Piedmont Natural Gas opens compressed natural gas fueling station in Wilmington, N.C.

Rhea-AI Summary

Piedmont Natural Gas has opened its 13th CNG fueling station in Wilmington, North Carolina, enhancing its network of publicly accessible CNG stations. The facility supports CNG-powered vehicles on key coastal highways, featuring four fast-fill fuel pumps and 24/7 accessibility. It aims to support fleet sustainability goals, providing a cost-effective and lower-emission fuel option. CNG, being 90% cleaner than gasoline and diesel, contributes to environmental goals while offering lower prices due to the domestic abundance of natural gas.

Positive

• Opening of the 13th CNG fueling station enhances service availability.
• CNG is cost-effective, offering savings over traditional fuels.
• The station is designed to accommodate large vehicles like Class 8 trucks.
• Supports sustainability goals with lower emissions.

Negative

• None.

• Facility is utility's 13th publicly accessible CNG fueling station; eighth in North Carolina.
• Location offers convenient fueling option for CNG-powered vehicles traveling on coastal highways.

CHARLOTTE, N.C., May 31, 2022 /PRNewswire/ -- Piedmont Natural Gas today announced the opening of a compressed natural gas (CNG) fueling station in Wilmington, N.C. The facility is Piedmont's 13th CNG fueling station in the company's three-state service territory and its eighth in North Carolina.

Located at 141 Sutton Steam Plant Drive, near the intersection of Interstate 140 and U.S. Highway 421, and conveniently accessible to Interstate 40, the station provides a fueling stop for trucks, fleet vehicles and other vehicles that run on CNG.

The station features four fast-fill fuel pumps, can accommodate Class 8 tractor-trailer trucks and is accessible 24/7. For resiliency, a natural gas backup generator is on-site to help ensure reliability during hurricanes and severe weather. 

"Compressed natural gas offers several advantages to traditional fuels, from fuel-cost savings to helping reduce vehicles' carbon footprints," said Phillip Grigsby, senior vice president of ventures and business development at Piedmont Natural Gas. "The lower-cost, lower-emission CNG offered at our network of publicly accessible CNG stations can help companies and fleets meet their sustainability goals, and we're pleased to make this fuel available to more motorists driving along the I-40 and I-140 corridors."

Thanks to the domestic abundance of natural gas, the price of CNG remains below that of conventional vehicle fuels. With savings over conventional fuels such as gasoline and diesel, business fleets and the trucking industry have found CNG to be a cost-effective fueling solution. Approximately 50% of Piedmont's own utility fleet consists of CNG-powered or CNG-capable vehicles.

CNG also is a more environmentally friendly choice; natural gas vehicles are 90% cleaner than the federal Environmental Protection Agency's current NOx standard. CNG emits up to 21% fewer greenhouse gas emissions than comparable gasoline and diesel vehicles. Many state and local governments also offer incentives to encourage the adoption of natural gas vehicles.

To learn more about Piedmont's network of CNG fueling stations, natural gas vehicles and their benefits, visit piedmontng.com/ChooseCNG.

Piedmont Natural Gas

Piedmont Natural Gas, a subsidiary of Duke Energy, distributes natural gas to more than 1.1 million residential, commercial, industrial and power generation customers in North Carolina, South Carolina and Tennessee. Piedmont is routinely recognized by J.D. Power for excellent customer satisfaction, and has been named by Cogent Reports as one of the most trusted utility brands in the U.S. More information: piedmontng.com. Follow Piedmont Natural Gas: Twitter, Facebook.

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 28,000 people.

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. 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 2022 "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.      

Media contact: Jason Wheatley 
Piedmont Natural Gas
Phone: 877.348.3612
Email: jason.wheatley@duke-energy.com

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SOURCE Piedmont Natural Gas

FAQ

What is the significance of Duke Energy's stock symbol DUK in relation to the new CNG station?

Duke Energy's stock symbol DUK represents its performance, which may be positively influenced by developments like the new CNG station, reflecting the company's commitment to sustainable energy solutions.

When was the new CNG fueling station opened by Piedmont Natural Gas?

The new CNG fueling station was opened on May 31, 2022.

Where is the CNG fueling station located?

The CNG fueling station is located in Wilmington, North Carolina, at 141 Sutton Steam Plant Drive.

How many CNG fueling stations does Piedmont Natural Gas operate?

Piedmont Natural Gas operates 13 CNG fueling stations, with eight located in North Carolina.

What are the environmental benefits of using CNG according to the press release?

Natural gas vehicles using CNG are 90% cleaner than gasoline and diesel vehicles, emitting up to 21% fewer greenhouse gases.