BATON ROUGE, La. – Entergy Louisiana and Monarch ���ϳԹ���, a company known for its green hydrogen and electro-fuels projects, have signed a memorandum of understanding to help advance the energy infrastructure in South Louisiana. As part of the agreement, Entergy Louisiana will work with Monarch ���ϳԹ��� to leverage existing transmission infrastructure and/or construct new generation resources to supply long-term renewable power to Monarch’s 300-megawatt green hydrogen electrolyzer project near Donaldsonville, Louisiana.

“We’re thrilled for the opportunity to bring this project to Louisiana,” said Phillip May, president and CEO of Entergy Louisiana. “Our state is primed for an economic boom in the coming years, and this agreement will help foster that growth. Together with Monarch, we know we can build a stronger, more resilient Louisiana.”

Monarch ���ϳԹ���’s hydrogen electrolyzer project represents a potential $400+ million investment in Ascension Parish, creating over 300 construction jobs and over 44 permanent operational jobs. Monarch ���ϳԹ��� began development of the facility in 2022 and expects to commence commercial operations in 2027.

“Entergy Louisiana’s commitment to providing renewable power to industrial customers like Monarch ���ϳԹ��� is a critical piece of advancing the Royale Electrolyzer project,” said Ben Alingh, co-founder and CEO of Monarch ���ϳԹ���. “Louisiana presents an excellent opportunity for green hydrogen production with the existing industrial workforce, development friendly local communities, and experienced industrial hydrogen consumers.”

Entergy Louisiana has a distinct locational advantage as it sits in the heart of South Louisiana’s hydrogen producers, storage infrastructure and industrial customers. In addition to safe, reliable power, these new and emerging customers are seeking access to renewable energy sources.¬† To meet those customer needs and help the state grow through economic development, Entergy Louisiana recently made the largest renewable power expansion request in state history by filing a request with its regulator, the Louisiana Public Service Commission, for approval to add an additional three gigawatts of solar power to its generation portfolio.

Collectively, 3,225 megawatts of solar power are in the approval queue for potential construction, development and placement on the grid through agreements with Entergy Louisiana, a major step forward in meeting the sustainability needs of its current and future customers.

About Entergy Louisiana

Entergy Louisiana, LLC provides electric service to more than 1 million customers in 58 parishes and natural gas service to more than 94,000 customers in Baton Rouge, Louisiana. Entergy Louisiana is a subsidiary of ���ϳԹ��� (NYSE: ETR), an integrated energy company engaged in electric power production, transmission and retail distribution operations. Entergy delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy owns and operates one of the cleanest large-scale U.S. power generating fleets with approximately 24,000 megawatts of electric generating capacity, including 5,000 megawatts of nuclear power. Headquartered in New Orleans, Louisiana, Entergy has annual revenues of $11 billion and approximately 12,000 employees.

About Monarch ���ϳԹ���

Monarch ���ϳԹ��� develops green hydrogen and electro-fuels projects with a specialization in hydrogen electrolysis and clean energy. The company was founded in 2021 with a mission to transform today’s hydrogen supply chain by utilizing clean molecules derived from water and zero carbon electricity. Monarch is developing a pipeline of projects containing 4 GW of future installed electrolyzer capacity across the United States and reduces its customers’ environmental footprint by providing clean alternatives to legacy feedstocks.

ENGIE is currently developing a 350 MW industrial-scale green hydrogen plant in Entergy Texas’ service area with an estimated commercial operation date by 2026.��This first phase of the proposed project requires an investment of over $500 million and will generate up to 500 jobs during construction and as many as 40 full time positions. Subsequent phases of the proposed hydrogen project could grow this Renewable Hydrogen project to 1 GW by 2030.

“We are proud to partner with industry leaders like ENGIE to support the needs of our customers and communities,” said Eliecer Viamontes, president and CEO of Entergy Texas. “Southeast Texas has the infrastructure and workforce to play an essential role in the growing low-to-zero carbon hydrogen industry, and our collaboration with ENGIE will lead the way for significant advancements.”��

Entergy Texas operates in the Midcontinent Independent System Operator energy market and has reliably served customers in Southeast Texas for decades. The company plans to invest over $2.5 billion by the end of 2024 to build a more resilient and sustainable energy future for the region.��

“High-energy, low-emission, locally produced hydrogen could be the next game-changing energy resource for Texas,” said Eric De Caluwe, Managing Director of Flexible Generation & Hydrogen at ENGIE North America. “With Houston being home to our North American headquarters for the last 40 years and Texas continuing to be a key market of investment and advancement of new projects and technologies, we look forward to working with Entergy Texas to serve the changing needs of industrial and heavy transport customers here as they seek cleaner forms of energy to fuel their operations and processes.”��

About Entergy Texas��
Entergy Texas, Inc. provides electricity to approximately 499,000 customers in 27 counties. Entergy Texas is a subsidiary of ���ϳԹ���, a Fortune 500 electric company. Entergy powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. For the latest news from Entergy, visit the .��

About the ENGIE Group��
The ENGIE Group (made up of ENGIE S.A. and its subsidiaries and affiliates) is a global leader in low-carbon energy and services. With its 96,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. ENGIE S.A. (ENGI), is listed on the Paris and Brussels Stock Exchanges.��

In North America, ENGIE companies have delivered integrated, innovative energy solutions to public and private organizations for nearly half a century. We employ approximately 3,000 people focused on enabling our customers to become more sustainable and achieve their decarbonization targets through expert project delivery and competitive solutions. For more information on ENGIE in North America, please visit our LinkedIn page or Twitter feed, and .

BEAUMONT, Texas – Entergy Texas and Monarch ���ϳԹ���, a company known for its green hydrogen and electro-fuels projects, have signed a memorandum of understanding to help advance the energy infrastructure in Southeast Texas. As part of the agreement, Entergy Texas will work with Monarch ���ϳԹ��� to leverage existing transmission infrastructure and/or construct new generation resources to supply long-term renewable power to Monarch’s 500-megawatt green hydrogen electrolyzer project near Beaumont, Texas.

“Southeast Texas is growing at a rapid pace, and it’s essential we make investments that help power that growth and support a resilient electric system,” said Eliecer Viamontes, president and CEO of Entergy Texas. “This partnership with Monarch ���ϳԹ��� allows us to diversify our generation portfolio while also strengthening the region’s economic development.”

Monarch ���ϳԹ���’s hydrogen electrolyzer project represents a potential $500 million investment in the Beaumont region, creating over 500 temporary construction jobs and over 30 permanent operational jobs. Monarch ���ϳԹ��� began development of the facility in 2021 and expects to commence commercial operations in 2026.

“Monarch is excited to be working with a best-in-class partner in Entergy Texas,” said Ben Alingh, co-founder and CEO of Monarch ���ϳԹ���. “Securing a reliable supply of clean power is critical to the success of our green hydrogen project in Beaumont.”

Entergy Texas has a distinct locational advantage as it sits in the heart of hydrogen producers, storage infrastructure and industrial customers. Additionally, the utility’s service territory has a workforce with the skillset needed to support hydrogen innovation. Entergy Texas remains committed to working with industry leaders to provide reliable, affordable and sustainable power to our customers for generations to come.

About Entergy Texas

Entergy Texas, Inc. provides electricity to 499,000 customers in 27 counties. Entergy Texas is a subsidiary of ���ϳԹ���, a Fortune 500 company headquartered in New Orleans. Entergy powers life for 3 million customers through its operating companies across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,000 employees are dedicated to powering life today and for future generations. For the latest news from Entergy, visit the .

About Monarch ���ϳԹ���

Monarch ���ϳԹ��� develops green hydrogen and electro-fuels projects with a specialization in hydrogen electrolysis and clean energy. The company was founded in 2021 with a mission to transform today’s hydrogen supply chain by utilizing clean molecules derived from water and zero carbon electricity. Monarch is developing a pipeline of projects containing 4 GW of future installed electrolyzer capacity across the United States and reduces its customers’ environmental footprint by providing clean alternatives to legacy feedstocks.

Entergy is taking additional actions on climate change while maintaining our commitment to safely providing reliable, affordable and cleaner energy for customers and communities.

We recently published our latest climate report as an update to stakeholders and to provide transparency on our progress to achieving net-zero carbon emissions by 2050.

“As a power provider for 3 million customers in four southern states, Entergy plays a critical role in delivering the clean energy solutions essential to lowering greenhouse gas emissions across the economy, without compromising affordability or service reliability,” said Drew Marsh, chief executive officer for Entergy. “This report outlines our thoughtfully planned climate actions moving forward and our approach to addressing uncertainties along the way.”

Entergy is one of the first utilities to address the totality of carbon emissions across its value chain – that is, Scope 1, 2 and 3 emissions of all applicable greenhouse gases from all Entergy businesses.

In the report, we reaffirmed our commitment to by 2050 and discussed two interim carbon emission reduction targets. First, we expect 50% of our power generation capacity will come from clean, carbon-free energy sources by 2030, which is a new goal established as of the latest climate report. Second, we will reduce our carbon dioxide emissions rate by 50%, including owned and purchased power generation, from 2000 base-year emissions by 2030. Entergy also reaffirmed plans to retire all coal-powered generating plants by the end of 2030.

The report also discusses efforts to accelerate investments in power delivery system resilience. Entergy strives to build and maintain a reliable and resilient system. In response to the increased frequency in extreme weather events, we have broadened and updated our climate science-based analysis process. Based on this analysis, we are proactively accelerating our investments in resilience, especially in vulnerable areas.

This latest climate report builds on Entergy’s 20-year history of climate action and advances a cleaner, sustainable and more resilient future for all stakeholders. Read our foundational 2019 climate report and our 2020 addendum, which established our net-zero emissions by 2050 commitment .

In this announcement and the climate report, ���ϳԹ��� makes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.�� Such forward-looking statements include, among other things, statements regarding Entergy’s climate plans, goals, beliefs, assumptions and expectations, including the illustrative pathway presented in its climate report, statements regarding its carbon-free energy capacity, GHG reduction goals and strategies; and other statements of Entergy’s plans, beliefs, or expectations included in this presentation. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this presentation.�� Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.���� These forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements.�� Many of those factors are discussed in the climate report and in Entergy’s most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and Entergy’s other reports and filings made under the Securities Exchange Act of 1934 and include, among others, uncertainties associated with rate proceedings, formula rate plans, and other cost recovery mechanisms, uncertainties associated with realizing the benefits of Entergy’s resilience plan and efforts to remediate the effects of major storms and recover related restoration costs; risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; and the effects of technological change, including the costs, pace of development, and commercialization of new and emerging technologies.

BEAUMONT, Texas¬†– Entergy Texas and an affiliate of New Fortress ���ϳԹ��� Inc. (NASDAQ: NFE) recently executed an agreement to collaborate on the development of renewable energy and hydrogen infrastructure. The partnership will help accelerate the green hydrogen economy in Southeast Texas.

As part of the agreement, Entergy Texas will work with NFE to leverage existing transmission infrastructure and construct a new high-side substation and transformer connections on the site of NFE’s 120 megawatt industrial-scale green hydrogen plant near Beaumont, Texas.

“New Fortress ���ϳԹ���’s facility is a significant development for Southeast Texas, and Entergy Texas is excited about this partnership,” said Eliecer Viamontes, president and CEO of Entergy Texas. “This project, in addition to the proposed hydrogen-enabled Orange County Advanced Power Station, points to the continued advancement of the hydrogen industry.”

Expected to be one of the largest of its kind in North America, NFE’s facility will leverage industry-leading proton exchange membrane (PEM) electrolysis technology from Plug Power (NASDAQ: PLUG) for the production of more than 50 tons per day (TPD) of green hydrogen. With the development of additional supporting infrastructure, the facility will be scalable to nearly 500 megawatts.

The referenced agreement between NFE and Entergy Texas, a non-binding memorandum of understanding, sets forth a framework for NFE and Entergy Texas to collaborate in several other key areas, including (i) development of new renewable generation resources, (ii) commercial offtake of green hydrogen from NFEs facility to Entergy Texas’ Orange County Advanced Power Station and/or other power plants in Entergy Texas’ operating portfolio, and (iii) pipelines and underground hydrogen storage to enhance the green hydrogen value chain and the resilience of power supply to Entergy Texas’ customers in Southeast Texas.

Last year, Entergy Texas filed a request for approval of OCAPS, a 1,215-megawatt, dual-fuel combined cycle power facility that will have the capability to use a combination of natural gas and hydrogen. Electric generation using hydrogen as the fuel source produces zero carbon emissions.

“We are proud to collaborate with Entergy, a leading provider of reliable and sustainable electricity, as we expand our green hydrogen initiatives,” said Wes Edens, Chairman and CEO of New Fortress ���ϳԹ���. “We believe Southeast Texas is an optimal location for our first green hydrogen facility and look forward to delivering scalable solutions to meet the significant needs of industrial customers across the region alongside Entergy and our other partners.”

New Fortress ���ϳԹ��� anticipates commencing commercial operations at its first green hydrogen facility as early as 2024. The project is strategically located in proximity to industrial end-users as well as access to reliable power and superior logistics including rail, marine and existing pipelines that span the U.S. Gulf Coast region.¬†

Entergy Texas operates in the Midcontinent Independent System Operator energy market and has reliably served customers in Southeast Texas for decades.

The company plans to invest over $2.5 billion by the end of 2024 to build a cleaner, more resilient, and sustainable energy future for the region.

About Entergy Texas
Entergy Texas, Inc. provides electricity to more than 486,000 customers in 27 counties. Entergy Texas is a subsidiary of ���ϳԹ���, a Fortune 500 company headquartered in New Orleans. Entergy powers life for 3 million customers through its operating companies across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,500 employees are dedicated to powering life today and for future generations.

About New Fortress ���ϳԹ���
New Fortress ���ϳԹ��� Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The company owns and operates natural gas and liquefied natural gas (LNG) infrastructure, ships, and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the company’s assets and operations seek to support global energy security, enable economic growth, enhance environmental stewardship, and transform local industries and communities around the world.

BEAUMONT, Texas РAs part of its plan to meet growing demand across Southeast Texas and modernize its generation fleet, Entergy Texas, Inc. has begun the process to seek approval to construct the Orange County Advanced Power Station, a 1,215-megawatt, dual fuel combined cycle power facility. The plant will be located near Bridge City, Texas and will be capable of powering more than 230,000 homes and use a combination of natural gas and hydrogen. Hydrogen produces zero carbon emissions as a fuel source for electric generation. 

“The Orange County Advanced Power Station is a Texas project for Texas customers,” said Sallie Rainer, president and CEO of Entergy Texas. “The addition of this facility will continue our work to provide reliable, low-cost and clean energy in Southeast Texas and will provide more than $1.5 billion in net benefits to customers by reducing reliance on energy markets.”

An outside economic impact analysis by TXP, Inc. found that the construction and operation of the Orange County Advanced Power Station will play a major role in creating jobs and driving increased economic activity. Estimates indicate that construction will provide more than 7,000 direct jobs in Texas and nearly $1.8 billion in economic activity for the regional economy. Once operational, the plant will provide approximately 27 permanent direct jobs in Texas.

In addition to meeting current customer needs across Southeast Texas, the Orange County Advanced Power Station will be built with a focus on long-term sustainability in an economy where many stakeholders and customers are focused increasingly on decarbonization. The plant’s ability to be powered by hydrogen, which emits no carbon dioxide, supports its long-term viability for customers and the Southeast Texas community. Hydrogen is widely used today in industrial processes, including by a number of Entergy Texas’s large industrial customers. The fuel can be stored nearby in facilities such as in Entergy Texas’s Spindletop storage facility and can be deployed alongside natural gas to produce lower emissions energy reliably when needed, including working in hours when intermittent renewable resources do not generate power.¬†

“Southeast Texas is well-positioned to play a key role in the transition to increased use of hydrogen in electric generation,” said Rainer. “Our region is home to hydrogen producers, pipelines, storage and industrial users. We look forward to working with industry partners on the role the Orange County Advanced Power Station will play in providing reliable power while also meeting the sustainability needs of our customers and communities, and also to establish Southeast Texas as a global hub for hydrogen production and consumption.”

Within the coming months, Entergy Texas intends to file a request for approval to construct the Orange County Advanced Power Station with the Public Utility Commission of Texas. If the Public Utility Commission approves Entergy Texas’s application, construction will begin in the second quarter of 2023. Entergy Texas expects the plant to be in service by summer 2026.

About Entergy Texas

Entergy Texas, Inc. provides electricity to approximately 473,000 customers in 27 counties. Entergy Texas is a subsidiary of ���ϳԹ���, an integrated energy company engaged in electric power production, transmission and retail distribution operations. Entergy delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy owns and operates one of the cleanest large-scale U.S. power generating fleets with approximately 30,000 megawatts of electric generating capacity, including 7,000 megawatts of nuclear power. Headquartered in New Orleans, Louisiana, Entergy has annual revenues of $10 billion and approximately 12,500 employees. Learn more at entergy.com and follow @Entergy on social media.

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Entergy is actively working toward a clean energy future for everyone who lives and works in the communities we serve. Our everyday work supports the United Nations Sustainable Development Goal #13 – Climate Action: Take urgent action to combat climate change and its impacts.

Since 2001, we’ve voluntarily stabilized and reduced our carbon dioxide emissions. We’ve strengthened and extended our climate commitment, most recently outperforming our 2020 goal by 8%.

Now, as outlined in our , we are committed to achieving net-zero carbon emissions by 2050. This means, Entergy will work over the next three decades to reduce carbon emissions from our operations as low as possible.��This 2050 climate commitment is inclusive of all of Entergy’s businesses, all greenhouse gases and all scopes of greenhouse gas emissions. Any remaining emissions will be offset by purchasing carbon credits, investing in wetlands restoration and reforestation and other actions.

We will accomplish this commitment through:

• Working with our regulators and stakeholders to balance reliability, affordability and sustainability objectives.
• Expanding our use of renewables like solar and distributed-energy resources like backup generators.
• Building in options for using green hydrogen as an alternative fuel source in our modern natural gas-powered plants, including Entergy Texas’ future Orange County Power Station.
• Potentially retrofitting existing generation plants with emerging technologies such as carbon capture and battery storage.
• Replacing older, less efficient generating units with new, modern, efficient plants.
• Retiring all coal-powered generating plants by the end of 2030. (Coal resources contributed only 3% to our utility’s 2020 energy mix).
• Collaborating with customers, key suppliers, and industry partners to advance clean technologies and strategies.
• Engaging with partners and gaining experience in enhancing natural systems, such as wetlands and forests that absorb carbon.
• Working with other industries such as transportation on beneficial electrification and communitywide emission reduction initiatives.

These are just a few of the actions we’ve taken as a responsible steward of our environment, ensuring our communities are cleaner and more resilient today and for future generations.

.

NEW ORLEANS – ���ϳԹ��� (NYSE: ETR), a national leader in sustainability and environmental stewardship, announced today it is accelerating its climate action goals with a commitment to achieving net-zero carbon emissions by 2050. The company also reaffirmed its continued commitments to grid reliability and affordability for customers.

“Entergy remains focused on helping our stakeholders achieve their most ambitious aspirations in a reliable, affordable and sustainable way through new technologies and innovative solutions. In 2001, we were the first utility in the nation to voluntarily limit carbon emissions and today’s 2050 climate commitment is another major step forward in enabling customers to achieve their desired outcomes while consuming the least amount of resources,” said Leo Denault, Entergy’s chairman of the board and CEO. “As we deliver on our promises to customers, regulators and all key stakeholders, it’s critical that we do so in a manner that promotes a cleaner, more sustainable future.”

Key actions by Entergy include:

• Ongoing integration of renewable energy resources, storage, and innovative applications of conventional generation into the company’s long-term generation portfolio transformation. Also, continuing investment in existing zero-carbon nuclear power and in modern, efficient natural gas generating units, while retiring our coal and older, less efficient gas-powered units.
• Evaluating and enhancing the company’s portfolio transformation with emerging technologies, such as distributed resources, alternative fuels likes renewable natural gas and green hydrogen, carbon capture and sequestration, and advanced nuclear.
• Collaborating with customers, key suppliers and industry partners to advance the technologies and strategies necessary to reduce carbon emissions.
• Continuing to engage with partners and gain experience enhancing natural systems such as wetlands and forests that absorb carbon.
• Working across and between sectors, such as transportation and industry, on beneficial electrification and net-emission reduction initiatives.

Additionally, new agreements with Invenergy for renewable energy development and Mitsubishi Power for fuel supply emissions reduction solutions are advancing the company’s sustainability objectives. Entergy and Invenergy have agreed to co-develop renewable energy facilities in the Gulf South region. Entergy’s collaboration with Mitsubishi Power propels the technologies and expertise to co-fire hydrogen produced from renewable energy. Initial actions include demonstrating the technology, producing hydrogen from renewables or nuclear power and exploring hydrogen storage options. A longer-term strategy includes investing in the infrastructure necessary to create regional opportunities for hydrogen technologies.

“As we deliver on our promises to customers, regulators and all key stakeholders, it’s critical that we do so in a manner that promotes a cleaner, more sustainable future.” – Leo Denault, Entergy chairman of the board and CEO

The commitment to achieve net-zero emissions by 2050 builds on Entergy’s 20-year history of climate action and positions the company for five decades of leadership toward advancing a cleaner and more sustainable future for all stakeholders. In 2001, Entergy became the first U.S. utility to limit its carbon dioxide emissions voluntarily. Since then, the company has renewed and strengthened its goals:

2020: The company is currently outperforming by 8% its commitment to maintain carbon emissions through 2020 to 20% below year 2000 levels.

2030: In 2019, Entergy announced in its 2019 Climate Report a goal to reduce by half the carbon emissions rate (pounds per megawatt hour) in 2030 compared to year 2000 levels.

2050: An overview of a potential path the company could take to net-zero emissions is available here. The company will publish about the commitment later this fall.

Entergy already is one of the cleanest large-scale electric utilities in the country, as noted in the 2020 report conducted by energy and environmental advisory firm M. J. Bradley & Associates, an ERM Group company. MJB&A is an advisor to Entergy on its climate and net-zero strategy.

“Entergy’s net-zero commitment breaks ground with important near-term investments in clean energy technologies that will be needed to transform the power generation fleet,” said Robert LaCount, executive vice president at MJB&A. “Entergy’s climate and energy analysis highlights the critical role for multiple technologies – including renewables and hydrogen – to achieve a carbon-free electric system.”

While the company’s new commitment looks far into the future, Entergy is leading today in innovative technology engagement and cross-sector collaboration to support the technology, innovation and policies needed to meet our 2050 commitment, including the , the , the Edison Electric Institute’s , , the , and the climate agenda.

To learn more about Entergy’s commitment to customers and environmental stewardship, visit entergy.com/environment.

Forward-Looking Statements

In this news release, and from time to time, ���ϳԹ��� makes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other things, statements regarding Entergy’s environmental plans, goals, beliefs and expectations, including statements regarding its greenhouse gas reduction goals and strategies; and other statements of Entergy’s plans, beliefs, or expectations included in this presentation. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this presentation. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this presentation and in Entergy’s most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and Entergy’s other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with efforts to remediate the effects of major storms and recover related restoration costs; (d) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; (e) changes in decommissioning trust fund values or earnings or in the timing or cost of decommissioning Entergy’s nuclear plant sites; (f) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; (g) risks and uncertainties associated with execution on our business strategies, including strategic transactions that Entergy or its subsidiaries may undertake and the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized; (h) effects of changes in federal, state, or local laws and regulations and other governmental actions or policies, including changes in monetary, fiscal, tax, environmental, or energy policies; (i) the effects of changes in commodity markets, capital markets, or economic conditions; (j) impacts from a terrorist attack, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy’s business or operations, and/or other catastrophic events; (k) the direct and indirect impacts of the COVID-19 pandemic on Entergy and its customers; and (l) the effects of technological change, including the costs, pace of development and commercialization of new and emerging technologies.

About ���ϳԹ���

���ϳԹ��� is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including 8,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of $11 billion and approximately 13,600 employees.

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LAKE MARY, Fla. and NEW ORLEANS (September 23, 2020) – Mitsubishi Power, a world leader in power generation and energy storage, and ���ϳԹ��� (NYSE: ETR), an integrated energy company engaged primarily in electric power production and retail distribution operations, signed a joint development agreement in which they will collaborate to bring decarbonization projects to Entergy’s utility businesses in Arkansas, Louisiana, including the separate jurisdiction of New Orleans, Mississippi and Texas. The relationship will foster collaboration on project development and technology solutions toward enabling Entergy to create a cleaner, more sustainable future for stakeholders by limiting carbon emissions from electric power generation.

Entergy has engaged with Mitsubishi Power because of the company’s demonstrated ability to provide innovative total solutions leveraging multiple technologies to reach decarbonization goals. Mitsubishi Power is a first mover in hydrogen-enabled gas turbine and long- and short-term storage solutions. It also provides the world’s first and only standard integrated green hydrogen packages. The Hydaptive™ and Hystore™ packages optimize integration across renewables, energy storage, and hydrogen-enabled gas turbine power plants, which all work together to create and incorporate green hydrogen — a key to reaching carbonless emissions.

Mitsubishi Power M501JAC hydrogen-enabled gas turbine. (Credit: Mitsubishi Power)

Together Entergy and Mitsubishi Power will focus on

• developing hydrogen-capable gas turbine combined cycle facilities
• developing green hydrogen production, storage and transportation facilities
• creating nuclear-supplied electrolysis facilities with energy storage
• developing utility scale battery storage systems
• enabling economic growth through partnerships with the Entergy utility customers

Entergy has led the power generation industry in voluntarily reducing greenhouse gas emissions. In 2001, it was the first U.S. electric utility to commit to limiting carbon dioxide emissions, a goal it enhanced and extended through 2020. While operating one of the cleanest large-scale power generation fleets in the country, Entergy that it would further address climate risk by lowering its carbon emission rate to half of year-2000 levels by 2030.

Paul Hinnenkamp, Entergy’s Executive Vice President and Chief Operating Officer, said, “For two decades, sustainability has been a priority for Entergy. We have pledged to conduct our business in a manner that is environmentally, socially and economically sustainable that will benefit all our stakeholders. New technologies and innovative solutions to the challenges posed by climate change present opportunities for us to significantly decrease carbon emissions from our generation portfolio while maintaining low rates. We are pleased to welcome Mitsubishi Power as a collaborative partner in developing strategies to integrate these new technologies and solutions that support us achieving our environmental and customer commitments.”

This year Mitsubishi Power announced technologies representing years of development to enable the transition to a low-carbon then carbon-free grid. The company announced the sale of its in March for the Intermountain Power Plant, which plans to transition from coal to a mixture of 30 percent hydrogen with natural gas by 2025, ramping to 100 percent green hydrogen fuel by 2045. Last month the company announced a in Texas, its largest to date. This month Mitsubishi Power announced the for power balancing and energy storage.

Paul Browning, Mitsubishi Power America’s President and Chief Executive Officer, said, “In recent years we have supported Entergy on three large power projects that the utility executed on schedule and on budget as part of a multi-year project to modernize the power generation fleet and voluntarily reduce carbon emissions. Now, we’re proud to work with Entergy on the next phase of decarbonization. At Mitsubishi Power, our mission is to provide power generation and storage solutions to our customers that enable them to affordably and reliably combat climate change and advance human prosperity. We look forward to extending our long-term collaboration with Entergy. Together, we will create a .”

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Communications Contacts

Sharon Prater (Mitsubishi Power)
+1 407-688-6200
Sharon.Prater@amer.mhps.com��

Neal Kirby (Entergy)
+1 504-576-4238
nkirby@entergy.com

About Mitsubishi Power Americas, Inc.

Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,000 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North and South America. Mitsubishi Power’s power generation solutions include natural gas, steam, aero-derivative, geothermal, distributed renewable technologies, environmental controls, and services. ���ϳԹ��� storage solutions include green hydrogen and battery energy storage systems. Mitsubishi Power also offers digital solutions that enable autonomous operations and maintenance of power assets. Mitsubishi Power is a part of Mitsubishi Power, Ltd., a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace and defense. For more information, visit the and follow us on .

About ���ϳԹ���

���ϳԹ��� is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including 8,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of $11 billion and approximately 13,600 employees. For more information, visit www.entergy.com and follow @Entergy on social media.

Forward-Looking Information

Entergy’s statements concerning its environmental plans, goals, beliefs and expectations, including statements regarding its greenhouse gas reduction goals, strategies and actions it may take to achieve such goals, statements regarding opportunities to partner with customers and others to advance technology development or reduce societal emissions and other statements of Entergy’s plans, beliefs, or expectations included in this release are “forward-looking statements” which apply only as of the dates indicated.

Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including, among other things, uncertainties associated with regulatory proceedings and other cost recovery mechanisms, risks associated with executing on our business strategies, effects of changes in laws, regulations or policies, the effects of technological change, including the costs, pace of development and commercialization of new and emerging technologies, uncertainties and other factors discussed in Entergy’s most recent Annual Report on Form 10-K and subsequent reports and filings made under the Securities Exchange Act of 1934.