Duke Energy Proposes $76 Million for Electric Vehicle Infrastructure in North Carolina

April 9, 2019 | 109 views

Duke Energy has asked the North Carolina Utility Commission to approve a $76 million electric vehicle pilot program, which would dramatically increase the number of charging stations in North Carolina. On March 29, Duke Energy Carolinas (DEC) and Duke Energy Progress (DEP) announced a filing with the North Carolina Utility Commission for the largest Electric Vehicle (EV) Pilot in the region, which would invest $76 million dollars in electric vehicle charging infrastructure.

Spotlight

Colorado Solar and Storage Association (COSSA)

Established in 1989, the Colorado Solar and Storage Association [formerly the Colorado Solar Energy Industries Association (COSEIA)] is the award-winning nonprofit association leading Colorado’s solar and storage industries. Our mission is to expand solar and storage markets and to generate jobs and prosperity for the people of Colorado.

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Slashing Greenhouse Gas Emissions: A Business Perspective!

Article | July 15, 2022

“With Great Power Comes Great Responsibility” – Voltaire (François-Marie Arouet) We, humans, had completely buried this quote until it was brought back to life recently. Business leaders should remember this quote as it perfectly fits into the environmental-business perspective that we are presently facing. If the world has to tackle the problem of climate change or come even close to achieving that goal, businesses and industries will have to play a key role. Almost a quarter, or 23% to be precise, of greenhouse gas emissions in the United States, come directly from industries. This number rises to 29.6% if we combine indirect emissions too. When looking for causes of climate change, the private sector is often linked to. Minimizing your carbon footprint appears to be the year's buzzword, but where can businesses begin with such an ambiguous task? How do we assess progress? Peter Drucker wrote the premise of an answer back in 1954: "What gets measured, gets managed." If a business really wants to become more sustainable, the first step should be to try to understand its current situation and begin tracking its carbon emissions. Measuring carbon emissions is a difficult problem. Major businesses that do not have carbon monitoring and reduction programs have become the exception. Recognizing and measuring CO2 emissions aids in the identification of excessive energy consumption and other inefficiencies. Most of the time, lowering greenhouse gas emissions goes hand in hand with making a business's processes more efficient and cost-effective. Reducing Greenhouse Gas Emissions: What Do Businesses Gain? In addition to the long-term environmental benefits that will help us in saving our planet, organizations can also benefit from the positive impacts of greenhouse gas emission reduction. Some of the top benefits of effective emission management are as follows. Cost Saving When it comes to cost reductions, simply minimizing your energy consumption reduces both your organization's carbon footprint and its operating expenses. According to a 2016 Energy Star report, the owner of Kimberly-Clark Berkley Mill invested $350,000, which generated yearly savings of $160,000 and a rapid return on investment (ROI) of just over one and a half years when LED lighting was installed to replace the fluorescent and HID lighting that was traditionally used. Regulatory Compliance With a 20-fold rise in global climate change regulations since 1997, securing proactive regulatory compliance is much more important than ever in the minds of corporate leadership, public spheres, and stakeholders – and it's only becoming more important. Adopting an effective greenhouse gas emission reduction program, as well as tracking and reporting on progress, is essential for businesses to adopt in order to maintain operations and avoid penalties. Improved External Relations Consumer spending power has an enormous impact on the process of shaping organizational action. In the eyes of the public, the process of committing to responsibility in the domains of broader sustainability and greenhouse gas emissions reduction is a significant credibility boost. When your company takes proactive steps to reduce carbon dioxide and greenhouse gas emissions, the resulting increase in the quality and depth of relationships with potential partners and external business connections is priceless. Enhanced Stakeholder Relationships Along with a stronger relationship with the audience, the influence of transparent sustainability indicators and performance has the potential to strengthen crucial relationships with stakeholders. More investors than ever are shifting capital away from carbon-heavy, secretive businesses and toward companies that have decided to be open, proactive, and honest regarding their greenhouse gas emissions management within the sustainability world and beyond. Emission Sources Defined in Business Operations Within a business's operation chain, emission sources are classified into three categories. These scopes are established so that businesses can trace the source of their greenhouse gas emissions and modify their operations to minimize their carbon footprint. Emission scope is defined as follows: Scope 1 Emission Scope 1 emissions are directly caused by business operations. Organizations with fossil fuel-burning vehicle fleets, for example, are directly liable for carbon emissions by burning those fossil fuels. Scope 2 Emission Scope 2 emissions are caused by an organization purchasing energy (e.g., electricity, heat, or air conditioning) produced by a process that emits greenhouse gases. A scope 2 emission is, for example, electricity generated by burning coal that a business later purchases. Because the company consumes this energy, they must record the emissions generated when it was generated. Scope 3 Emissions Scope 3 emissions are not caused by a company's direct activities. Other entities in a company's value chain are responsible for these emissions. Scope 3 emissions for one organization could be scope 1 and 2 emissions for another. A company that manufactures products, for example, would have scope 3 emissions from a company that eventually disposes of those items. Scope 3 is responsible for most of a company's emissions, accounting for 65% to 95% of a company's carbon footprint. Currently, reporting scope 3 emissions is optional for businesses. Organizations must, however, start tracking their scope 3 emissions since this is where tremendous reductions in carbon emissions can occur. How Are Large Enterprises Measuring and Reducing Their Carbon Footprints? Larger enterprises, like Apple and ExxonMobil, have begun to provide scope 3 emissions data. Other companies are collaborating with their supply chain to build collaborative initiatives among companies to report these emissions. Businesses have begun to cooperate even outside of supply chains. Competitors in the same industry have started to form partnerships to solve the issue of measuring their carbon footprints. Because these organizations often share manufacturers and suppliers, they have decided to deal with the issue together. Other businesses manage environmental sustainability in a different manner.Enterprises in the agriculture industry have pledged to reduce greenhouse gas emissions, recycle, and provide resources and information to smaller agricultural organizations wanting to go green.Many of the world’s leading auto manufacturers help by producing vehicles that are more environmentally friendly and have the better fuel economy. Others are creating alternative-fuel cars or investing in sustainable energy projects. The major retailers, manufacturers, and software companies have all made efforts to reduce their carbon footprint in different ways. Many multinational enterprises are adopting more sustainable business practices, such as using renewable energy and recycled materials in product manufacturing. How Can Small Businesses Seek Help Measuring Their Carbon Footprints? For the time being, many small businesses are finding it difficult to gather data on all these emissions that are beyond their control. According to the BBC, only 10% of more than 1,000 organizations surveyed in the United Kingdom keep track of their carbon footprint. Moreover, one in every five companies does not understand what the term "net-zero" means and a third really hasn't sought any help to make their company more sustainable. Exploring available information on measuring emissions data is the best approach for small businesses to understand more about the ways they can reduce their carbon footprint. The EPA Center for Corporate Climate Leadership includes a wealth of resources to assist small business owners in measuring and reporting their emissions. Business owners can learn how to establish a greenhouse gas inventory, measure their emissions, collaborate with sustainable suppliers, and gather data to develop sustainable solutions. Small businesses can also utilize a carbon footprint calculator to determine the quantity of emissions generated by their activities. Once company owners realize how much carbon they are emitting, they can start to tackle where it is coming from and make the necessary modifications. The most important thing that business owners can do is to always look for ways to improve their business's sustainability. Additional information will be made available to help company owners as they seek guidance on how to minimize their carbon footprint. Best Practices for Companies to Achieve Net Zero and Stay Profitable Transitioning to net zero is such a demanding task that many businesses believe it is impossible to do while retaining profit margins. As a result, many businesses concentrate on low-hanging fruit and short-term alternatives, like offloading emissions onto others by divesting from high-carbon-emitting companies. Businesses, on the other hand, can start by creating a greenhouse gas inventory to monitor their carbon emissions. Here are just a few of the many ways we found that could help your business. Cut Emissions Across the Whole Value Chain For most businesses, the majority of emissions and the possibilities for climate action lie in "scope 3 assets". These aren't owned or managed by the reporting company, but they add to the business's value chain indirectly. Businesses must take action on scope 3 emissions in order to successfully cut emissions. Use Sustainable Web Hosting Services Hosting services are the silent consumers of fossil fuels. Until you host it yourself, your website is most certainly hosted on a data server in a warehouse that runs on fossil fuels. Data servers use a lot of energy since they have to be turned on and kept cool all the time. Renewable Energy Certificates are acquired by sustainable hosting providers in order to claim their renewable energy utilization. Tackle the Root Causes The areas of major emissions are often not the most effective sites for action. It is found that businesses are measuring emissions in order to determine underlying causes, either inside their own processes or anywhere in the value chain. Big tech businesses evaluate power efficiency down to the code level in their AI and cloud implementations and collaborate with chip manufacturers to reduce energy usage in the use of their products. Don’t Automatically Defund High-Carbon Business Investors are often enticed to enhance their portfolio of low-carbon activities merely by rearranging their capital allocation. However, when it comes to really incentivize reduction, a more effective technique is to engage in activities that presently generate high carbon emissions while giving out a clear and urgent roadmap to change. Some activists have realized this idea and are shifting their demands from divestment to a managed shift of high-carbon businesses. Purchase Carbon Offsets Carbon offsets are a type of trade. When you buy an offset, you are contributing to projects that decrease greenhouse gas emissions. A carbon calculator can help you calculate your travel carbon footprint and the monetary cost of those emissions. Remember that carbon offsets do not decrease the quantity of carbon in the atmosphere; rather, they serve as a balancing agent to neutralize the carbon emitted. Carbon offsets could be tax-deductible based on the company from whom you purchase them. Closing Lines Many prominent brands, from Amazon to L'Oréal, have started to make significant investments in renewable energy and commitments to reduce emissions in their freight and logistics operations. Being mindful of how your activities contribute to greenhouse gas emissions can assist you in minimizing your carbon footprint. With the above-mentioned methods under your belt, you will be able to support the environment that we live in a while simultaneously pushing your organization to the next level of success. Don't miss the opportunity to get involved in energy-efficiency and sustainability initiatives for your company because the newest generation of consumers, millennials, have $2.45 trillion in spending power and are eager to spend more on brands that share their values of going green. Frequently Asked Questions What are scope 3 emissions? The Greenhouse Gas Protocol Corporate Standard divides a company's greenhouse gas emissions into three "scopes." Scope 1 emissions are those emitted directly from owned or controlled sources. Scope 2 emissions are those caused by the production of bought energy. Scope 3 emissions encompass all indirect emissions (not included in scope 2) that happen in the reporting company's value chain, both in upstream and downstream emissions. What are product life cycle emissions? All emissions related to the production and utilize a single product, from the cradle to the grave, are referred to as the product life cycle emissions and include emissions from raw materials, manufacturing, transportation, storage, sale, usage, and disposal. How can industries reduce global warming? By implementing passive or sustainable energy-based heating and cooling systems, increasing energy efficiency, and solving other important concerns such as methane leaks, the industry can cut its emissions by 7.3 Gt per year. New food production technologies have the capability to cut emissions by 6.7 Gt per year

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STRATEGY AND BEST PRACTICES, ENERGY

A vision for renewable energy

Article | July 27, 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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SOLAR+STORAGE

2020: The Year of Convergence in Corporate Renewables

Article | June 8, 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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2020 Trends That Will Make Waves In The Energy Industry

Article | February 10, 2020

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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Spotlight

Colorado Solar and Storage Association (COSSA)

Established in 1989, the Colorado Solar and Storage Association [formerly the Colorado Solar Energy Industries Association (COSEIA)] is the award-winning nonprofit association leading Colorado’s solar and storage industries. Our mission is to expand solar and storage markets and to generate jobs and prosperity for the people of Colorado.

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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.

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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.

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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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