Investing in a Smarter Energy Future in Multiple Ways
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Duke Energy in 2017 continued to invest in a smarter energy future in multiple ways:
Modernizing the energy grid. The company is investing $25 billion between 2017 and 2026 to create a smarter energy grid that will accommodate additional renewable energy and improve system performance in many aspects – customer control and convenience, security, and service reliability. (See related article: “Electric Grid Modernization Continues on Several Fronts.”)
Generating cleaner energy. The company continues to make significant progress in reducing its environmental footprint – reducing carbon dioxide emissions by closing coal-fired power plants and investing $11 billion between 2017 and 2026 in cleaner natural gas-fired power plants, solar energy and other renewable generation sources.
Transforming the customer experience. Duke Energy exists to serve its customers, and the company is working hard to further improve the overall customer experience. New technology is shortening and even eliminating power outages. Smart meters are giving customers new ways to manage and reduce their electricity usage, and save money. New electric vehicle charging stations are giving customers new transportation fuel options.
Engaging stakeholders. Fortune magazine named Duke Energy to its 2018 “World’s Most Admired Companies” list – an indication that Duke Energy’s many diverse stakeholders recognize and value the company’s continued progress on its future-focused journey. The company continues to work collaboratively with regulators, legislators, environmentalists, consumer advocates and many others on its multipronged modernization initiatives.
Moving Toward a Cleaner Generation Fleet and Increased Fuel Diversity
1 2005 and 2017 data based on Duke Energy’s ownership share of generation assets as of Dec. 31, 2017.
2 2030 estimate will be influenced by customer demand for electricity, weather, fuel availability and prices.