Duke Energy Sustainable Solutions, BYU-Hawaii complete campuswide renewable energy system

Rhea-AI Summary

Duke Energy Sustainable Solutions has partnered with Brigham Young University-Hawaii to complete a renewable energy system, including rooftop solar, solar carports, and battery storage, capable of generating 6.37 megawatt-hours annually. This project will satisfy approximately 39% of the university's energy needs, potentially saving over $20 million in utility costs over its lifespan. The initiative aligns with Duke Energy's commitment to sustainability and reducing carbon emissions, financing the project through a 20-year power purchase agreement.

Positive

• The renewable energy system will cover approximately 39% of BYU-Hawaii's energy needs annually.
• Projected savings of over $20 million in utility costs for BYU-Hawaii over the system's lifespan.
• Duke Energy's focus on sustainable energy supports their commitment to reducing carbon emissions.

Negative

• None.

• Solar-plus-storage solution reduces university's environmental impact, dependence on Hawaii grid.

CHARLOTTE, N.C., May 26, 2022 /PRNewswire/ -- Duke Energy Sustainable Solutions and Brigham Young University-Hawaii today announced completion of a campuswide renewable energy system that includes rooftop solar, carport solar and battery energy storage.

Duke Energy Sustainable Solutions, a nonregulated commercial brand of Duke Energy (NYSE: DUK), designed and constructed the renewable energy system and the battery energy storage system containing Tesla Megapacks.

The estimated annual electricity production of the entire project will be 6.37 megawatt-hours – enough to meet an estimated 39% of the university's energy needs each year.

"This project has made BYU-Hawaii more eco-friendly and reduced our environmental impact," said Kevin Schlag, operations vice president. "The combination of solar and battery storage is a smart solution that will allow us to support our students and their education more sustainably by potentially saving the university over $20 million in utility costs over the system's life."

Located on 100 acres in Laie on the island of Oahu, the university's renewable energy project consists of three rooftop solar installations, five solar carports throughout the campus, including its main parking lot, and 7,324.8 kWh of battery storage.

"Now more than ever, universities, companies and municipalities are powering their infrastructure using renewable energy to ensure sustainability and reduce carbon emissions," said Chris Fallon, president of Duke Energy Sustainable Solutions. "We're proud that we were able to deliver the faculty, students and administration of Brigham Young University-Hawaii a renewable energy solution that positively impacts the local environment and reduces the university's impact on the energy grid in Hawaii."

The university financed the project through a 20-year power purchase agreement with Duke Energy Sustainable Solutions.

Duke Energy Sustainable Solutions

Duke Energy Sustainable Solutions is a nonregulated commercial brand of Duke Energy Corporation (NYSE: DUK) – a Fortune 150 company and one of the largest energy holding companies in the U.S. – headquartered in Charlotte, N.C.

Duke Energy Sustainable Solutions is a leader in sustainable energy, helping large enterprises reduce power costs, lower emissions, and increase resiliency. The team provides wind, solar, resilient backup power, and managed energy services to over 1,000 projects across the U.S., with a total electric capacity of more than 5,100 megawatts of nonregulated renewable energy. Visit Duke Energy Sustainable Solutions and follow on LinkedIn and YouTube for more information.

Duke Energy Sustainable Solutions includes the following subsidiaries of Duke Energy Corporation that are registered to transact business in various states and may be branded as Duke Energy Sustainable Solutions for marketing purposes: Duke Energy Commercial Enterprises, Inc.; Duke Energy One, Inc.; Duke Energy Renewables, Inc.; Duke Energy Renewables Commercial, LLC; Duke Energy Renewable Services, LLC; Duke Energy Renewables Solar, LLC; Duke Energy Renewables Storage, LLC; Duke Energy Renewables Wind, LLC; and REC Solar Commercial Corporation.

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% 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.

More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Brigham Young University-Hawaii

Brigham Young University-Hawaii is the preeminent international center of learning in the Pacific. Its small campus is a unique laboratory of intercultural leadership development, where a diverse population of 2,800 students representing nearly 60 countries live, study and work together. Small classes taught by expert faculty empower students to master a challenging and relevant curriculum. Affordable tuition, financial aid, and online study options make this valuable education more accessible.

Operated by The Church of Jesus Christ of Latter-day Saints, a total BYU-Hawaii education involves not only intellectual learning and career preparation, but also moral, ethical, and spiritual enrichment. All the while, students enjoy living and learning in one of the most beautiful places on earth. Graduates go forth to serve, prepared to promote peace and prosperity as leaders worldwide.

Media contact: Jennifer Garber
800.559.3853

 

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SOURCE Duke Energy

FAQ

What recent project was completed by Duke Energy Sustainable Solutions and BYU-Hawaii?

Duke Energy Sustainable Solutions and Brigham Young University-Hawaii recently completed a campus-wide renewable energy system including solar and battery storage.

How much of BYU-Hawaii's energy needs will the new system meet?

The new system is expected to meet approximately 39% of BYU-Hawaii's annual energy needs.

What are the potential cost savings for BYU-Hawaii from the renewable energy project?

The project could potentially save BYU-Hawaii over $20 million in utility costs throughout its lifespan.

What financing method was used for the BYU-Hawaii renewable energy project?

The project was financed through a 20-year power purchase agreement with Duke Energy Sustainable Solutions.