Briefing

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Major U.S. utility company Duke Energy vowed to zero out carbon emissions by 2050

September 19, 2019

Briefing:
  • Carbon Free by 2050 – U.S.’s biggest utility company Duke Energy announced it will reduce carbon emissions by 50% by 2030 and be fully carbon-free by 2050
  • Energy Mix Strategy – Includes doubling portfolio of solar, wind and other renewables by 2025, in addition to expanding natural gas, nuclear, energy storage, energy efficiency, and electric vehicle infrastructure
  • Achievement – Managed to reduce carbon emissions by 31% since 2005, meeting or exceeding standards set in U.S. Clean Power Plan and 2025 U.S. commitment to the Paris Agreement
  • Coal Replacement – Retired 49 coal-fired units, equivalent to 6,190 megawatts of generation capacity
  • Grid Modernization – Invested on grid infrastructure, such as smart meters, sensors, and grid controls, as well as microgrid and distributed energy projects
  • Stakeholder Collaboration – Will coordinate with various states on proposed steps and timeline for transition which will be unique for each state, as well as regulators, customers and other stakeholders

Image Source: Duke Energy News Center

Image Source: Duke Energy News Center

Sectors: Energy, Utilities
Organization: Duke Energy Corp.
Source: 

Original Publication Date: September 17, 2019

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