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Briefing
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- 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
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