ESG Delivery

Company plans for a lower carbon future are well established across the power, oil and gas, chemicals, and manufacturing sectors

89% of executives surveyed reported that their companies either already had a plan in place or were developing a strategy to reduce reliance on fossil fuels. 30% of those executives said that their company already had fully developed plan in place

The top benefits cited of transitioning to lower carbon operations were gaining a competitive edge, reducing costs, and improving the environment

While environmental benefits will likely be
deemphasized as companies regain their footing through the economic crisis, reducing costs and maintaining a competitive position remain important even in the downturn

Digital technologies and customer support were cited as key drivers of company plans for a lower carbon future

Nearly 70% of executives who reported that their company has a sustainability strategy in place cited digital technologies supporting sustainability and energy efficiency as the key driver. The second key driver cited was customer support for reducing carbon emissions

0,866,466

Metric tons of GHG avoidance

(equivalent to 1.5mm passenger vehicles driven for 1 year)

Priority is Uniquely Positioned to enable Clients to Capitalize on the Energy Transition to Carbon Neutrality

Focused on Attractive ERCOT Market, a High Growth Market With Numerous Powerful and Sustainable Secular Themes

ERCOT market is expanding fast and shifting to renewable sources of energy, providing strong long-term tailwinds for priority

EXISTING ERCOT RESOURCES
Reflects the installed capacity of electricity generation resources as of 31-Dec-2018

PLANNED ERCOT RESOURCES
Reflects the total capacity of electricity generation projects that are planned for construction

Solar contributes a meaningful amount of capacity to ERCOT

Capacity from wind facilities has also been on the rise

And TX stands out with the lowest electricity rate across natural gas-intensive states

New Service Line Expansion - Solar

Solar costs continue to decline and have created significant behind the meter demand

The Solar Opportunity

Cost of Solar Has Reached Parity With Traditional Energy Sources

Driving tremendous demand for solar generation assets

1 Source: Lazard estimates.
2 Source: U.S. Energy Information Administration, Monthly Energy Review, Table 7.2a, March 2020 and Electric Power Monthly, February 2020, preliminary data for 2019
3 Reflects the average of the high and low LCOE for each respective technology in each respective year. Percentages represent the total decrease in the average LCOE since Lazard’s LCOE— Version 3.0.
4 Note: Electricity generation from utility-scale facilities. Hydroelectric is conventional hydropower.