Core Insights - Suburban Renewable Energy, a subsidiary of Suburban Propane Partners, has been named a finalist in the Reuters Global Energy Transition Awards 2024, recognizing its excellence in the transition to zero-carbon energy [1][3][4] Company Overview - Suburban Propane Partners, L.P. is a publicly traded master limited partnership that distributes propane, renewable propane, renewable natural gas, fuel oil, and related products and services across the United States [9] - The company has been in operation since 1928 and serves approximately 1 million customers through around 700 locations in 42 states [9] Renewable Energy Initiatives - Suburban Renewables was established in 2022 as part of Suburban Propane's strategy to diversify its portfolio into renewable energy sources, including renewable propane, rDME, hydrogen, and RNG [5][7] - The company aims to reduce dependence on conventional energy sources by focusing on lower-carbon alternatives [5][8] Awards and Recognition - The Reuters Global Energy Transition Awards are part of a conference recognizing significant achievements in clean energy and sustainable product lines [3] - Suburban Renewables is a finalist in the Portfolio Transformation category, highlighting its commitment to evolving its energy portfolio towards sustainability [3][4] Strategic Growth - Suburban Renewables is focused on long-term strategic growth and diversification, seeking new investment opportunities and partnerships within the renewable energy sector [8] - The company positions itself as a leader in the transition to a more sustainable energy future through innovative business ventures [6][8]
Suburban Renewable Energy Named Finalist in Reuters Global Energy Transition Awards 2024