StockNews.AI
SO
StockNews.AI
76 days

SouthStar Energy Services Piloting Full Supply Chain Emissions Tracking with MiQ's MethaneScout™ Platform

1. SouthStar Energy pilots MethaneScout, a methane emissions tracking tool. 2. The initiative aims for increased transparency in natural gas supply chains. 3. MethaneScout launches fully in summer 2025 per MiQ's announcement. 4. SouthStar promotes lower-emissions natural gas to bolster sustainability efforts. 5. Industry demand for emissions transparency is rising according to CERAWeek discussions.

6m saved
Insight
Article

FAQ

Why Bullish?

SouthStar's innovative approach may enhance competitive advantage and market share, boosting SO's valuation similarly to previous eco-friendly initiatives by companies, which have often resulted in stock price appreciation.

How important is it?

The announcement positions SouthStar as a leader in emissions management, aligning with increasing regulatory pressures and market preferences for sustainable practices, which will likely favor SO's growth.

Why Long Term?

As the demand for low-emission energy solutions grows, SO could benefit from sustained market interest and investment, reflecting trends observed post-environmental initiative launches in other firms.

Related Companies

NGCQPENB
, /PRNewswire/ -- SouthStar Energy Services, one of the nation's leading natural gas marketing companies, today announced that it has become the first retail energy marketer in the U.S. and one of the first companies in the energy industry to pilot a new methane and greenhouse gas emissions tracking tool called MiQ's MethaneScout™. Developed by a global leader in methane emissions certification, MiQ, the platform can help SouthStar assess the emissions of its delivered natural gas supply chains using data sources qualified by MiQ's Supply Chain Emissions Protocol, expanding on SouthStar's transparent energy sourcing. This initiative signifies a pilot rollout before MethaneScout's full market launch in the summer of 2025. "SouthStar is committed to a sustainable future, which includes supporting lower-emissions natural gas and the infrastructure that processes and transports it," said Michael Braswell, CEO of SouthStar Energy Services. "We are excited to see how MiQ's MethaneScout can help provide added transparency to our energy sourcing, further bolstering our leadership position in supporting lower-emissions natural gas delivery." "The discussions at this year's CERAWeek highlighted the demand for increased transparency across natural gas supply chains and markets," said Georges Tijbosch, CEO of MiQ. "The fragmented and complex nature of the gas and LNG supply chain and the diverse methodologies for data collection underscore the necessity for a standardized, data-driven approach. MethaneScout has the potential to strengthen the natural gas market by delivering verifiable, end-to-end emissions transparency to its users." MethaneScout: Advancing Full Supply-Chain Emissions Tracking MethaneScout is an innovative emissions-tracking platform that enables gas marketers, regulators, and end-users to evaluate enhanced emissions data at every stage of the natural gas and LNG supply chains. Developed by MiQ and based on the MiQ Supply Chain Emissions Protocol, the platform compiles and evaluates data reliability using Data Quality Indicators (DQIs) derived from principles and requirements for developing life-cycle assessments as outlined by ISO standards. These principles lay the groundwork for assessing data in MethaneScout, emphasizing the recency, geographic relevance, and verification level of the information along with the effectiveness of quantification methodologies at each stage in capturing the total emissions footprint. As the amount of asset-level and supply chain methane and greenhouse gas publications and public reporting increases, understanding the quality of emissions data is crucial to helping inform the sourcing decisions of natural gas customers. About SouthStar Energy ServicesSouthStar Energy Services® is owned by Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). SouthStar also operates as Georgia Natural Gas®, Ohio Natural Gas®, Florida Natural Gas®, Pennsylvania EnergySM, Grand Rapids Energy® (in Michigan) and in other parts of the Southeast as SouthStar Energy Services. SouthStar's subsidiaries in Illinois operate as Illinois EnergySM and Illinois Energy Solutions®. About MiQMiQ is a global leader in methane emissions certification and data. Our mission is to accelerate the transition to lower emissions gas by providing a credible and transparent certification system that drives regulatory compliance, incentivizes continuous improvement, and ensures methane accountability in the oil and gas sector throughout the entire supply chain. SOURCE SouthStar Energy Services WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News