PG&E, Bridger Photonics Partner to Enhance Methane Leak Detection

PG&E Corporation (NYSE:PCG) is one of the most undervalued NYSE stocks to buy now. On July 8, Pacific Gas and Electric Company (more commonly known as PG&E) announced a collaboration with Bridger Photonics Inc., which is a global leader in methane detection technology. The partnership aims to enhance PG&E’s efforts in detecting and repairing system leaks, thereby reducing methane emissions across its extensive natural gas transmission and distribution pipeline system.

PG&E serves ~16 million people across a 70,000 square mile service territory in northern and central California. The company operates 42,141 miles of natural gas distribution pipelines and 6,438 miles of transmission pipelines, and serves 4.5 million natural gas distribution customer accounts. Bridger’s Gas Mapping LiDAR/GML technology offers improved speed and accuracy in natural gas leak detection compared to traditional methods.

In 2024, PG&E surpassed its 2025 methane emission reduction target and achieved a 42% reduction compared to its 2015 baseline. The company was also ranked number one overall on the 2024 US Utilities Decarbonization Index, compiled by the National Public Utilities Council.

PG&E Corporation (NYSE:PCG) through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity & natural gas to customers in northern & central California in the US.

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Disclosure: None. This article is originally published at Insider Monkey.