wells, and it could begin construction next year on two other segments: Segment 1, a 75-mile line from Platteville to Brush, and Segment 5, a 120-mile line from Aurora to Foxfield.
The full Colorado Power Pathway project involves 550 to 610 miles of new, double-circuit line, four new substations and four expanded substations that will provide "a transmission backbone to tap into renewable resources, increase system resilience and heighten power reliability," according to Xcel. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on Segment 2, Segment 1 and Segment 5.
In Minnesota, Xcel expects to finish construction by the end of the year on a 36-mile transmission-line rebuild from Pipestone to Tracy, to enhance reliability. The company also is seeking permits to build more than 100 miles of line from Alexandria to Becker, where it would terminate at the proposed Big Oaks Substation; if approved, these two projects could begin construction roughly a year from now. Subscribers can read detailed reports on the Pipestone-to-Tracy and Alexandria-to-Becker lines, and the Big Oaks Substation.
On the renewable-energy front, Xcel is considering a swath of proposals for solar-energy plants across its service territory, including the 591-megawatt (MW) Allen S. King Solar Plant in Oak Park Heights, Minnesota. The facility would replace the capacity set to be lost when a 511-MW coal-fired plant closes on the same grounds, expected in 2028. Subscribers can learn more from a detailed project report.
This is not to say Xcel is abandoning its fossil-fuel generation. The company began work over the summer on a $280 million repowering of the Wheaton Generation Station in Eau Claire, Wisconsin. The project involves installing five 9-MW, reciprocating internal combustion engine generators and an F-Class combustion turbine generator. An Xcel official told local media in May the project would reduce emissions by about 90% and allow the plant to handle a full load within 10 to 12 minutes of startup. Subscribers can learn more from a detailed project report.
Xcel also is wading slowly into the market for green hydrogen, a low-carbon alternative to emissions-heavy power generation. The company is proposing a "Power-to-X" green hydrogen plant in Burlington, Colorado, on the state's eastern plains. The facility's capacity has yet to be determined, but Xcel said it would be part of the Western Interstate Hydrogen Hub, "an interconnected, multi-state hydrogen network to provide large-scale, commercially viable hydrogen in Colorado, New Mexico, Utah and Wyoming," according to a press release. Subscribers can learn more from a detailed project report and plant profile.
In late 2023, Xcel backed off plans to mix hydrogen into the natural gas supply for Box Elder Creek Ranch, a subdivision in Hudson, Colorado, northeast of Denver. Residents objected to the plan, telling Colorado Public Radio they "had no idea about the project months before it was set to begin."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects from Xcel.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing Xcel's active and proposed projects, by U.S. state.Xcel provides energy to customers in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
The bulk of Xcel's T&D projects are divided between Colorado and Minnesota, and one of its largest endeavors is the Colorado Power Pathway project, which is designed to bolster rural Colorado with stronger access to the power grid. Xcel started site preparation over the summer on its $493 million Segment 2, a 160-mile line from Brush to Cheyenne Wells, and it could begin construction next year on two other segments: Segment 1, a 75-mile line from Platteville to Brush, and Segment 5, a 120-mile line from Aurora to Foxfield.
The full Colorado Power Pathway project involves 550 to 610 miles of new, double-circuit line, four new substations and four expanded substations that will provide "a transmission backbone to tap into renewable resources, increase system resilience and heighten power reliability," according to Xcel. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on Segment 2, Segment 1 and Segment 5.
In Minnesota, Xcel expects to finish construction by the end of the year on a 36-mile transmission-line rebuild from Pipestone to Tracy, to enhance reliability. The company also is seeking permits to build more than 100 miles of line from Alexandria to Becker, where it would terminate at the proposed Big Oaks Substation; if approved, these two projects could begin construction roughly a year from now. Subscribers can read detailed reports on the Pipestone-to-Tracy and Alexandria-to-Becker lines, and the Big Oaks Substation.
On the renewable-energy front, Xcel is considering a swath of proposals for solar-energy plants across its service territory, including the 591-megawatt (MW) Allen S. King Solar Plant in Oak Park Heights, Minnesota. The facility would replace the capacity set to be lost when a 511-MW coal-fired plant closes on the same grounds, expected in 2028. Subscribers can learn more from a detailed project report.
This is not to say Xcel is abandoning its fossil-fuel generation. The company began work over the summer on a $280 million repowering of the Wheaton Generation Station in Eau Claire, Wisconsin. The project involves installing five 9-MW, reciprocating internal combustion engine generators and an F-Class combustion turbine generator. An Xcel official told local media in May the project would reduce emissions by about 90% and allow the plant to handle a full load within 10 to 12 minutes of startup. Subscribers can learn more from a detailed project report.
Xcel also is wading slowly into the market for green hydrogen, a low-carbon alternative to emissions-heavy power generation. The company is proposing a "Power-to-X" green hydrogen plant in Burlington, Colorado, on the state's eastern plains. The facility's capacity has yet to be determined, but Xcel said it would be part of the Western Interstate Hydrogen Hub, "an interconnected, multi-state hydrogen network to provide large-scale, commercially viable hydrogen in Colorado, New Mexico, Utah and Wyoming," according to a press release. Subscribers can learn more from a detailed project report and plant profile.
In late 2023, Xcel backed off plans to mix hydrogen into the natural gas supply for Box Elder Creek Ranch, a subdivision in Hudson, Colorado, northeast of Denver. Residents objected to the plan, telling Colorado Public Radio they "had no idea about the project months before it was set to begin."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects from Xcel.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
