Duke Energy announces investment in two new renewable natural gas projects in North Carolina
Duke Energy (NYSE: DUK) announced its investment in two renewable natural gas (RNG) projects in North Carolina, Foothills Renewables and Upper Piedmont Renewables. These initiatives will convert landfill gas from local landfills into RNG, producing approximately 1 million dekatherms annually, equivalent to the annual usage of about 17,000 homes. Developed by Evensol LLC and constructed by Energyneering Solutions LLC, the projects aim to enhance sustainability and are expected to be operational by Q4 2022.
- Investment in two RNG projects expected to produce 1 million dekatherms annually.
- Projects enhance sustainability and support clean energy transition.
- Strategic partnership with Evensol LLC for development.
- None.
- Renewable natural gas will be sourced from methane at landfills in Caldwell, Person counties.
- Projects to be developed by Evensol LLC; designed, built, operated by Energyneering Solutions LLC.
CHARLOTTE, N.C., April 27, 2022 /PRNewswire/ -- Duke Energy (NYSE: DUK) today announced its investment in two projects to convert landfill gas from two North Carolina landfills into renewable natural gas (RNG).
The two projects, named Foothills Renewables and Upper Piedmont Renewables, will be located in Caldwell County and Person County, respectively.
Renewable natural gas is derived from the methane contained in landfill gas resulting from the breakdown of organic waste, which is processed to remove contaminants in order to meet natural gas pipeline quality standards.
Each project is projected to produce roughly 500,000 dekatherms (Dth) of renewable natural gas each year. The combined 1 million Dth is equivalent to the average annual natural gas usage of nearly 17,000 residential customers in North Carolina.
Both landfill projects are being developed by Evensol LLC, which develops and acquires renewable fuels-based assets in the biomass, biogas and biofuels sectors. Energyneering Solutions LLC, which specializes in the design, construction and operation of biogas utilization projects, will build and operate the facilities.
"We're excited for the Foothills and Upper Piedmont projects to join our growing portfolio of renewable natural gas investments," said Phillip Grigsby, Duke Energy's senior vice president of ventures and business development. "Duke Energy is proud to be an industry leader in the RNG space as we continue our journey toward a cleaner energy future.
"Duke Energy is committed to supporting sustainable energy solutions. Not only will these projects bring more renewable natural gas into the market, they'll also enhance sustainability in North Carolina, ultimately benefitting both the environment and energy customers," Grigsby said.
"We are very fortunate to have Duke Energy as our strategic partner in the development and ownership of these important NC-based RNG facilities," said David Wentworth, president & CEO of Evensol LLC. "Duke's stated commitment to sustainability is clearly evidenced by its investment in these projects, which will create real environmental benefits for the citizens of North Carolina".
While some of the RNG produced by the two projects will be transported by infrastructure owned and operated by Duke Energy's Piedmont Natural Gas unit, the RNG will be sold to third-party customers and will not be purchased or used by Duke Energy.
The landfill projects are already under construction and are expected to be operational in the fourth quarter of 2022.
Duke Energy
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 28,000 people.
Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a
Duke Energy was named to Fortune's 2022 "World's Most Admired Companies" list and Forbes' "America'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.
Media contact: Jason Wheatley
800.559.3853
View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-announces-investment-in-two-new-renewable-natural-gas-projects-in-north-carolina-301534383.html
SOURCE Duke Energy
FAQ
What are the new projects announced by Duke Energy in North Carolina?
How much renewable natural gas will Duke Energy's new projects produce?
When are Duke Energy's renewable natural gas projects expected to be operational?
Who is developing the renewable natural gas projects for Duke Energy?
How does the renewable natural gas from these projects benefit North Carolina?
