Welcome to our dedicated page for Duke Energy news (Ticker: DUK), a resource for investors and traders seeking the latest updates and insights on Duke Energy stock.
Duke Energy Corporation (NYSE: DUK) generates a steady stream of news as a Fortune 150 energy holding company with major regulated electric and natural gas utilities. This page aggregates coverage of Duke Energy’s announcements, allowing readers to follow developments affecting its multi-state operations in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, as well as its natural gas utilities in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
News about Duke Energy frequently highlights investments in electric grid upgrades, cleaner generation and customer affordability. Recent company communications describe targeted infrastructure projects in Florida that expand solar capacity, upgrade natural gas power plants, harden the grid against storms and deploy self-healing technology, with reported savings of more than $1 billion in energy costs for customers. Other updates detail changes to storm cost recovery charges and bill impacts in response to hurricanes and regulatory decisions in the Carolinas and Florida.
Investors and observers can also track Duke Energy’s progress on the energy transition through news on nuclear and advanced technologies. Examples include the DeBary Hydrogen Production Storage System in Florida, capable of producing, storing and using green hydrogen, and large battery energy storage systems at former coal plant sites in the Carolinas. Regulatory and financial news items cover rate cases, performance-based regulation proposals, production tax credit mechanisms, and scheduled earnings releases and conference calls.
Community and philanthropic initiatives are another recurring news theme, such as America250 grants from the Duke Energy Foundation and employee-driven community investments. By following Duke Energy news, readers can monitor operational decisions, regulatory outcomes, infrastructure projects, customer programs and community support efforts that shape the company’s role in the U.S. utilities sector.
Duke Energy has selected two sites in South Carolina for its 2021 Site Readiness Program, aimed at enhancing business development opportunities. Located in Chester and Lancaster counties, these sites highlight economic growth along Interstate 77, promoting nearly 3,000 jobs and over $1 billion in investments since 2005. The program evaluates site potential and partners with local officials to attract industrial projects. Each site can access a $10,000 matching grant for development. Duke remains committed to economic growth, especially in rural areas, evidenced by substantial capital investments and job creation in the region.
Duke Energy has selected nine properties across eight counties in North Carolina for its 2021 Site Readiness Program, which aims to prepare these sites for industrial development. The selected locations include Catawba, Durham, Guilford, Harnett, Henderson, Jones-Craven, Randolph, and Rowan counties. Duke Energy's program has facilitated over 35 major projects since 2005, resulting in more than 6,500 jobs and $7.5 billion in investments. In light of increasing project demands, Duke Energy remains committed to collaborating with local partners to enhance site marketing strategies, ensuring a robust pipeline for future industrial opportunities.
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Piedmont Natural Gas and Duke Energy urge customers to call 811 before digging to prevent utility damage and personal injury. Recognizing 811 Day, the companies highlight that over 5,800 underground line damages were reported in 2020 within their service areas. 811 is a free service that helps mark utility lines to avoid accidents. Duke Energy serves 7.9 million customers across several states and aims for a 50% carbon reduction by 2030 and net-zero emissions by 2050.
Duke Energy Foundation has allocated approximately $280,000 in grants to 11 workforce development and education programs in Indiana. This initiative aims to create a skilled workforce to meet local employment needs, particularly in technology and skilled trades.
The grants support programs like The Mill Code School and various educational initiatives that emphasize training for in-demand jobs, particularly for under- or unemployed individuals.
Duke Energy (NYSE: DUK) is dedicated to helping businesses in Indiana by developing a pipeline of skilled workers.
Duke Energy (NYSE: DUK) has announced its second-quarter 2021 financial results, which are now available online. The company serves 7.9 million electric customers across several states and is focusing on a clean energy strategy aimed at reducing carbon emissions by 50% by 2030 and achieving net-zero emissions by 2050. With a goal of 16,000 megawatts of renewable energy capacity by 2025, Duke Energy is also investing in grid upgrades and exploring advanced technologies. The results will be discussed in an investor presentation at 10 a.m. ET today.
Duke Energy is prepared to meet the energy demands during the upcoming heat wave in the Carolinas. The company emphasizes the importance of energy efficiency, offering low- to no-cost tips for customers to reduce their energy consumption and costs. Customers can use smart meters to track their usage and receive alerts, helping them manage their bills more effectively. The company continues its commitment to renewable energy, aiming for a significant reduction in carbon emissions by 2030 and net-zero by 2050, while serving millions across multiple states.
Duke Energy has achieved a milestone by surpassing 10,000 MW of renewable energy capacity with the initiation of the 144-MW Pflugerville Solar project in Texas. This project, part of a broader 200-site renewable portfolio across 22 states, is expected to power approximately 27,000 homes and creates jobs while supporting local economies. Duke Energy aims for 16 GW of renewable capacity by 2025 and 47 GW by 2050, aligning with its climate goals of a 50% carbon reduction by 2030 and net-zero emissions by 2050.
Duke Energy has awarded $615,000 in grants to 19 workforce development and education programs in North Carolina, aimed at preparing job seekers for employment in the energy sector. This funding is part of a larger commitment of $6.3 million over five years. The initiatives focus on community colleges and historically black institutions, helping to build a diverse workforce to meet local industry needs. Notable recipients include North Carolina A&T State University, which received a $75,000 grant for its engineering program.
Duke Energy Sustainable Solutions has commenced the commercial operation of the 182-MW Maryneal Windpower project in Nolan County, Texas. This project boosts Duke Energy's U.S. wind capacity to over 3,000 MW and is expected to supply renewable energy to more than 54,000 homes. T-Mobile signed a 12-year virtual power purchase agreement for 173.3 MW, aligning with its sustainability goals. The project also generated about 200 jobs during construction and will provide significant local tax revenues. Duke Energy aims for 16 GW of renewable energy by 2025 and 47 GW by 2050.
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