Duke Energy collaborates with AWS to develop smart grid solutions to better serve customers and drive its clean energy transition

Duke Energy, and Amazon Web Services, Inc. , an Amazon.com, Inc. company, are entering into a multiyear strategic collaboration to accelerate the utility’s development of industry-leading grid solutions that will benefit customers and help advance Duke Energy’s clean energy transition.As part of this agreement, Duke Energy will build new smart grid software and services on AWS and expand its Intelligent Grid Services – a suite of custom-built applications that help the utility anticipate future energy demand and identify where and how to update the power grid. AWS, in turn, will…

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Duke Energy Renewable Energy Growth Soars by 20% in 2021

Duke Energy had its best year ever for adding renewable energy as the company posted a 20% jump in wind and solar power in 2021. This information, along with large amounts of other data and insights, was detailed in Duke Energy’s comprehensive ESG Report (formerly Sustainability Report), the company’s 16th annual disclosure on environment, social and governance (ESG) topics. (Watch a video about the report.) “ESG is essential to who we are,” said Katherine Neebe, Duke Energy’s chief sustainability officer and president, Duke Energy Foundation. “Our ESG strategy is focused…

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Duke Energy Establishes Relationship with Optus Bank to Support Minority-Owned Businesses

Duke Energy has announced it has deposited $5 million into Optus Bank, a Black-owned bank based in South Carolina, furthering the company’s support for diverse and minority-owned businesses, individuals and low income communities. The transaction was completed at the end of 2020. One of approximately 20 banks designated as Black or African American owned in the U.S., Optus Bank will use the money Duke Energy deposited to provide other minority-owned businesses and underserved communities equal access to capital loans and financial services. “This is so much more than a deposit…

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Duke Energy Provides More Than $1 Million in Grants to Support Social Justice, Racial Equity

Duke Energy, through its foundation, today announced the recipients of more than $1 million in employee-directed grants to nonprofit organizations committed to social justice and racial equity. Grants will be distributed to 80 organizations across seven states where the company has electric and gas customers – North Carolina, South Carolina, Florida, Indiana, Ohio, Kentucky and Tennessee. On June 8, Duke Energy pledged $1 million to support social justice and racial equity. In a first for the company, Duke Energy and Piedmont Natural Gas employees helped identify which organizations in each state…

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Bank of America Taps Duke Energy to Expand Renewable Energy Commitment

Bank of America has announced it is partnering with Duke Energy to further expand its renewable energy commitment by powering its headquarters and other Charlotte operations with solar energy. Through a renewable energy sleeved-power purchase agreement (PPA), the company is participating in Duke Energy’s Green Source Advantage (GSA) program. The bank is the first company and financial institution to sign a 10-year agreement for electricity and Green-e® certified renewable energy certificates (RECs) through this program.   The purchase of a 25-megawatt (MWAC) solar project’s electricity output and RECs will cover 45%…

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