NYC Electric supplies more than 80 percent of the city’s power to nearly a quarter of the world’s population, and has more than 1,100 employees.
That’s an extraordinary level of expertise.
But that expertise doesn’t come cheap, and the city is still struggling to balance its need for electricity with the need to protect New Yorkers from climate change and pollution.
The city is on track to have more than 2,300 electric units on the grid by 2020.
But the supply chain is growing, and NYC Electric is planning to expand its supply chain by about 400 units in the next five years, Mayor Bill de Blasio announced last week.
In a letter to the board of directors of NYC Electric, CEO Joe Auerbach says the expansion will increase the number of units in service by approximately 100 percent.
“As we continue to expand our capacity and expand our supply chain, we will become a stronger and more effective electric supply chain,” he wrote.
“The City of New York is not only the city with the most electrical customers, but it is the only major metropolitan area in the world with the highest percentage of electric power coming from renewable sources.”
That means the expansion of NYC’s supply chain will help the city meet the goals of Mayor Bill De Blasio’s ambitious Climate Action Plan, which calls for 30 percent of New Yorkers to be electric by 2030.
That goal is one of several he is aiming to achieve.”NYC is an electric power producer, which means that if we are to meet the ambitious goals, we need to invest in the new supply chain as well,” de Blasio said.
The New York City Electric Supply chain has grown from a small team of six employees to more than 3,000 employees since its founding in 2003.
The company is the citys largest supplier of electricity to more the city than 40 countries, and is responsible for more than 30 percent.
The company’s mission is to create jobs, improve quality of life and protect New York’s environment.
New York Electric is the largest public utility in the United States, with a market capitalization of $15 billion.