Correction: Coal Ash-Duke Energy story

December 8, 2016 | 207 views

In a story Dec. 7 about Duke Energy weighing compensation for neighbors living near coal ash pits, The Associated Press reported erroneously that the compensation costs will be passed along to power consumers. Costs will be borne by shareholders. A headline reported erroneously that Duke Energy was negotiating compensation. The company is internally considering compensation offers.

Spotlight

Terrestrial Energy

Terrestrial Energy is developing an Advanced Reactor based on its Integral Molten Salt Reactor technology. The IMSR represents true innovation in safety, cost and functionality. It will offer safe and reliable power solutions for electricity production and energy for industrial process heat generation. These together extend the applicability of nuclear energy far beyond its current footprint. With this profile, the IMSR® is capable of driving the rapid global decarbonization of the primary energy system by displacing fossil fuel combustion across a broad front.

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ENERGY

A vision for renewable energy

Article | July 15, 2022

Right now, renewable energy makes up a very small part of the entire energy sector of Bangladesh. But as we move into the future, and concerns about the environment become too great to ignore, exploring cleaner and greener sources of energy becomes the need of the hour. Our economy is booming, and our population is growing, so it goes without saying that our energy requirements are immense. There is plenty of scientific evidence that burning fossil fuels indiscriminately is not sustainable in the long term, so we do need to up our game in looking at alternatives.

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ENERGY, INDUSTRY UPDATES

2020: The Year of Convergence in Corporate Renewables

Article | July 29, 2022

The rapid growth of corporate renewable procurement has been nothing short of a buyer-driven revolution in the United States’ electric sector. Almost 20 gigawatts (GWs) of corporate power purchasing agreements (PPAs) were completed in 2019 across the globe, up from 13 GWs of corporate PPAs in 2018 and triple the numbers from 2017.1,2 And the majority of this growth has come from the United States. Fortunately for those of us committed to renewable energy, we expect this trend to continue. But as should be expected in such a dynamic, buyer-driven sector, we are starting to see some noticeable shifts in the marketplace as it evolves and grows. I wanted to highlight some of the trends Constellation is watching for this year.

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SOLAR+STORAGE

2020 Trends That Will Make Waves In The Energy Industry

Article | June 8, 2022

In the renewable world, energy is generated by weather and the amount of energy that can be produced depends on the current conditions. Energy storage can ensure a power supply is maintained when weather conditions are not optimal for generating energy. While energy storage products have already been introduced to all levels of the market there are several technology hurdles to overcome before energy storage will reach maximum potential. We believe there will be great advancements in 2020 on:

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Solar Power, Great For The Environment? Or Is It The Last Thing We Need?

Article | February 10, 2020

Solar power is an undeniably a green, renewable form of electricity generation - but many organisations with questionable motives (even here in New Zealand) are trying to persuade the public (and Government – hi lobbyists!) that solar power isn’t that environmentally friendly, and that it's even harmful. At the expense of bullish corporate profits, solar power is often thrown under the bus. This article lists the facts - putting an end to the negative spin on solar so often found in the media. When solar panels produce power, they do not; create any air pollution, use zero water, create carbon emissions, noise pollution, and they won’t disturb surrounding ecosystems. Solar power is a renewable energy source, the sun’s rays are infinite, fill your boots.

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Spotlight

Terrestrial Energy

Terrestrial Energy is developing an Advanced Reactor based on its Integral Molten Salt Reactor technology. The IMSR represents true innovation in safety, cost and functionality. It will offer safe and reliable power solutions for electricity production and energy for industrial process heat generation. These together extend the applicability of nuclear energy far beyond its current footprint. With this profile, the IMSR® is capable of driving the rapid global decarbonization of the primary energy system by displacing fossil fuel combustion across a broad front.

Related News

ENERGY

Duke Energy Sustainable Solutions announces its first wind energy project in Iowa - 207-MW Ledyard Windpower

Duke Energy | September 22, 2021

Duke Energy Sustainable Solutions,* a nonregulated commercial brand of Duke Energy , today announced the construction of the 207-megawatt (MW) Ledyard Windpower project in Kossuth County, Iowa. This will be the company's first renewable energy project in the state. To support Verizon's net-zero goals, it has entered into a 15-year virtual power purchase agreement (VPPA) for 180 MW of the wind energy generated by Ledyard Windpower. We're excited to enter into the Iowa market, a state that has valuable wind resources and is ranked second in wind energy generation. Ledyard Windpower will not only add cleaner energy and economic value to Kossuth County, but it will also contribute to Duke Energy's goal of reaching 47,000 MW of renewable energy by 2050. Chris Fallon, president of Duke Energy Sustainable Solutions Once in operation, the Ledyard Windpower project will increase Duke Energy Sustainable Solutions' U.S. wind capacity to over 3,100 MW. The site will provide enough renewable energy to power the equivalent of more than 72,450 U.S. homes. Along with indirect economic benefits that accompany wind project development, such as increased local spending in the service and construction industries, Ledyard Windpower, which is slated to be complete at the end of 2022, will create approximately 200 jobs during peak construction. Additionally, the 12,000 acre agriculture site, which will continue to be used by farmers, will have a positive economic impact on the local community by providing significant local tax revenues during assessment years of commercial operation to the county and local school districts, as well as meaningful payments to participating landowners. Ledyard Windpower was co-developed by Duke Energy Sustainable Solutions and Amshore Renewable Energy. Full mobilization of construction for the project began in August 2021 by Wanzek Construction. Vestas will supply 46 Vestas V150 4.5-MW turbines for the project and Duke Energy Sustainable Solutions will perform the site's long-term maintenance and operations. As one of the nation's top renewable energy providers, this year Duke Energy reached more than 10,000 MW of solar and wind energy, and the company has set a goal of reaching 16,000 MW of renewables by 2025 and 47,000 MW by 2050. About Duke Energy Sustainable Solutions Duke Energy Sustainable Solutions is a nonregulated commercial brand of Duke Energy (NYSE: DUK) – a Fortune 150 company and one of the largest energy holding companies in the U.S. – headquartered in Charlotte, N.C. Duke Energy Sustainable Solutions is a leader in sustainable energy, helping large enterprises reduce power costs, lower emissions, and increase resiliency. The team provides wind, solar, resilient backup power, and managed energy services to over 1,000 projects across the U.S., with a total electric capacity of more than 5,100 megawatts of nonregulated renewable energy.

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ENERGY

Duke Energy Begins Construction on the Maryneal Windpower Project

Duke Energy | July 29, 2021

Duke Energy Sustainable Solutions has begun construction on the 182-megawatt (MW) Maryneal Windpower project in Nolan County, Texas, bringing the company's domestic wind capacity to more than 3,000 MW. The arena would generate enough renewable energy to power over 54,000 households. Sprint, now part of T-Mobile, committed to a 12-year virtual power purchase agreement (VPPA) for the 173.3 MW project's wind production two years ago. “Wind projects like Maryneal assist to build a cleaner, stronger economy and a more diversified energy infrastructure in Texas,” said Chris Fallon, president of Duke Energy Sustainable Solutions. “We are thrilled to collaborate with T-Mobile to create employment, improve the local economy, and produce clean energy, all while assisting them in meeting their renewable energy goal.” The project is anticipated to significantly decrease T-carbon Mobile's footprint and match roughly 9% of T-energy Mobile's usage. “Projects like Maryneal Windpower play a huge role in T-commitments Mobile's to fight climate change and bring us another step closer to our goal of using 100 percent renewable energy by the end of 2021 – even after our merger with Sprint in 2020 nearly doubled our company footprint,” said Brigitta Witt, T-Mobile vice president of Social Impact and Sustainability. “By collaborating with businesses like Duke Energy, we are able to have a beneficial effect not just on the environment but also on the local community — it's a win-win situation for everyone.”

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SOLAR+STORAGE

Duke Energy has Begun Working on the World's Largest Solar Plant in Surry County, North Carolina

Duke Energy | June 23, 2021

Duke Energy is continuing to grow solar power in North Carolina, with the commencement of construction on its 22.6-megawatt (MW) Stony Knoll Solar power plant. It will be the biggest solar energy facility in Surry County when finished. Duke Energy Sustainable Solutions will own and operate the project. The project was chosen as part of the competitive bidding procedure created by North Carolina's solar law in 2017. Trina Solar bifacial modules with single-axis tracking will be used in the solar project, which will have 76,600 of them. The facility will be built on 195 acres in Dobson, North Carolina, along Rockford Road. The facility will provide enough energy to power 5,000 households. It plans to go commercial before the end of 2021. "Duke Energy is increasing the amount of carbon-free, sustainable power available to North Carolina consumers. We're excited to add Surry County to our ever-expanding list of solar areas as we endeavor to drastically cut carbon emissions on our way to net-zero emissions by 2050 "stated Stephen De May, president of Duke Energy, North Carolina. Proposed projects must be built where there is a need for energy capacity on the Duke Energy system in North Carolina or South Carolina under North Carolina's Competitive Procurement for Renewable Energy. Bids may be submitted by any company, including Duke Energy, and may take the form of power purchase agreements (PPA), utility self-developed facilities, or utility asset acquisitions. "We are excited to continue to expand the state's renewable energy resources. The Stony Knoll solar project is the third facility we've unveiled in North Carolina this year, demonstrating our continued effort to boosting sustainable energy generation in the state "Duke Energy Sustainable Solutions president Chris Fallon stated. Stony Knoll Solar will employ around 70 people during peak construction. Along with the indirect economic benefits that come with solar project development, also including increased local spending in the service and construction industries, Stony Knoll Solar would also have a strong economic impact on the local community by providing local tax revenues to both the county and regional school districts, as well as constructive payments to participating landholders. Through the work of the Duke Energy Foundation, Duke Energy Sustainable Solutions also helps the communities in which its facilities and team members are located. The firm gave $10,000 to Copeland Elementary School in Dobson in January to help support the purchase of Chromebooks for pupils. Swinerton Renewable Energy will design the facility, purchase inverters, balance of plant systems, and build the project. Stony Knoll's electricity will be provided under a 20-year power purchase contract with Duke Energy Carolinas. Duke Electricity maintains more than 3,700 MW of solar power on its North Carolina energy system, enough to power about 700,000 homes and businesses at peak production. Throughout addition, the firm runs around 40 solar plants in the state. North Carolina now ranks third in the US in terms of overall solar power. More over half of North Carolina's energy mix is carbon-free, thanks to nuclear, hydro, and renewable energy. Duke Energy, one of the nation's leading renewable energy suppliers, intends to increase its enterprisewide renewables portfolio from 8 gigawatts (GW) to 16 GW by the end of the year 2025. About Duke Energy Sustainalbe Solutions: Duke Energy Sustainable Solutions is a nonregulated commercial firm of Duke Energy (NYSE: DUK), a Fortune 150 corporation located in Charlotte, North Carolina, and one of the largest energy holding companies in the United States. Duke Energy Sustainable Solutions is a pioneer in sustainable energy, assisting big corporations in lowering electricity costs, lowering emissions, and increasing resiliency. The team delivers wind, solar, resilient backup power, and managed energy services to over 1,000 projects throughout the United States, with a cumulative nonregulated renewable energy capacity of far more than 5,100 megawatts. Duke Energy is implementing an aggressive clean energy plan to build a better energy future for its customers and communities, with targets of at least a 50% decrease in carbon emissions by 2030 and net-zero emissions by 2050. The firm is a leading provider of renewable energy in the United States, with plans to operate or buy 16,000 megawatts of renewable energy capacity by 2025. The Duke Energy News Center includes press releases, info sheets, pictures, videos, and other media. Duke Energy's lighting tells tales about individuals, innovations, neighbourhood challenges, and environmental concerns.

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ENERGY

Duke Energy Sustainable Solutions announces its first wind energy project in Iowa - 207-MW Ledyard Windpower

Duke Energy | September 22, 2021

Duke Energy Sustainable Solutions,* a nonregulated commercial brand of Duke Energy , today announced the construction of the 207-megawatt (MW) Ledyard Windpower project in Kossuth County, Iowa. This will be the company's first renewable energy project in the state. To support Verizon's net-zero goals, it has entered into a 15-year virtual power purchase agreement (VPPA) for 180 MW of the wind energy generated by Ledyard Windpower. We're excited to enter into the Iowa market, a state that has valuable wind resources and is ranked second in wind energy generation. Ledyard Windpower will not only add cleaner energy and economic value to Kossuth County, but it will also contribute to Duke Energy's goal of reaching 47,000 MW of renewable energy by 2050. Chris Fallon, president of Duke Energy Sustainable Solutions Once in operation, the Ledyard Windpower project will increase Duke Energy Sustainable Solutions' U.S. wind capacity to over 3,100 MW. The site will provide enough renewable energy to power the equivalent of more than 72,450 U.S. homes. Along with indirect economic benefits that accompany wind project development, such as increased local spending in the service and construction industries, Ledyard Windpower, which is slated to be complete at the end of 2022, will create approximately 200 jobs during peak construction. Additionally, the 12,000 acre agriculture site, which will continue to be used by farmers, will have a positive economic impact on the local community by providing significant local tax revenues during assessment years of commercial operation to the county and local school districts, as well as meaningful payments to participating landowners. Ledyard Windpower was co-developed by Duke Energy Sustainable Solutions and Amshore Renewable Energy. Full mobilization of construction for the project began in August 2021 by Wanzek Construction. Vestas will supply 46 Vestas V150 4.5-MW turbines for the project and Duke Energy Sustainable Solutions will perform the site's long-term maintenance and operations. As one of the nation's top renewable energy providers, this year Duke Energy reached more than 10,000 MW of solar and wind energy, and the company has set a goal of reaching 16,000 MW of renewables by 2025 and 47,000 MW by 2050. About Duke Energy Sustainable Solutions Duke Energy Sustainable Solutions is a nonregulated commercial brand of Duke Energy (NYSE: DUK) – a Fortune 150 company and one of the largest energy holding companies in the U.S. – headquartered in Charlotte, N.C. Duke Energy Sustainable Solutions is a leader in sustainable energy, helping large enterprises reduce power costs, lower emissions, and increase resiliency. The team provides wind, solar, resilient backup power, and managed energy services to over 1,000 projects across the U.S., with a total electric capacity of more than 5,100 megawatts of nonregulated renewable energy.

Read More

ENERGY

Duke Energy Begins Construction on the Maryneal Windpower Project

Duke Energy | July 29, 2021

Duke Energy Sustainable Solutions has begun construction on the 182-megawatt (MW) Maryneal Windpower project in Nolan County, Texas, bringing the company's domestic wind capacity to more than 3,000 MW. The arena would generate enough renewable energy to power over 54,000 households. Sprint, now part of T-Mobile, committed to a 12-year virtual power purchase agreement (VPPA) for the 173.3 MW project's wind production two years ago. “Wind projects like Maryneal assist to build a cleaner, stronger economy and a more diversified energy infrastructure in Texas,” said Chris Fallon, president of Duke Energy Sustainable Solutions. “We are thrilled to collaborate with T-Mobile to create employment, improve the local economy, and produce clean energy, all while assisting them in meeting their renewable energy goal.” The project is anticipated to significantly decrease T-carbon Mobile's footprint and match roughly 9% of T-energy Mobile's usage. “Projects like Maryneal Windpower play a huge role in T-commitments Mobile's to fight climate change and bring us another step closer to our goal of using 100 percent renewable energy by the end of 2021 – even after our merger with Sprint in 2020 nearly doubled our company footprint,” said Brigitta Witt, T-Mobile vice president of Social Impact and Sustainability. “By collaborating with businesses like Duke Energy, we are able to have a beneficial effect not just on the environment but also on the local community — it's a win-win situation for everyone.”

Read More

SOLAR+STORAGE

Duke Energy has Begun Working on the World's Largest Solar Plant in Surry County, North Carolina

Duke Energy | June 23, 2021

Duke Energy is continuing to grow solar power in North Carolina, with the commencement of construction on its 22.6-megawatt (MW) Stony Knoll Solar power plant. It will be the biggest solar energy facility in Surry County when finished. Duke Energy Sustainable Solutions will own and operate the project. The project was chosen as part of the competitive bidding procedure created by North Carolina's solar law in 2017. Trina Solar bifacial modules with single-axis tracking will be used in the solar project, which will have 76,600 of them. The facility will be built on 195 acres in Dobson, North Carolina, along Rockford Road. The facility will provide enough energy to power 5,000 households. It plans to go commercial before the end of 2021. "Duke Energy is increasing the amount of carbon-free, sustainable power available to North Carolina consumers. We're excited to add Surry County to our ever-expanding list of solar areas as we endeavor to drastically cut carbon emissions on our way to net-zero emissions by 2050 "stated Stephen De May, president of Duke Energy, North Carolina. Proposed projects must be built where there is a need for energy capacity on the Duke Energy system in North Carolina or South Carolina under North Carolina's Competitive Procurement for Renewable Energy. Bids may be submitted by any company, including Duke Energy, and may take the form of power purchase agreements (PPA), utility self-developed facilities, or utility asset acquisitions. "We are excited to continue to expand the state's renewable energy resources. The Stony Knoll solar project is the third facility we've unveiled in North Carolina this year, demonstrating our continued effort to boosting sustainable energy generation in the state "Duke Energy Sustainable Solutions president Chris Fallon stated. Stony Knoll Solar will employ around 70 people during peak construction. Along with the indirect economic benefits that come with solar project development, also including increased local spending in the service and construction industries, Stony Knoll Solar would also have a strong economic impact on the local community by providing local tax revenues to both the county and regional school districts, as well as constructive payments to participating landholders. Through the work of the Duke Energy Foundation, Duke Energy Sustainable Solutions also helps the communities in which its facilities and team members are located. The firm gave $10,000 to Copeland Elementary School in Dobson in January to help support the purchase of Chromebooks for pupils. Swinerton Renewable Energy will design the facility, purchase inverters, balance of plant systems, and build the project. Stony Knoll's electricity will be provided under a 20-year power purchase contract with Duke Energy Carolinas. Duke Electricity maintains more than 3,700 MW of solar power on its North Carolina energy system, enough to power about 700,000 homes and businesses at peak production. Throughout addition, the firm runs around 40 solar plants in the state. North Carolina now ranks third in the US in terms of overall solar power. More over half of North Carolina's energy mix is carbon-free, thanks to nuclear, hydro, and renewable energy. Duke Energy, one of the nation's leading renewable energy suppliers, intends to increase its enterprisewide renewables portfolio from 8 gigawatts (GW) to 16 GW by the end of the year 2025. About Duke Energy Sustainalbe Solutions: Duke Energy Sustainable Solutions is a nonregulated commercial firm of Duke Energy (NYSE: DUK), a Fortune 150 corporation located in Charlotte, North Carolina, and one of the largest energy holding companies in the United States. Duke Energy Sustainable Solutions is a pioneer in sustainable energy, assisting big corporations in lowering electricity costs, lowering emissions, and increasing resiliency. The team delivers wind, solar, resilient backup power, and managed energy services to over 1,000 projects throughout the United States, with a cumulative nonregulated renewable energy capacity of far more than 5,100 megawatts. Duke Energy is implementing an aggressive clean energy plan to build a better energy future for its customers and communities, with targets of at least a 50% decrease in carbon emissions by 2030 and net-zero emissions by 2050. The firm is a leading provider of renewable energy in the United States, with plans to operate or buy 16,000 megawatts of renewable energy capacity by 2025. The Duke Energy News Center includes press releases, info sheets, pictures, videos, and other media. Duke Energy's lighting tells tales about individuals, innovations, neighbourhood challenges, and environmental concerns.

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