Duke Energy continues to build a sustainable and smarter energy future:
Modernizing the energy grid. Duke Energy is investing to create a smarter energy grid that will give customers more control over their energy usage, boost customer convenience, increase service reliability, accommodate additional renewable energy and bolster energy system security – both physical and cyber. (See related article: “Grid Improvements Help Keep the Power On.”)
Generating cleaner energy. Duke Energy continues to generate cleaner energy by investing in natural gas-fired power plants, solar and wind energy, and other renewable sources.
Expanding natural gas infrastructure. Natural gas will play a major role in Duke Energy’s cleaner energy future. The company is investing in natural gas-fired power plants, interstate natural gas pipelines, and the retrofitting of coal-fired power plants to also burn natural gas. (See related article: “Natural Gas Plays Key Role in Cleaner Energy Future.”)
Transforming the customer experience. Duke Energy 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. Electric vehicle charging stations are giving customers new transportation fuel options.
Engaging stakeholders. Fortune magazine named Duke Energy to its 2019 “World’s Most Admired Companies” list – an indication that Duke Energy’s many diverse stakeholders recognize and value the company’s significant progress on its future-focused journey. The company continues to work collaboratively with regulators, legislators, environmentalists, consumer advocates and many others on its multiple sustainability and modernization initiatives.
Moving Toward a Cleaner Generation Fleet and Increased Fuel Diversity
1 2005 and 2018 data based on Duke’s ownership share of U.S. generation assets as of December 31, 2018.
2 2018 data excludes 8,519 GWh of purchased renewables, equivalent to approximately 4% of Duke Energy’s output.
3 2030 estimate will be influenced by customer demand for electricity, weather, fuel availability and prices.