Electricity provider Duke Energy, one of the largest energy holding companies in the US announced today a new goal to triple its renewable energy production by the end of the decade. Under the new initiative, 23% of energy produced by the company by 2030 will be generated by wind, solar and hydroelectric sources.
Currently, 7% of Duke’s production comes from renewable sources. Another 35% is produced carbon-free at the company’s six nuclear plants.
Duke’s energy transition plan includes ongoing renewable energy buildouts with wind and solar projects currently under construction in Florida, North Carolina, Oklahoma and Texas. The company also aims to add 280 megawatts of pumped storage hydro capacity at its Bad Creek facility in South Carolina, over the next three years.
As the company ramps up its renewable energy production, it is also overseeing a major coal retirement process, retiring 52 coal-fired units since 2010.
The new goal follows the announcement by the company of the launch of Duke Energy Sustainable Solutions, unifying the company’s sustainable energy solutions under a single commercial brand. Duke Energy Sustainable Solutions includes 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.
Katherine Neebe, Duke Energy’s Vice President, National Engagement & Strategy, Chief Sustainability Officer and President, Duke Energy Foundation, said:
“Duke Energy has a clear line of sight to reduce our carbon emissions by at least 50% by 2030 and is making terrific progress to achieve net-zero carbon emissions by 2050. We’re already a leader in our industry when it comes to low-carbon intensity. This next decade will also be our biggest ever for incorporating thousands of megawatts of new renewable energy generation into our portfolio.”