I&M Updates Green Energy Plan
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Fort Wayne-based Indiana Michigan Power has announced plans to add more than 2,000 megawatts of wind and solar energy generation by 2028. The utility, a subsidiary of American Electric Power (Nasdaq: AEP), says the continuing adoption of renewable energy is part of its Integrated Resource Plan submitted to the Indiana Utility Regulatory Commission.
I&M says it will over the next few months issue a request for proposal for approximately 800 MW of wind and 500 MW of solar polar generation. The company expects half of the electric generation would come online in 2025 and the rest in 2026.
A second RFP would seek another 800 MW of solar, 60 MW of battery storage, and 1,000 MW of gas peaking units. That second phase of the investment would come online by 2028.
I&M says the peaking units would only be used during high energy use and would likely operate on hydrogen power.
“I&M is pleased to continue its responsible, systematic transition to cleaner generation sources while ensuring we will meet our customers’ needs for safe, reliable energy long into the future,” said Steve Baker, president and chief operating officer of I&M.
The utility already operates six solar farms and three wind farms.
The company is trying to reduce carbon emissions by 80% by 2030.