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

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

Azelio AB

Azelio is the world's leading supplier of sustainable energy solutions based on the Stirling engine with it's main focus on dispatchable, on-demand solar electricity. Azelio AB is a Swedish high-tech SME specialized in the supply of Stirling engine-based renewable energy solutions. The company has its headquarters in Gothenburg and production facilities located in the heart of the Nordic automotive and aerospace clusters on the west-coast of Sweden. The Stirling engine is produced in a state-of-the-art assembly line.

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Energy

AI in the Renewable Energy Sector: Investment Perspective

Article | July 16, 2022

As the worldwide use of artificial intelligence (AI) in the energy market is expected to reach $7.78 billion by 2024, with a CAGR of 22.49% from 2019 to 2024, it is easy to see why it's a popular topic on the minds of many leading brands in the energy sector, as well as investors looking to reap the future perks that AI could bring to the energy industry. According to BIS Research, North America is expected to be the largest market for AI in energy through 2024. However, Asia-Pacific is expected to rise rapidly over the same time due to the rising need for more decentralized power production. Investment Opportunities in AI-based Energy Industry: Economic Visibility AI's economic viability and progress in the energy business can be attributed to numerous factors, including: The desire to increase operational efficiency. Increased interest in energy efficiency. Decentralized electricity generation is being expanded. Battery storage solutions are gaining popularity. Since artificial intelligence has a wide range of applications, there are several investment opportunities in the energy industry. Upstream Oil and Gas Enhance efficiency and decrease downtime, which is critical for hydrocarbon companies owing to volatile oil prices and demand, to lessen the environmental implications of energy generation and consumption. AI Chatbots AI has the potential to enhance interactions between contact centers and consumers. Utilities that outsource to contact center providers can suffer significant fees. This is where AI, particularly when combined with natural language processing (NLP), can assist contact center operators by listening to conversations and automatically noting information in the appropriate apps, helping operators to make calls more reliable, effective, and satisfying to customers. Smart Homes and Cities AI integration benefits smart meters and smart energy management systems as well. Many residences and towns can utilize AI to collect real-time data and apply it in a number of ways to function more effectively and efficiently, enhancing sustainability while also making a living more comfortable and cities more accessible. Monitoring Trends in Energy Generation and Consumption Artificial intelligence is being utilized to assist energy companies and customers in recognizing and tracking patterns in energy generation and consumption. AI, for example, can predict the potential output of a certain wind or solar plant. Closing Lines Banking, finance, and trade are some of the suitable businesses that can profit. For example, AI and machine learning can be used in algorithmic trading, which involves utilizing computer programs to make trades in the energy business at speeds and frequencies that any human trader would consider inconceivable.

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Strategy and Best Practices

Installation of a Solar System in 2021

Article | July 8, 2022

We’ve talked a bit about the functioning of solar panels, the mechanisms behind them, and the best panels suited for the average Indian household. Check them out for the starters. For this article, we’re detailing a complete guide to the components and installation of a solar system. Solar panels are all but a part of the complete setup of a functioning solar system. It is the basic building block of the system, but there’s more to it than just a silicon wafer panel. The other necessary components include Solar Inverters, Batteries (in a select type of system) and Panel Structure/Stands, and other accessories.

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Solar+Storage

How Does Employing Energy Management Systems Helps Businesses?

Article | June 8, 2022

While most businesses presently strive to achieve environmentally friendly operations and lower their carbon footprints, this argument might not sway all businesses or company executives. While using renewable energy sources or energy management systems has clear environmental benefits, businesses that want to improve their operations and decrease overhead expenses should also consider such technologies. A steady and high-quality power supply is required for the smooth running of any kind of industry. Energy management systems (EMS) are used by a variety of industries to provide a consistent and dependable supply of energy. Energy Management Systems: Advantages for a Business Businesses and industries that use energy management solutions often achieve considerably bigger savings than those that do not use such systems. EMS examines all of the company's processes and enhances them for energy savings. The savings realized by the usage of energy management systems have a direct influence on the bottom line. Some of the most significant benefits of energy management systems are listed below. Improved Brand Image Using energy management systems result in lower power usage and, as a consequence, more environmentally friendly operations. Process optimization is recognized by business clients, customers, and suppliers because it shows excellence in planning and management. Better Productivity and Competitive Edge Reducing energy consumption via process optimization and effective load planning not only increases the overall productivity of industrial operations but also helps businesses to catch up with their competitors through continual process development. Cost-Reduction Energy management systems can ensure at least a 20% decrease in energy bills. System administrators can save up to 10% of their total energy expenditures with modest investments and no upfront costs. Supervisors can save up to one-third of their initial overhead expenses by using energy management solutions in a planned and methodical manner. Closing Lines An energy management system can help any organization save money on energy bills. There are many different energy management systems on the market, so make sure you choose one that is the right size for your business. If you're unclear about which system to buy, a good energy monitoring system can help you assess your performance and point you in the correct direction for process improvement.

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Energy, Industry Updates

Energy Management: An Energy Strategy for the C-Suite

Article | July 29, 2022

Every year, large corporations spend millions, if not billions, of dollars on energy—and millions more on supply chain, outsourcing, and logistical expenditures. Outside of the most energy-intensive sectors, however, the majority of businesses regard energy as just a cost to be managed. This is a strategic error that misses out on the significant potential to decrease risk, boost resilience, and generate new value. Today, energy is moving up the corporate agenda as a result of broad environmental, social, and economic developments, such as climate change and global carbon regulation, growing demands on natural resources, increased standards for corporate environmental performance, advances in energy technology and business models, and dropping costs for renewable energy sources. These major trends alter the environment in which businesses operate, exposing them to new risks and value-generating opportunities. PWC surveyed major commercial and industrial enterprises based in the United States and discovered that 72% are actively exploring new renewable energy acquisitions in order to decrease emissions (85%), produce an attractive ROI (76%), and mitigate the risks related to energy price volatility (59%). Corporate energy is a focus. Organizations in all sectors—and particularly those with large energy footprints—are encouraged to implement a C-suite strategy for energy management developed around the key points mentioned below. Make Energy Management a C-Suite Priority. If energy is to get the attention it requires in order to have an effect, its significance must be conveyed from the top down. This will require the CEO to designate energy management as one of the company's top objectives and delegate strategy development and implementation to the COO, CFO, or other executives. Embrace Renewable Energy Technologies Technology advancements, coupled with government incentives, have driven down the cost of sustainable energy. LED lighting, solar energy, wind energy, and the batteries that enable intermittent renewables, for example, have all come down in price in recent years, making these technologies more economical than before. This is significant since alternative energy solutions can provide enormous advantages to businesses, such as preparing them for future requirements, enabling them to continue operations in the case of a power loss, and strengthening their image as an environmentally conscientious brand (for CRE, this. As a result, every business energy management plan should contain a directive to adopt renewable and alternative energies at every opportunity. Strategize Using Risk and Opportunity The risk and opportunity factors connected to its sourcing and consumption should serve as the foundation for the company's energy management strategy. This calls for a comprehensive grasp of the company's present energy costs and the potential benefits of change. Therefore, while creating an energy management plan, businesses should think about how they can: Calculate and cut down on variable energy bills. Energy costs should be adjusted to improve the value and reduce expenses. Increase the amount of renewable energy they utilize. Reduce their carbon footprint. Select suppliers that exhibit a dedication to eco-friendly operations. Integrate energy strategy into the organization's goals and daily activities. Make a public strategy to achieve strict emission and energy use goals. Closing Lines Competitive edge drivers are constantly evolving. Not a long time ago, "quality" was a fringe philosophy, and IT was just a cost center. Quality is no longer optional, and understanding big data is essential. Energy is taking a similar path. What was previously buried deep inside procurement is now emerging to take its position among the fundamental drivers of corporate success.

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Spotlight

Azelio AB

Azelio is the world's leading supplier of sustainable energy solutions based on the Stirling engine with it's main focus on dispatchable, on-demand solar electricity. Azelio AB is a Swedish high-tech SME specialized in the supply of Stirling engine-based renewable energy solutions. The company has its headquarters in Gothenburg and production facilities located in the heart of the Nordic automotive and aerospace clusters on the west-coast of Sweden. The Stirling engine is produced in a state-of-the-art assembly line.

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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.

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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