Duke Energy

Small modular reactors (SMRs) are widely considered the best technology to increase the use of nuclear power worldwide, with advocates touting their zero-emission production of electricity, smaller land footprint, and scalability. SMRs also offer a cost savings over construction of new utility-scale nuclear reactors. Powering a college campus with nuclear energy has increasingly been a […]

Duke Energy Florida Will Use Itron’s DER Optimizer Solution to Monitor Residential EV Charging LIBERTY LAKE, Wash. — March 22, 2022 — Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, and Duke Energy Florida, which supplies electrical services to 1.9 million customers throughout Florida, are collaborating to […]

Duke Energy, the nation’s largest power producer, will dramatically slash coal generation’s share from the current 22% of total generation to 5% by 2030 and achieve a full phaseout of unabated coal by 2035. The company instead expects to deploy more than $130 billion over the next decade—$63 billion of which it will spend over […]

DES PLAINES, Ill., Oct. 26, 2021 – Honeywell today announced a new flow battery technology that works with renewable generation sources such as wind and solar to meet the demand for sustainable energy storage. The new flow battery uses a safe, non-flammable electrolyte that converts chemical energy to electricity to store energy for later use […]

Duke Energy has kicked off an effort to renew the operating licenses of all its 11 nuclear reactors for 20 more years, starting with Oconee Nuclear Station, its largest nuclear plant. The utility on June 21 filed an application with the U.S. Nuclear Regulatory Commission (NRC) for a subsequent license renewal (SLR) for the three-unit 2.5-GW […]

CHARLOTTE, N.C. (May 26, 2021) – Expanding its rapidly growing clean-energy portfolio, Duke Energy has begun construction on the 22.6-MW Speedway Solar power plant in Cabarrus County. The project will be owned and operated by Duke Energy Sustainable Solutions, a new commercial brand that includes Duke Energy Renewables. The project was selected as part of […]

CHARLOTTE, N.C. (April 8, 2021) – Wells Fargo has become the latest large energy user to execute a renewable power agreement under Duke Energy’s Green Source Advantage (GSA) program – building on the solar expansion in North Carolina. Wells Fargo will purchase more than 58 megawatts (MW) of solar capacity from the Blackburn Solar project, […]

In a milestone settlement that could resolve Duke Energy’s “last remaining major issues” on coal ash management in North Carolina, the utility has agreed to absorb $1.1 billion in cleanup costs anticipated between 2015 and 2030.  The proposed settlement, which Duke Energy filed with the North Carolina Utilities Commission (NCUC) on Jan. 25, is a […]

DEC. 10, 2020 — Siemens Energy, Duke Energy and Clemson University have teamed up to study the use of hydrogen for energy storage and as a low- or no-carbon fuel source to produce energy at Duke Energy’s combined heat and power plant located at Clemson University in South Carolina. The U.S. Department of Energy announced […]

Doubling down on its net-zero efforts, Duke Energy will retire all coal-only units in the Carolinas, multiply its renewable portfolio, and cease emitting methane in its natural gas business by 2030.  The company made the announcements on Oct. 12 at its first environmental, social and governance (ESG) day, a virtual event geared toward its investors. […]