Xcel Energy-Colorado, the largest electric utility in Colorado, has announced plans to move its headquarters from downtown Denver to a newly constructed building in the River North Art District (RiNo) by 2025. The company has pre-leased all the office space at T3 RiNo, a six-story mass-timber building, making it the largest office tenant in the area. With a commitment to sustainability and reducing carbon emissions, Xcel Energy-Colorado’s decision to relocate aligns with its goal of producing carbon-free electricity by 2050.
T3 RiNo is part of a growing trend in the Denver area, where new buildings are adopting mass-timber construction to reduce carbon emissions in the construction industry. Buildings and construction contribute significantly to global greenhouse gas emissions, so the use of renewable, recyclable, and nontoxic materials like black spruce in the T3 RiNo building is a step towards a more sustainable future.
The new headquarters will have several amenities, including a state-of-the-art conference center, private outdoor terraces on each floor, a fitness center, and retail space on the ground floor. Additionally, its proximity to the Regional Transportation District’s train system will provide convenient access for employees.
Xcel Energy-Colorado’s commitment to sustainability goes beyond its choice of a green building. The company has set ambitious targets to cut emissions and increase its power generation from clean sources. By 2030, Xcel Energy-Colorado aims to reduce emissions by 87% below 2005 levels and generate 83% of its power from clean sources by 2028.
The move to T3 RiNo will not only support Xcel Energy-Colorado’s environmental goals but also reduce its annual operational costs by an estimated $2.5 million. The company remains committed to the Denver metro area, emphasizing its dedication to the community, service areas, and stakeholders.
Q: What is Xcel Energy-Colorado’s goal?
A: Xcel Energy-Colorado aims to produce carbon-free electricity by 2050.
Q: Why did Xcel Energy-Colorado choose to move its headquarters?
A: Xcel Energy-Colorado decided to move to a new headquarters in the River North Art District to prioritize sustainability and reduce carbon emissions.
Q: What is the significance of T3 RiNo?
A: T3 RiNo is a mass-timber building using renewable and nontoxic materials, aligning with Xcel Energy-Colorado’s commitment to sustainability.
Q: How will the move benefit Xcel Energy-Colorado?
A: The move is expected to reduce the company’s annual operational costs by an estimated $2.5 million.
Q: What is Xcel Energy-Colorado’s commitment to the Denver metro area?
A: Xcel Energy-Colorado remains committed to the Denver metro area as part of its dedication to the community, service areas, and stakeholders.