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Stock impact report

MGE Looks to Add More Solar and Battery Storage to Serve Customers

MGE Energy Inc. (MGEE) 
US:NASDAQ Investor Relations: mgeenergy.com
Company Research Source: Business Wire
Your community energy company seeks to purchase shares of five solar projects to serve MGE customers cost-effectively while working toward net-zero carbon electricity. MADISON, Wis.--(BUSINESS WIRE)--Madison Gas and Electric (MGE) is seeking approval from the Public Service Commission of Wisconsin to add more than 85 megawatts (MW) of solar capacity and 18 MW of battery storage to its generation portfolio.These projects represent the latest investments in MGE's efforts to continue reducing carbon as quickly and cost-effectively as it can."With our current plans, by 2030, we will have added more than 40 renewable generation and battery storage projects since 2015, totaling more than 750 MW, propelling us toward our goal of net-zero carbon electricity by 2050," said Jeff Keebler, MGE Chairman, President and CEO.The investments include shares in five large-scale solar facilities, one of which includes battery storage. These projects, developed in partnership with WEC Energy Group (WEC Show less Read more
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