How Duke Energy Plans To Power the Carolinas' Energy Growth - Seite 2

Plans call for new hydrogen-capable natural gas plants at Roxboro Steam Plant in Person County, N.C., and Marshall Steam Station in Catawba County, N.C. And the company is advancing development options for new natural gas generation in South Carolina.

No new natural gas would require coal plants to operate longer, and continued use of coal will get more expensive and less reliable over time as regulations increase and coal supplies dwindle. In addition, advanced nuclear and other emerging technologies will not be commercially available until the 2030s.

Siting new generation at existing coal facilities also keeps jobs and investment in areas that depend on it - like Person County, N.C., where Duke Energy has generated power and invested in the people and community for more than 50 years.

With natural gas available to power customers on demand, Duke Energy could add significantly more renewables - intermittent resources that are only available at certain times of the day.

Plans call for thousands of megawatts of zero-carbon solar that will help lower fuel costs for customers, and a lot more battery energy storage, devices that enable energy from renewables, like solar and wind, to be stored and then released when the power is needed most. The ability to capture this energy and purposefully deploy it can increase the value of clean energy.

The company is also considering an expansion of Bad Creek Hydroelectric Station in upstate South Carolina, which produces enough zero-carbon electricity to power more than 1.3 million homes. The pumped-hydro storage facility operates like a massive battery - quickly generating or storing power in response to electricity supply and demand.

Expanding operations at Bad Creek would help Duke Energy meet growing energy needs while providing economic benefits of $7.3 billion to South Carolina from construction and infrastructure activity.

In the meantime, the company is planning ahead for the expected arrival of advanced nuclear a decade from now, further diversifying the energy mix that will help Duke Energy transition out of coal and into cleaner resources.

Also underway: significant improvements to the infrastructure that delivers power to customers to improve reliability, reduce outages, strengthen the grid against severe weather and prepare our system for the future.

"Regardless of the energy mix ultimately approved by state regulators," Bowman said, "these infrastructure upgrades are already benefiting customers today and will continue to improve reliability in the years ahead."

View original content here.

View additional multimedia and more ESG storytelling from Duke Energy on 3blmedia.com.

Contact Info:
Spokesperson: Duke Energy
Website: https://www.3blmedia.com/profiles/duke-energy
Email: [e-mail]

SOURCE: Duke Energy

View the original press release on accesswire.com


The Duke Energy Stock at the time of publication of the news with a fall of -0,66 % to 89,01EUR on Tradegate stock exchange (02. April 2024, 15:00 Uhr).

So handeln Sie das Kursziel

Der Analyst erwartet ein Kursziel von 99,33$, was einem Rückgang von -4,23% zum aktuellen Kurs entspricht. Mit diesen Produkten können Sie die Kurserwartungen des Analysten übertreffen.

 

Morgan Stanley

 

Alle Partner

Übernehmen

Für Ihre Einstellungen haben wir keine weiteren passenden Produkte gefunden.
Bitte verändern Sie Kursziel, Zeitraum oder Emittent.Alternativ können Sie auch unsere Derivate-Suchen verwenden
Knock-Out-Suche | Optionsschein-Suche | Zertifikate-Suche

WerbungDisclaimer