Developer

Duke Energy Corp.

www.duke-energy.com

Total capacity of implemented projects

1 - 5 GW

Countries of projects presence

1

Duke Energy Corp. is a leading American electric power holding company that operates in the Integrated Electric Utilities sector. The company, founded in 1904, is headquartered in Charlotte, North Carolina, and serves over 7.7 million customers across six states in the Southeast and Midwest regions of the United States. Duke Energy is one of the largest electric power companies in the country, with a generating capacity of 51,000 megawatts (MW) and a transmission network spanning 300,000 miles.

Duke Energy's primary business is generating and distributing electricity to residential, commercial, and industrial customers. The company operates a diverse portfolio of power plants, including nuclear, coal-fired, natural gas, and renewable energy facilities. Duke Energy's nuclear fleet includes 11 reactors across six sites, with a total capacity of 11,000 MW. The company's coal-fired power plants have a capacity of 17,000 MW, while its natural gas plants have a capacity of 8,000 MW. In recent years, Duke Energy has been investing heavily in renewable energy, with a goal of achieving net-zero carbon emissions by 2050. The company's renewable energy portfolio includes wind, solar, and hydroelectric power plants, with a total capacity of 3,000 MW.

Duke Energy's operations are divided into three business segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity to customers in the Carolinas, Florida, Indiana, Ohio, and Kentucky. This segment also includes Duke Energy's regulated electric transmission and distribution operations, which are subject to oversight by state and federal regulators. The Gas Utilities and Infrastructure segment distributes natural gas to customers in the Carolinas, Ohio, Kentucky, and Tennessee. This segment also includes Duke Energy's natural gas transmission and storage operations. The Commercial Renewables segment develops, constructs, and operates wind and solar power projects across the United States.

Duke Energy is committed to sustainability and has set ambitious goals to reduce its carbon footprint and promote clean energy. In 2019, the company announced a goal of achieving net-zero carbon emissions by 2050, which includes a 50% reduction in carbon emissions by 2030. To achieve this goal, Duke Energy is investing in renewable energy, energy efficiency, and advanced technologies such as battery storage and electric vehicles. The company is also working to reduce its reliance on coal-fired power plants, with plans to retire all of its coal-fired units by 2050.

Duke Energy is also committed to being a responsible corporate citizen and has a strong track record of supporting the communities it serves. The company has a dedicated philanthropic arm, the Duke Energy Foundation, which supports initiatives in education, economic development, and the environment. In 2020, the foundation donated over $30 million to organizations across its service area. Duke Energy also has a robust employee volunteer program, with employees donating over 100,000 hours of service to their communities each year.

In conclusion, Duke Energy Corp. is a leading American electric power holding company that operates in the Integrated Electric Utilities sector. The company has a diverse portfolio of power plants, including nuclear, coal-fired, natural gas, and renewable energy facilities. Duke Energy is committed to sustainability and has set ambitious goals to reduce its carbon footprint and promote clean energy. The company is also committed to being a responsible corporate citizen and has a strong track record of supporting the communities it serves.