Duke Energy continues to build a
sustainable and smarter energy future:
Modernizing the energy grid.
Duke Energy is building a smarter
energy grid that gives customers
more control over their energy usage,
boosts customer convenience,
accommodates additional renewable
energy, increases service reliability
and bolsters energy system
security – both physical and cyber.
(See related article
“Connecting Customers to a Smarter
Generating cleaner energy.
Duke Energy continues
to generate cleaner electricity by investing in natural
gas, solar and wind energy projects – and by
maintaining its existing fleet of carbon-free nuclear
power plants. In 2019, the company announced
a goal of achieving net-zero carbon emissions
from electric generation by 2050. The company
simultaneously announced a near-term goal of cutting
carbon emissions by at least 50 percent or more by
2030, from 2005 levels. In addition to using new
renewable energy facilities to reach those goals, the
company also said it would seek federal approval to
renew the operating licenses of the six carbon-free
nuclear power plants it currently operates for an
additional 20 years. (See related article “Duke Energy’s Path to Net‑Zero Carbon.”)
Expanding natural gas infrastructure.
continues to play a major role in Duke Energy’s
cleaner energy future. Deploying low-cost natural
gas helps speed the transition away from coal,
maintain reliability and balance the intermittent
nature of renewables. The company is investing in
natural gas-fired power plants, an interstate natural
gas pipeline, and the retrofitting of coal-fired power
plants to enable them to also burn lower carbon-emitting
natural gas. (See related article “Natural Gas Enables Cleaner Energy Future.”)
Transforming the customer experience.
is working hard to further improve the customer
experience. New technology is shortening and
sometimes eliminating power outages. Smart
meters are giving customers new ways to manage
and reduce electricity usage, saving them money.
New communications tools are being developed
based on customer input. (See related article “Transforming the Customer Experience
Fortune magazine named
Duke Energy to its 2020 “World’s Most Admired
Companies” list – an indication that Duke Energy’s
many diverse stakeholders value the company’s
commitment to a sustainable future. The company
continues to work collaboratively with regulators,
legislators, environmentalists, consumer advocates
and many others on its multiple sustainability and
modernization initiatives. (See related article “The Value of Our Stakeholders.”)
Moving Toward a Cleaner Generation Fleet and Increased Fuel Diversity
1 2005 and 2019 data based on Duke Energy’s ownership share of U.S.
generation assets as of December 31, 2019.
2 2019 data excludes 9,400 GWh of purchased renewables, equivalent to
approximately 4 percent of Duke Energy’s output.
3 2030 estimate will be influenced by customer demand for electricity, weather,
fuel, purchased power prices, and other factors.