Published 04-26-24
Submitted by Duke Energy
CHARLOTTE, N.C., April 26, 2024 /CSRwire/ - Duke Energy (NYSE: DUK) released its 2023 Impact Report, its 18th annual accounting of its progress toward its sustainable business goals. This year’s report includes highlights from its 2050 clean energy transition strategy, which strives to deliver industry-leading reliability, competitive rates for customers, and accelerated infrastructure and economic development to meet the growing needs of its more than 8 million customers.
Examples highlighted include the many ways in which Duke Energy offers customers options for controlling their energy use, as well as the assistance it provides to its customers in need. Over the past two years, the company has helped customers access nearly $377 million in financial support through a dedicated agency team of customer advocates. It also has made investments in its grid that has resulted in more reliable service to its customers. In 2023, smart, self-healing grid technologies helped Duke Energy’s customers avoid more than 1.5 million power outages, saving approximately 3.5 million hours of total outage time.
In pursuing its clean energy transition strategy, Duke Energy works alongside its stakeholders as it drives toward delivering a cleaner, more diverse mix of energy sources while accounting for the significant engineering, environmental and social considerations embedded in such a transformation, one of the country’s largest in the utility sector.
“As the company executes its clean energy transition, it is assembling a sophisticated puzzle,” said Katherine Neebe, Duke Energy’s chief sustainability officer. “Each piece – energy generation and storage, grid modernization, supporting communities and working with various stakeholders, multiskilling employees and reducing carbon emissions – is essential. It’s about finding the perfect fit for each piece to create a final picture that reveals a landscape of sustainable and interconnected solutions.”
Other report highlights and insights include:
How the company mitigates the risks associated with its business, while at the same time creating value for its employees, customers and communities, is foundational to creating lasting impact. It takes time to work through all of the complexities of the clean energy transition, and the company is focused on these opportunities every day.
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies.
The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own approximately 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and nuclear.
More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.
Contact: Shawna Berger
24-Hour: 800.559.3853
Twitter: @DE_ShawnaB
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Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,600 people.
Duke Energy is executing an ambitious clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.
Duke Energy was named to Fortune’s 2023 “World’s Most Admired Companies” list and Forbes’ “World’s Best Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.
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