BATTERIES GET A CHARGE IN INDIANA
Developing the capacity to store electricity will play an important role in the future integration of distributed resources, like wind and solar generation. Duke Energy has projects around the country that are helping us understand the capabilities storage can bring to the system. For example, the company is partnering with the Battery Innovation Center in Southern Indiana and funding $1.5 million in research to study how battery storage can work with intermittent resources like solar and wind. In addition to the research, two Indiana schools – Bloomington High School South in Bloomington and Northwestern School Corporation in Kokomo – will serve as test sites in 2016, incorporating battery technology with their own renewable energy sources.
- Increased our 2020 corporate goal for renewables generation capacity by one-third.
- Duke Energy Renewables brought 10 solar projects on line, totaling about 200 MW, and added 400 MW to its wind portfolio.
- Acquired REC solar, a provider of rooftop and ground-mounted solar systems for commercial-scale customers.
- Announced the purchase of Piedmont Natural Gas, which will triple the number of natural gas customers we serve.
- Invested in the Sabal Trail pipeline to help meet growing demand for natural gas in the southeast U.S.
Challenges and Opportunities
- Meet our target growth rate of 4 to 6 percent in the face of stagnant load growth.
- Take advantage of new technologies and customer expectations to find new ways to grow our business.