Duke Energy Proposes New Programs to Help Grow South Carolina Economy by Helping Customers use 100% Renewable Energy
Duke Energy has proposed the creation of innovative customer renewable programs and a major expansion of an existing one to allow South Carolina customers the option to supplement their power usage with 100% renewable power – a critical need for many businesses seeking to relocate or expand operations in the Palmetto State. Details were spelled out today…
Duke Energy Outlines Progress on Clean Energy Transition
Duke Energy (NYSE: DUK) today provided an update on its strategy to meet customers’ need for affordable, reliable and increasingly clean energy. The company’s planned investment of $145 billion over the next 10 years for critical energy infrastructure is essential to meeting these customer needs and achieving net-zero carbon emissions by 2050 while also creating substantial economic benefits…
The Built Environment Blunder Causing Significant Carbon Emissions
The U.S. Department of Energy reports that, as of 2021, buildings consume 39.1% of U.S. energy and 75% of electricity,(1) which accounts for 16% of carbon emissions.(2) Creating a comfortable indoor environment by providing adequate light and temperature control uses most of this energy. Buildings that effectively insulate from moisture and wind while allowing fresh…
Duke Energy Unveils Sweeping Clean Energy and Emissions Reduction Plan at Inaugural ESG Day
Duke Energy today announced an extensive expansion of its clean energy and emissions reduction plans to significantly increase the company’s carbon and methane reductions, coal plant retirements and renewable energy generation goals. The sweeping plans were announced at the company’s inaugural environmental, social and governance (ESG) day. The virtual investor event featured Duke Energy’s senior…
U.S. Marine Corps Selects Duke Energy & Ameresco to Implement $41 Million Infrastructure Project at North Carolina Air Station
Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced that Naval Facilities Command Mid-Atlantic (NAVFAC MIDLANT) has awarded to Duke Energy and Ameresco’s Federal Solutions group a $41 million utility energy savings contract (UESC) at the United States Marine Corps Air Station (MCAS) Cherry Point. Under a $38 million contract with Duke, Ameresco…
Duke Energy Renewables closes $109.4 million in a preferred tax equity funding from Goldman Sachs
Duke Energy Renewables, a subsidiary of Duke Energy (NYSE: DUK), today announced the closing of $109.4 million in a preferred tax equity funding from Goldman Sachs’ Alternative Energy Investing Group. The investment will be used over 18 months to fund a diverse portfolio of approximately 75 megawatts of solar and solar plus storage projects, which will be developed and constructed by…
Duke Energy Reaffirms Capital Investments in Renewables and Grid Projects to Deliver Cleaner Energy, Economic Growth
Duke Energy (NYSE: DUK) today said that the company will continue advancing its ambitious clean energy goals without the Atlantic Coast Pipeline (ACP) by investing in renewables, battery storage, energy efficiency programs and grid projects. Duke Energy’s $56 billion capital investment plan will deliver significant customer benefits and create jobs at a time when policymakers at all…
Dominion Energy and Duke Energy Cancel the Atlantic Coast Pipeline
Dominion Energy (NYSE: D) and Duke Energy (NYSE: DUK) today announced the cancelation of the Atlantic Coast Pipeline (“ACP”) due to ongoing delays and increasing cost uncertainty which threaten the economic viability of the project. Despite last month’s overwhelming 7-2 victory at the United States Supreme Court, which vindicated the project and decisions made by permitting agencies,…
Duke Energy Foundation Invests $200,000 in EDPNC
The Duke Energy Foundation has invested $200,000 to support the work of the Economic Development Partnership of North Carolina in 2020, a year when both organizations are prioritizing helping the state recover from COVID-19. “Duke Energy’s investment in our work couldn’t be more timely, more needed, or more appreciated,” said Christopher Chung, chief executive officer…
Bank of America Taps Duke Energy To Expand Renewable Energy Commitment
Bank of America announced today it is partnering with Duke Energy to further expand its renewable energy commitment by powering its headquarters and other Charlotte operations with solar energy. Through a renewable energy sleeved-power purchase agreement (PPA), the company is participating in Duke Energy’s Green Source Advantage (GSA) program. The bank is the first company and financial…