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Duke Energy invests $600,000 in North Carolina's community colleges to build next generation workforce

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Duke Energy Foundation has announced a $600,000 investment in North Carolina's community colleges to strengthen the energy industry workforce. The investment includes $500,000 in grants distributed among 19 community colleges and an additional $100,000 for the Forward Fund to support students in Southeastern North Carolina.

This initiative is part of Duke Energy's broader workforce development commitment, which has exceeded $6.6 million over the past five years. Durham Technical Community College received $25,000 to enhance its Electric Line Technician Training program.

The Forward Fund provides zero-interest loans to cover essential expenses like transportation and child care, enabling students to focus on their studies. The program specifically targets short-term training connected to regional employer demand and high-wage employment opportunities in the energy sector.

La Fondazione Duke Energy ha annunciato un investimento di 600.000 dollari nei college comunitari della Carolina del Nord per rafforzare la forza lavoro nel settore energetico. L'investimento comprende 500.000 dollari in sovvenzioni distribuite tra 19 college comunitari e ulteriori 100.000 dollari per il Forward Fund, destinato a supportare gli studenti nel sud-est della Carolina del Nord.

Questa iniziativa fa parte dell'impegno più ampio di Duke Energy per lo sviluppo della forza lavoro, che ha superato i 6,6 milioni di dollari negli ultimi cinque anni. Il Durham Technical Community College ha ricevuto 25.000 dollari per migliorare il suo programma di formazione per Tecnici delle Linee Elettriche.

Il Forward Fund offre prestiti senza interessi per coprire spese essenziali come trasporti e assistenza all'infanzia, consentendo agli studenti di concentrarsi sui loro studi. Il programma è specificamente mirato a corsi di formazione a breve termine legati alla domanda dei datori di lavoro regionali e alle opportunità di lavoro ad alta retribuzione nel settore energetico.

La Fundación Duke Energy ha anunciado una inversión de 600,000 dólares en los colegios comunitarios de Carolina del Norte para fortalecer la mano de obra de la industria energética. La inversión incluye 500,000 dólares en subvenciones distribuidas entre 19 colegios comunitarios y otros 100,000 dólares para el Forward Fund, destinado a apoyar a los estudiantes en el sureste de Carolina del Norte.

Esta iniciativa forma parte del compromiso más amplio de Duke Energy con el desarrollo de la fuerza laboral, que ha superado los 6.6 millones de dólares en los últimos cinco años. El Durham Technical Community College recibió 25,000 dólares para mejorar su programa de formación de Técnicos en Líneas Eléctricas.

El Forward Fund ofrece préstamos sin interés para cubrir gastos esenciales como transporte y cuidado infantil, permitiendo a los estudiantes concentrarse en sus estudios. El programa se dirige específicamente a la formación a corto plazo relacionada con la demanda de empleadores regionales y oportunidades de empleo bien remuneradas en el sector energético.

듀크 에너지 재단은 노스캐롤라이나의 커뮤니티 칼리지에 600,000달러를 투자하여 에너지 산업 인력을 강화한다고 발표했습니다. 이 투자는 19개 커뮤니티 칼리지에 분배되는 500,000달러의 보조금과 노스캐롤라이나 남동부의 학생들을 지원하기 위한 추가 100,000달러의 Forward Fund를 포함합니다.

이번 이니셔티브는 지난 5년 동안 660만 달러를 초과한 듀크 에너지의 광범위한 인력 개발 약속의 일환입니다. 더햄 기술 커뮤니티 칼리지는 전선 기술자 교육 프로그램을 강화하기 위해 25,000달러를 받았습니다.

Forward Fund는 교통 및 아동 돌봄과 같은 필수 비용을 충당하기 위해 무이자 대출을 제공하여 학생들이 학업에 집중할 수 있도록 합니다. 이 프로그램은 지역 고용주 수요와 에너지 분야의 높은 임금 직업 기회와 연결된 단기 교육을 목표로 합니다.

La Fondation Duke Energy a annoncé un investissement de 600 000 dollars dans les collèges communautaires de Caroline du Nord pour renforcer la main-d'œuvre de l'industrie énergétique. Cet investissement comprend 500 000 dollars en subventions réparties entre 19 collèges communautaires et 100 000 dollars supplémentaires pour le Forward Fund, destiné à soutenir les étudiants dans le sud-est de la Caroline du Nord.

Cette initiative fait partie de l'engagement plus large de Duke Energy en matière de développement de la main-d'œuvre, qui a dépassé 6,6 millions de dollars au cours des cinq dernières années. Le Durham Technical Community College a reçu 25 000 dollars pour améliorer son programme de formation de Techniciens en Lignes Électriques.

Le Forward Fund offre des prêts sans intérêt pour couvrir les dépenses essentielles telles que le transport et la garde d'enfants, permettant aux étudiants de se concentrer sur leurs études. Le programme cible spécifiquement les formations à court terme liées à la demande des employeurs régionaux et aux opportunités d'emploi bien rémunérées dans le secteur de l'énergie.

Die Duke Energy Stiftung hat eine Investition von 600.000 Dollar in die Community Colleges von North Carolina angekündigt, um die Belegschaft der Energiebranche zu stärken. Die Investition umfasst 500.000 Dollar an Zuschüssen, die auf 19 Community Colleges verteilt werden, sowie zusätzlich 100.000 Dollar für den Forward Fund zur Unterstützung von Studenten im Südosten von North Carolina.

Diese Initiative ist Teil des umfassenderen Engagements von Duke Energy für die Entwicklung der Arbeitskräfte, das in den letzten fünf Jahren über 6,6 Millionen Dollar überschritten hat. Das Durham Technical Community College erhielt 25.000 Dollar zur Verbesserung seines Ausbildungsprogramms für Elektriker.

Der Forward Fund bietet zinslose Darlehen zur Deckung grundlegender Ausgaben wie Transport und Kinderbetreuung, damit die Studenten sich auf ihr Studium konzentrieren können. Das Programm richtet sich speziell an kurzfristige Schulungen, die mit der Nachfrage regionaler Arbeitgeber und hochbezahlten Beschäftigungsmöglichkeiten im Energiesektor verbunden sind.

Positive
  • Strategic investment in workforce development to support company's future growth
  • Building pipeline of skilled workers for energy industry needs
  • Expanding access to training through zero-interest loans via Forward Fund
Negative
  • None.
  • A total of 19 community colleges will receive $500,000 in grant awards
  • Additional $100,000 will support the Forward Fund to expand access to training opportunities for students
  • Duke Energy's ongoing commitment to workforce development totals more than $6.6 million over the last five years

CHARLOTTE, N.C., March 20, 2025 /PRNewswire/ -- Duke Energy Foundation today announced $500,000 to support 19 North Carolina community college programs that are creating a pipeline of skilled workers who will help meet the energy industry's growing workforce needs. A $100,000 grant will also support the Forward Fund to help students in Southeastern North Carolina attain high-wage employment opportunities.

As North Carolina continues to deploy modern energy infrastructure and meet the needs of a growing state, Duke Energy Foundation is investing in programs that will build the next generation workforce and create access to training and job skills that fit community needs. These grants are part of Duke Energy's ongoing commitment to workforce development, which totals more than $6.6 million over the last five years.

"As our state and industry continue to grow, North Carolina's community colleges are helping us meet the moment," said Kendal Bowman, Duke Energy's North Carolina president. "As technologies change and we modernize our energy fleet, we want talent here in the state to help us support our communities and build a smarter energy future for customers."

Durham Technical Community College received a $25,000 grant to enhance its Electric Line Technician Training program.

"Duke Energy's continued commitment to Durham Tech ensures we are connecting skilled individuals to good jobs like electric line technicians," said Durham Technical Community College President J.B. Buxton. "We are proud to be one of the few locations in the state that offers a pathway to these in-demand positions that communities rely on to keep the lights on."

A full list of community colleges receiving funds, along with grant recipient quotes, can be viewed, here.

For the first time, Duke Energy Foundation is also making an investment in the Forward Fund (TFF). TFF provides zero-interest loans to cover essential life expenses like transportation and child care, allowing students to focus on school full time. TTF participants are enrolled in short-term training programs directly connected to regional employer demand and high-wage employment opportunities. Repayments begin after participants earn a minimum salary requirement and are cycled back into the fund for loans to future learners.

"The Forward Fund is thrilled to receive this grant from Duke Energy Foundation to expand access of our customized, student-centered financing to students enrolling in proven Electrical Lineworker programs in Southeastern North Carolina and across the state," said Meaghan Dennis, founder and chief executive officer. "Our zero-interest loans cover tuition, fees and life expenses for students during the program, removing the financial hurdles that may prevent them from enrolling or graduating. We're excited to be part of the workforce solution for high-wage energy careers in the state."

Duke Energy Foundation

Duke Energy Foundation provides more than $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders.

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 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 X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

Contact: Garrett Poorman
24-hour media line: 800.559.3853

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SOURCE Duke Energy

FAQ

How much is Duke Energy (DUK) investing in North Carolina community colleges in 2025?

Duke Energy is investing $600,000, with $500,000 distributed among 19 community colleges and $100,000 supporting the Forward Fund.

What is Duke Energy's (DUK) total workforce development investment over the past five years?

Duke Energy has invested more than $6.6 million in workforce development initiatives over the last five years.

How many community colleges will receive Duke Energy (DUK) grants in 2025?

19 North Carolina community colleges will receive grants from the $500,000 allocation.

What is the Forward Fund initiative in Duke Energy's (DUK) community college investment?

The Forward Fund provides zero-interest loans for essential expenses like transportation and childcare, helping students complete energy sector training programs.
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