Tag: Duke Energy

Bank of America Taps Duke Energy to Expand Renewable Energy Commitment

Stuart Mitchell

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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Duke Energy Progress Extends Commitment to Diversity and Inclusion to Financial Sector

Stuart Mitchell

Duke Energy Progress, a subsidiary of Duke Energy, has successfully closed a $700 million debt offering with the help of seven diverse and minority-owned financial firms. This transaction, which involved African American-, disabled-veteran-, Hispanic- and women-owned brokerage firms as co-underwriters to sell the notes, marks the fourth significant transaction since 2016 by a Duke Energy franchise that engaged diversity-owned financial institutions as it raises low-cost capital for investments in cleaner, smarter energy infrastructure. Duke Energy Ohio, Duke Energy Florida and Piedmont Natural Gas have also completed similar transactions. “As we…

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Duke Energy Employees Choose $1 Million in Grants for Social Justice

Stuart Mitchell

Duke Energy and Piedmont Natural Gas asked its employees to choose the recipients of more than $1 million in grants to advance social justice and racial equity. The money will be split between 80 nonprofits in the seven states the companies serve. This is the first time that employees selected recipients – and the first time the Willa Carson Health and Wellness Center received a Duke Energy grant. Young, a Duke Energy billing supervisor at the Bayside Call Center, grew up in the North Greenwood neighborhood where the center is located.…

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Smithfield Foods Generates Renewable Natural Gas from Wastewater to Power North Carolina Communities

Stuart Mitchell

Smithfield Foods, Inc., in partnership with Duke Energy and OptimaBio, LLC, is now producing renewable natural gas (RNG) from the wastewater treatment system at its Tar Heel, N.C. pork processing facility, which will help power more than 2,000 local homes and businesses. The three companies are utilizing the world’s largest pork processing facility to provide renewable energy to consumers while reducing their own, and the state of North Carolina’s, carbon footprint. The $14 million project is the latest from Smithfield Renewables, Smithfield’s platform to unify and accelerate its efforts to reduce greenhouse gas (GHG) emissions 25%…

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Duke Energy Invests Over $3.6 Million to Build Diverse Workforce of the Future

Stuart Mitchell

Duke Energy has announced it is awarding over $3.6 million in grants to support 54 innovative workforce development programs across the communities served by the company. “Our goal is to build a diverse workforce equipped to help the energy industry transform the grid and innovate to meet customers’ needs,” said Cari Boyce, president of the Duke Energy Foundation. “The energy sector generates an abundance of well-paid, dynamic jobs, and we want to ensure nontraditional students have access to these opportunities.” The 2019 Powerful Communities grants, from the Duke Energy Foundation with…

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