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Printers Market to Grow by USD 10.65 Billion (2024-2028), Driven by Rising SME Demand, with Market Insights Powered by AI – Technavio

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NEW YORK, Nov. 18, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global printers market size is estimated to grow by USD 10.65 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  3.46%  during the forecast period. Rising demand for printers from SMES is driving market growth, with a trend towards increasing adoption of 3D technology in printers. However, increased digitization in enterprises  poses a challenge.Key market players include Bixolon Co. Ltd., Brady Corp., Brother Industries Ltd., Canon Inc., Citizen Systems Europe GmbH, Dell Technologies Inc., Fujitsu Ltd., Honeywell International Inc., HP Inc., Konica Minolta Inc., Lenovo Group Ltd., Lexmark International Inc., Ninestar Co. Ltd., Oki Electric Industry Co. Ltd., Panasonic Holdings Corp., Redington India Ltd., Ricoh Co. Ltd., Riso Kagaku Corp, Seiko Epson Corp., Sharp Corp., Toshiba Corp., Xerox Holdings Corp., Zebra Technologies Corp., and KYOCERA Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Printers Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.46%

Market growth 2024-2028

USD 10.65 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.32

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

Bixolon Co. Ltd., Brady Corp., Brother Industries Ltd., Canon Inc., Citizen Systems Europe GmbH, Dell Technologies Inc., Fujitsu Ltd., Honeywell International Inc., HP Inc., Konica Minolta Inc., Lenovo Group Ltd., Lexmark International Inc., Ninestar Co. Ltd., Oki Electric Industry Co. Ltd., Panasonic Holdings Corp., Redington India Ltd., Ricoh Co. Ltd., Riso Kagaku Corp, Seiko Epson Corp., Sharp Corp., Toshiba Corp., Xerox Holdings Corp., Zebra Technologies Corp., and KYOCERA Corp.

Market Driver

The printing market is thriving with trends like mobile printing, color printing, and packaging printing leading the way. Printers, whether inkjet or laser, are essential electronic tools for producing text and images on paper from computers. Inkjet printing uses solvent, water-based, UV-based, or LED inks, while toner is used in laser printers. The cost of ink is a significant factor, with inkjet printer cartridges and ink tank printers offering cost-effective solutions. Analog printing, such as dot matrix and impact printers, are being replaced by digital printing, including line printers and multifunction printers (MFPs). MFPs offer digital features and security, making them popular in residential, commercial, educational, and enterprise settings. Managed print services help businesses optimize their printing needs. Cloud-based computing and software ecosystems facilitate digital integration, enabling users to print from Dropbox, Google Drive, and other platforms. The home printer market includes wired and wireless printers, with MFPs offering various connectivity options like USB, data cable, short-range radio, Bluetooth, Local Area Network (LAN), Ethernet, and WiFi. The global printer market is vast, with various types of printers catering to diverse industries, from e-commerce businesses and online grocery shopping to food ordering and Point of Sale (POS) terminals, cash registers, and ATMs. Environmental concerns are increasingly important, with some companies using ocean-bound plastic in their printers and focusing on reducing their carbon footprint and energy use. Advancements in technology include artificial intelligence (AI), machine learning (ML), and data analytics, enabling automation and security features. Security experts are addressing vulnerabilities, ensuring data privacy and confidentiality. The future of printing is sustainable, with a focus on environmental impact, reducing heavy metals and pollution, and minimizing carbon emissions. 

The printer market is experiencing a notable shift with the increasing adoption of 3D printing technology. Initially used for prototyping, this technology has expanded into mainstream manufacturing. In healthcare, it produces patient-specific medical implants, prosthetics, and surgical models, enhancing patient care. In aerospace and automotive sectors, 3D printing creates lightweight, complex parts with reduced lead times and costs, improving aircraft and automobile performance and fuel efficiency. 

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 Market Challenges

The printing market faces several challenges in the current business landscape. Printers, including A4 printers and multifunction printing devices, must keep up with advancements such as mobile printing and cloud-based computing. Color printing and packaging printing remain in demand, but ink cost and the ecosystem of inks, including inkjet, solvent, water-based, UV-based, and LED inks, continue to be a concern. Analog printing technologies like dot matrix and impact printers are being replaced by digital printing, which offers digital features and security. Environmental impact is a growing concern, with companies exploring ocean-bound plastic and other sustainable solutions. Printers serve various industries, from residential and commercial to educational institutions and enterprises. Ink tank printers, toner, and ink cartridges are essential components, with cost per page and ink subscriptions being key considerations. Printers are essential electronic tools for producing text and images on paper from computers and other devices. They use various output technologies like thermal, inkjet, and laser, and connect via data cables, USB, short-range radio, Bluetooth, Local Area Network (LAN), Ethernet, WiFi, and memory cards. Printing markets are expanding with the digital integration of e-commerce businesses, online grocery shopping, food ordering, and other applications. Product enhancements, such as managed print services, security features, and environmental sustainability, are crucial. Printing processes contribute to carbon emissions and have a carbon footprint, impacting climate change and energy use. Companies are exploring artificial intelligence (AI), machine learning (ML), and data analytics to improve automation and reduce vulnerabilities. Security experts focus on addressing potential vulnerabilities and ensuring data privacy.The global printer market may experience hindrance in growth due to the increasing digitization trend in various industries. With the rise of digital channels, enterprises are shifting towards electronic versions of documents, such as e-brochures, e-catalogs, and e-manuals, instead of printed materials. For instance, digital bills and statements have replaced their hard copy counterparts. The growing number of internet users, the increasing penetration of smartphones, and advancements in communication network infrastructure are driving the adoption of digital channels by businesses for promoting their products and services and sharing essential information. Digitization’s impact on the printer market is significant, making it essential for printer manufacturers to adapt and innovate to cater to evolving business needs.

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Segment Overview 

This printers market report extensively covers market segmentation by  

Technology 1.1 Laser1.2 Inkjet1.3 OthersType 2.1 Multifunction printers2.2 Single function printersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Laser-  Laser printing is a widely used non-impact printing technology that applies electrophotography or electrostatic charges for image production. In this process, a laser beam is utilized to induce charges, enabling precise printing. Laser printing caters to various applications, including variable data printing and wide-format printing. Compared to inkjet and LED printing, laser printing boasts advantages such as faster speed, consistent precision, and lower running costs due to the use of dry ink. Primarily employed in offices for their accuracy and efficiency, laser printers have seen increased demand from enterprises. In response, printer manufacturers like Ninestar Co. Ltd. Have expanded their laser printer offerings, such as the Elite Series launched in January 2021. Key factors driving the adoption of laser printing technology include the emergence of compact laser printers, the growing demand for A4 and A3 laser multifunction printers from businesses, and the declining average selling price of laser printers. However, the emergence of ink tank printers may hinder growth during the forecast period. Despite this, the demand for laser printing technology is expected to remain steady due to the continuous enterprise demand for laser multifunction printers.

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Research Analysis

The printing market encompasses various types of printers, including mobile, color, and packaging printing solutions. These printers cater to diverse needs, from entry-level A4 models to advanced industrial machines. The advent of cloud-based computing and software ecosystems has revolutionized the industry, enabling seamless integration with computers, mobile devices, and other digital tools. Printers now support multiple output technologies, such as inkjet and solvent inks, to produce high-quality text and images on various printing media. Hardware components like data cables, USB, and short-range radio technologies (Bluetooth) facilitate easy connectivity. Printers have evolved into electronic tools that transform digital documents, photos, and computer data into tangible outputs. Inkjet printing, with its ecosystem of inks, has gained significant popularity due to its versatility and affordability. Solvent inks, on the other hand, are preferred for packaging printing applications due to their durability and ability to adhere to different materials. Overall, the printing market continues to innovate, offering an extensive range of products to cater to the diverse needs of businesses and consumers alike.

Market Research Overview

The printing market encompasses a wide range of printers and printing technologies, including mobile printing, color printing, packaging printing, and analog and digital printing solutions. Printers come in various forms, from A4 printers for home use to industrial-grade machines for commercial and enterprise applications. The market also includes inkjet, solvent, water-based, UV-based, and LED ink systems, each with its unique advantages and cost structures. Cloud-based computing and software ecosystems play a crucial role in the printing industry, enabling remote printing and managing print jobs. Digital features and security are essential considerations, with environmental sustainability becoming increasingly important. Ocean-bound plastic and other eco-friendly initiatives are gaining traction. Printers serve various industries, from residential and educational institutions to commercial enterprises and e-commerce businesses. They are used to print text and images on paper, computers, and other printing media, with various connectivity options such as data cables, USB, short-range radio, Bluetooth, Local Area Network (LAN), Ethernet, and WiFi. Printers are essential office equipment and computer peripherals, with various types, including line printers, copiers, multifunctional systems, and managed print services. The global printer market is diverse and constantly evolving, with new technologies like AI, ML, and data analytics driving product enhancements and automation. However, printers also have environmental impacts, including carbon emissions, energy use, and the use of heavy metals. Security is another critical concern, with vulnerabilities and the need for security experts to address potential threats. Overall, the printing market is a dynamic and complex ecosystem that continues to adapt to the changing needs of businesses and consumers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyLaserInkjetOthersTypeMultifunction PrintersSingle Function PrintersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Lightyear Announces Winners of 2026 Luminaries of Telecom Awards

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NEW YORK, Nov. 6, 2026 /PRNewswire/ — Lightyear, Telecom’s System of Action, today announced the winners of its fourth annual Luminaries of Telecom Awards, recognizing the people, teams, and organizations driving innovation and transformation across enterprise telecom.

For the first time, the awards were presented live at Layer8 by Lightyear, the company’s inaugural one-day industry event held in NYC on November 4, 2026. This year’s program recognized enterprise leaders and teams across four categories:

Platform ExcellenceAI TrailblazerDream TeamTransformation of the Year

The 2026 Luminaries Awards celebrate the individuals and organizations pushing the boundaries of what’s possible in telecom, from embracing AI-driven operations to transforming network procurement, telecom management, and collaboration.

2026 Award Recipients

Platform Excellence

Recognizing individuals who demonstrate exceptional use of the Lightyear platform through rapid implementation, innovative application, and measurable business impact.

Winners:

Motorola Solutions: Nicole Pagliaro-Mojica, Sr. Manager I, IT Network Business Operations, Telecom Services; Yader Rodriguez, Network Engineer; and Tina Covert, Network & Telecom Sr. Project ManagerRise Internet: Duane Zechmann, Field Engineering Manager

AI Trailblazer

Celebrating the forward-thinking leaders putting agentic AI to work in network operations to streamline processes, improve efficiency, and deliver meaningful business outcomes.

Winners:

The Trade Desk: Aftab Ali, Head of Infrastructure BizOps, and Kazuma Nagatori, Lead Staff Network EngineerElauwit Connection: Taylor Jones, President and CTO

Dream Team

Recognizing IT teams that exemplify exceptional collaboration, leveraging technology and strategic processes to work more effectively and deliver stronger outcomes across their organizations.

Winners:

FactSet: Umer Malik, Associate Director of Data Centers and Network Operations

Transformation of the Year

Honoring organizations that have leveraged Lightyear to fundamentally transform their network infrastructure while establishing best-in-class approaches to telecom procurement and vendor management.

Winners:

Honeywell Aerospace: Todd Stewart, Vice President of Network, Infrastructure, Computing, and SupportSolstice Advanced Materials: Bryan Adcock, Senior Strategic Sourcing Manager of Global IT Procurement and Steve Delatte, IT Director

Celebrating the People Moving Telecom Forward

“Telecom is at an inflection point. AI is changing what’s possible in network operations, but successful transformation still comes down to the people willing to challenge the status quo and rethink how things have always been done,” said Dennis Thankachan, CEO and Co-Founder of Lightyear. “This year’s Luminaries represent exactly that mindset. They’re not just adopting new technology; they’re putting it to work to drive real change across their organizations. We’re proud to be a part of their journeys and even more excited about what’s ahead for this industry.”

Lightyear congratulates all of this year’s winners and finalists and extends its sincere appreciation to the judging panel and event hosts for their time, expertise, and contributions to the program.

Congratulations to the 2026 Luminaries. We’ll see you next year!

About Lightyear

Lightyear helps more than 450 enterprises procure, manage, and pay for telecom services through one connected platform. Its Procurement, Network Inventory Management, and Expense Management products combine software, AI agents, proprietary data from 1,200+ carriers, and telecom experts to reduce costs, save time, and maintain control across the service lifecycle.

Media Contact

Caroline Colwell
caroline@lightyear.ai

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John Summit Brings Experts Only to Big Sky for Two Headline Shows, March 13-14, 2027

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Event marks Montana debut for John Summit and the exclusive Experts Only ski weekender in the U.S. in 2027

BIG SKY, Mont., Nov. 6, 2026 /PRNewswire/ — Outlaw Partners is pleased to announce that Experts Only is heading to Big Sky. John Summit Presents Experts Only Big Sky will take over the Big Sky Events Arena for two headline shows on Saturday, March 13 and Sunday, March 14, 2027. It will be John Summit’s first time performing in Montana and the only Experts Only ski weekender in the U.S. in 2027.

Presented by Experts Only and produced by Outlaw Partners, the weekend will bring together some of the world’s best DJs, live music, skiing, wellness activities, and more, all in one of the most spectacular mountain settings in North America. The Big Sky Events Arena sits in Big Sky’s Town Center, with the 11,166-foot Lone Mountain as the backdrop.

“We’re honored to partner with John Summit and the Experts Only team to bring this incredible electronic music and ski lifestyle event to Big Sky,” said Megan Paulson, Co-Founder and Chief Marketing Officer of Outlaw Partners. “The caliber of John and the Experts Only artists, set against a one-of-a-kind mountain backdrop and the ski lifestyle that defines Big Sky, makes this a weekend fans will not want to miss. It’s a once-in-a-lifetime experience, and we can’t wait to share it.”

“I’ve always wanted to go to Montana and throw an event there as I’ve only heard amazing things,” said John Summit. “Big Sky has been on our radar for a while so it was a no-brainer to bring Experts Only there. You know we’ll go all out as we always do with parties all over the mountain, It’s gonna be a fun one!”

Big Sky is an iconic location, and John Summit has become an icon in his craft. Together they promise a landmark weekend. With no mainstream festivals on John Summit’s 2027 schedule, the Big Sky stop will be a unique opportunity to see him.

Tickets include GA, VIP and VVIP options, and fans are expected to travel from around the country for the weekend. Demand is expected to be high and tickets are expected to sell out, so fans are encouraged to secure them early for the best access.

Early Access presale: Experts Only Big Sky presale tickets on Tuesday, November 10 at 10 a.m. MT.Public on-sale: Tickets go on sale to the general public on Wednesday, November 11 at 10 a.m. MT.

To register for presale ticket access visit – expertsonly.lnk.to/skiweekenders2027. Stay tuned for more event updates and information in the coming months.

About John Summit

John Summit is one of the most in-demand names in global dance music. The superstar DJ, producer, and label owner has amassed over three billion global streams, scored two #1 U.S. dance radio hits, and landed eleven Top 10 tracks on the Billboard Hot Electronic/Dance Songs chart. Known for his explosive live shows, Summit consistently sells out iconic venues worldwide, including New York City’s Madison Square Garden and Los Angeles’ Coliseum.

His global ascent shows no signs of slowing. From his debut Ibiza residency, headlining nine Mondays at [UNVRS], to a hometown headline set at Lollapalooza, he continues to command stages worldwide. Behind the scenes, Summit is a meticulous and thoughtful artist. Formerly a CPA by day and music tutor by night, he now spends long hours in the studio crafting dynamic, emotionally resonant tracks. He has headlined festivals around the world and produced unforgettable events in unique locations — from the hills of Tennessee to snowy takeovers in Vail, Colorado, and Tahoe, Nevada — all under the banner of his label and brand, Experts Only. Founded in pursuit of complete creative freedom, Experts Only is a global movement built on the principle of music without limits — blending house, techno, melodic, and everything in between. Summit’s global hits like “Where You Are” (feat. HAYLA), “Human” (feat. Echoes), and “Go Back” with Sub Focus (feat. Julia Church) reflect that ethos. In September 2026, the Chicago native turned Miami resident brought his groundbreaking Experts Only Festival back to New York for its second edition, drawing 60,000 fans to Randall’s Island for two days of high-octane performances.

He released his debut album Comfort In Chaos in 2024. Exploring themes of vice and virtue, highs and lows, and the duality of the human experience, the album reveals the man behind the icon, pairing Summit’s signature dancefloor energy with raw emotion and introspection. Building on this duality, Summit released his subsequent album CTRL ESCAPE on April 15th – reframing that tension through a new lens: the clash between 9–5 monotony and the electric release of the rave. Sonically and visually tracing Summit’s path from accountant to artist, the project positions music not just as an escape, but as a communal force—where collective euphoria becomes both rebellion and belonging. His impact on dance music has earned him nominations at the Billboard Music Awards, American Music Awards, and iHeartRadio Music Awards. He is now gearing up for his biggest headline run to date, the North American CTRL ESCAPE arena tour, further cementing his status as one of the few dance artists to achieve arena-level success.

About Experts Only

Experts Only is more than a record label—it’s a global movement born from John Summit’s pursuit of total creative freedom. Founded on the ethos of music without limits, Experts Only refuses to be boxed in, embracing a bold, genre-defying sound that spans house, techno, melodic, and everything in between. Since its inception, the label has become a platform for fearless artistry, showcasing standout releases from cutting-edge talents like Mau P, Kaskade, Odd Mob, Layton Giordani, Cassian, Max Styler, and Summit himself.

But Experts Only goes far beyond the studio. It’s reshaping the idea of a live dance-music experience, hosting unforgettable events in unlikely settings—from cave raves tucked in the Tennessee hills to snowy mountain takeovers in Vail, Colorado and Tahoe, Nevada, all the way to the lush jungles of Tulum. The brand has scaled internationally to places like Ibiza and Amsterdam, where few American DJs have made such an impact, and has made its mark on major festivals like Bonnaroo with its own curated stage. Experts Only wrapped its second annual festival on NYC’s Randall’s Island this year, following its 2025 debut and drawing more than 60K fans. The label was also named Label of the Year at the 2025 Powertools Awards on SiriusXM.

At its core, Experts Only is building a tightly connected global community—artists and fans united by a love of dance music that challenges the norm and hits deeper. Every release, every event, and every experience is a testament to the label’s mission: to push boundaries, set trends, and create a world where true creative expression reigns.

About Outlaw Partners

Founded in 2009, Outlaw Partners is an award-winning events, media and marketing company based in Big Sky and Bozeman, Montana. Outlaw is a passport to the Western lifestyle, building connections, creating experiences and inspiring action across its diverse business ecosystem.

Outlaw produces hand-curated events throughout Southwest Montana, including the 12x national event-of-the-year Big Sky PBR (Professional Bull Riding), community rodeos and more. Its seventh annual Wildlands Music, held at the Big Sky Events Arena with 11,166-foot Lone Peak as its backdrop, has grown into one of the region’s signature live music experiences, hosting artists including Carrie Underwood, Dave Matthews, Foo Fighters, Brandi Carlile, Riley Green and Lord Huron, among others.

Outlaw’s award-winning media portfolio, including Mountain Outlaw magazine, Explore Big Sky and Explore Yellowstone, tells the stories of the American West. Through events and media, Outlaw supports community organizations and creates experiences and content that capture the unique spirit of Montana and the greater Yellowstone.

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PG&E Corporation Foundation Awards $327,500 in STEM College Scholarships

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Celebrating National STEM Day on Nov. 8 by Helping Students Pursue STEM Careers

Link to B-roll video and soundbites of STEM recipients

OAKLAND, Calif., Nov. 6, 2026 /PRNewswire/ — The PG&E Corporation Foundation (PG&E Foundation) awarded $327,500 in scholarships to dozens of students pursuing degrees in science, technology, engineering and math (STEM) at colleges and universities across California and Historically Black Colleges and Universities (HBCUs) nationwide.

As communities celebrate National STEM Day on Nov. 8, the PG&E Foundation reaffirms its commitment to building tomorrow’s workforce through investments in STEM education and scholarships.

This year, scholarships in the amounts of $2,500, $5,000 and $10,000 are being granted to 57 students from across Pacific Gas and Electric Company’s (PG&E) service area through the program.

Since 2012, the Better Together STEM Scholarship Program has awarded nearly $8 million to accomplished students. This contribution is funded by PG&E shareholders and is not recovered through customer rates.

By investing in STEM education, the Foundation helps inspire curiosity, creativity, and innovation while empowering students to develop solutions and technologies that can make a positive impact in their hometown communities and beyond.

Scholarship recipients include Quennel Kempe of Fresno and Caden Kelly of Shingle Springs. Both students attend UC Berkeley. Kempe received a $5,000 scholarship and Kelly received a $2,500 scholarship.

“Receiving the PG&E STEM Scholarship shows me that my community believes in me. The financial assistance and encouragement give me the confidence to achieve my goals and make a greater impact in the future,” said Kempe, who is studying computer science. 

“The PG&E STEM Scholarship has given me the freedom to focus fully on my education without the added stress of financial challenges. It also serves as a reminder of the values I want to carry forward, using my education to give back to my community, supporting others and helping make STEM opportunities more accessible for future generations,” said Kelly who is studying electrical engineering.

Scholarships are based on academic achievement, demonstrated participation and leadership in school and community activities, and financial need. Recipients may reapply annually for up to five years.

Watch PG&E’s video series of past STEM scholar recipients.

“We hope these students discover a path in science, technology, engineering, and math that not only leads to new innovations and breakthroughs but also brings them fulfillment and a sense of purpose. We are proud to support them on their journey as they pursue their higher education goals and dreams,” said Carla Peterman, President, PG&E Corporation, and Chair of The PG&E Corporation Foundation Board.

Scholarship recipients must plan to enroll in full-time undergraduate study for the entire 2026-2027 academic year and pursue their first undergraduate degree at an accredited four-year institution in California. HBCU eligibility was recently added after an increasing number of applicants were admitted to historically Black colleges and universities, none of which are in California.

Employees Supporting Local Scholars

In addition to the Better Together STEM Scholarship Program, PG&E’s 11 employee resource groups (ERGs) and three engineering networking groups (ENGs) award scholarships to help offset the cost of higher education. The funds are raised entirely from employee contributions through direct donations, fundraising events and the company’s employee giving program known as Campaign for the Community. Since 1989, more than $6 million ERG/ENG Scholarships has been raised and awarded to thousands of our hometown students.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.

About The PG&E Corporation Foundation
The PG&E Corporation Foundation is an independent 501(c)(3) nonprofit organization, separate from PG&E and sponsored by PG&E Corporation.

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