STOCK TITAN

Duke Energy partners with Nest Renew from Google on innovative solutions

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary

Duke Energy (NYSE: DUK) announced a partnership with Google's Nest Renew, aimed at enhancing customer engagement with energy-saving programs through compatible thermostats. This collaboration seeks to support a cleaner energy future by providing customers with innovative solutions to save money and conserve energy. Duke Energy continues to offer competitive rates and reliable service to its 7.9 million customers across several states. The Nest Renew program will roll out an early preview this fall, focusing on boosting renewable energy resources and achieving climate goals.

Positive
  • Partnership with Google to enhance energy-saving initiatives and customer engagement.
  • Duke Energy's commitment to a 50% carbon reduction by 2030 and net-zero emissions by 2050.
  • Strong reliability and rates below the national average for 7.9 million customers.
Negative
  • None.

CHARLOTTE, N.C., Oct. 6, 2021 /PRNewswire/ -- Duke Energy (NYSE: DUK) today announced it is partnering with Nest Renew from Google, a service for compatible Nest thermostats* that makes it easier to participate in energy programs that save energy and support a clean energy future.  

"Customer expectations are changing and this collaboration with Google is a great example of how we're looking for innovative solutions to help our customers save money, conserve energy and invest in renewable energy," said Harry Sideris, executive vice president, customer experience, solutions and services at Duke Energy.

Duke Energy's 7.9 million electric customers continue to benefit from rates below the national average from cleaner energy, while also receiving strong reliability. In addition to this new program, Duke Energy offers new rate designs and flexible energy use programs to help customers save money.

Nest Renew is designed to work with compatible Nest thermostats in areas served by major continental U.S. grids, to help customers make a positive difference on the environment. As the program evolves, more capabilities are expected to be added for customers.

"Achieving the energy sector's climate goals requires a wide range of strategies, and by partnering with Google on Nest Renew, Duke Energy provides new opportunities to collaborate towards the deployment of new renewable energy resources," said Hannah Bascom, Google's head of energy partnerships. "We're eager to work with Duke Energy to engage consumers in programs that promote a clean, resilient and flexible grid of the future."

Nest Renew will be rolling out an early preview by invitation beginning this fall.

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 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 51,000 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 27,500 people. 

Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to own or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear. 

Duke Energy was named to Fortune's 2021 "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

*Nest Renew requires the 3rd generation Nest Learning thermostat, Nest Thermostat E, or the newest Nest Thermostat connected to a Google account (sold separately).

Media contact: Loree Elswick
Email: Loree.Elswick@duke-energy.com
Media line: 800.559.3853

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-partners-with-nest-renew-from-google-on-innovative-solutions-301394019.html

SOURCE Duke Energy

FAQ

What is the purpose of Duke Energy's partnership with Google on Nest Renew?

The partnership aims to enhance customer engagement in energy-saving programs and support a cleaner energy future.

When will the Nest Renew program be available?

An early preview of the Nest Renew program will begin this fall.

How many customers does Duke Energy serve?

Duke Energy serves approximately 7.9 million electric customers across multiple states.

What are Duke Energy's environmental goals?

Duke Energy aims for at least a 50% carbon reduction by 2030 and net-zero carbon emissions by 2050.

What benefits does Nest Renew offer to Duke Energy customers?

Nest Renew helps customers save energy, save money, and contribute to a cleaner energy future.

Duke Energy Corporation

NYSE:DUK

DUK Rankings

DUK Latest News

DUK Stock Data

87.53B
772.48M
0.14%
66.6%
1.27%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
CHARLOTTE