Duke Energy invests $350,000 to support future energy workforce

Rhea-AI Summary

Duke Energy Foundation (DUK) Awards $350,000 to 11 North Carolina Community College Programs for Lineworker Training

Positive

• Duke Energy Foundation has awarded over $6.7 million in the last five years for workforce development programs in the energy sector
• The lineworker training program funds will be used for diversity recruitment, instructor stipends, equipment, materials, and program marketing
• Duke Energy is executing an aggressive clean energy transition with goals of net-zero methane emissions by 2030 and net-zero carbon emissions by 2050

Negative

• None.

• Funds awarded to 11 community college programs across North Carolina
• Grants support lineworker training, education programs

CHARLOTTE, N.C., Dec. 13, 2023 /PRNewswire/ -- The Duke Energy Foundation today announces $350,000 to support 11 community college programs across the state working to create a pipeline of skilled lineworkers that will help meet the energy industry's future workforce needs. With this additional funding, the Foundation has awarded more than $6.7 million over the past five years in support of workforce development programs with a focus on the energy sector.

The lineworker training program funds will be primarily used by grantees for diversity recruitment, instructor stipends, equipment, materials and program marketing. One of the community college grantees, Forsyth Technical Community College Foundation received $35,000 in funds.

"We are profoundly grateful to Duke Energy for their continued and generous support of our Electrical Lineworker Program. As we approach the graduation of our 62nd class of lineworkers, this support is not just a contribution, it's a commitment to the future of our students and the energy sector," said Dr. Janet N. Spriggs, President, Forsyth Tech. "This grant reinforces our shared vision of empowering lives through education and training; together, we are lighting the way for the next generation of skilled professionals who will keep our communities connected and energized." 

As Duke Energy executes its clean energy transition, the need for a skilled workforce is rapidly growing. Lineworkers play an integral role in a more efficient, more reliable digital grid. The company's investment into lineworker training programs and coordination with community colleges will result in a more diverse talent pipeline for the utility industry.

"Given North Carolina's tremendous growth, lineworkers are essential to strengthening our infrastructure and allowing our communities to thrive," said Kendal Bowman, Duke Energy's North Carolina president. "These grants are one way we can create access to workforce development opportunities across the state, helping ensure our workforce diversity reflects the communities we serve, live and work in."

Duke Energy Foundation
The Duke Energy Foundation provides philanthropic support to meet the needs of communities where Duke Energy customers live and work. The foundation contributes more than $30 million annually in charitable gifts, and is funded by Duke Energy shareholder dollars. More information can be found at duke-energy.com/foundation.

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 aggressive 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.

Contact: Shawna Berger
24-Hour: 800.559.3853
@DE_ShawnaB

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SOURCE Duke Energy

FAQ

How much did Duke Energy Foundation award to 11 community college programs in North Carolina?

The Duke Energy Foundation awarded $350,000 to 11 community college programs in North Carolina for lineworker training

What will the lineworker training program funds be used for?

The funds will be used for diversity recruitment, instructor stipends, equipment, materials, and program marketing to support the lineworker training programs

What are Duke Energy's clean energy transition goals?

Duke Energy aims to achieve net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050, with interim carbon emission reduction targets by 2030, 2035, and 2040