JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Company Overview Eversource ( NYSE: ES ), incorporated in 1927 and headquarters in Boston, Massachusetts, and Hartford, Connecticut, is a public utility company that is regulated by the Federal Energy Regulatory Commission (FERC) under the Public Utility Holding Company Act of 2005, and primarily engaged in energy delivering through its subsidiaries such as, The Connecticut Light and Power Company (CL&P), NSTAR Electric Company (NSTAR Electric), Public Service Company of New Hampshire (PSNH), NSTAR Gas Company (NSTAR Gas), Eversource Gas Company of Massachusetts (EGMA), Yankee Gas Services Company (Yankee Gas), and Aquarion Company (Aquarion). Strengths and Weaknesses As predominantly a New England utility provider of electricity and gas, Eversource recently was awarded a first-of-its-kind networked geothermal pilot project in Framingham, Massachusetts. This pilot project pilot connects multiple homes and buildings to a shared geothermal network with the goal of reducing greenhouse gas emissions with a cost-effective heating and cooling solution.
This is not the only thing that Eversource made a splash on in green tech. The company has been developing some of the largest offshore wind projects in the US, such as South Fork Wind, Revolution Wind, and Sunrise Wind, which are now close to turning into production. es (es) This Sunrise Wind project was selected by New York State's energy agency, NYSERDA, on February 29,.
