EQT Corporation, led by CEO Toby Rice, is establishing a new nonprofit dedicated to expanding access to modern energy infrastructure in underserved regions worldwide. This initiative directly tackles the critical issue of energy poverty, where billions lack reliable electricity and clean cooking solutions. The move signals a significant shift for EQT, a major fossil fuel producer, towards addressing a fundamental development challenge. EQT's nonprofit aims to deploy sustainable energy solutions in areas lacking grid access, focusing on both immediate relief and long-term infrastructure development.