Duke Energy Plans Investments in Renewables and Grid Projects without ACP
July 5, 2020
In a news release related to the Atlantic Coast Pipeline (ACP) cancellation, Duke Energy announced intentions to continue clean energy goals by investing in renewables, battery storage, energy efficiency programs, and grid projects.
“Sustainability and the reduction of carbon emissions are closely tied to our region’s success,” said Lynn Good, Duke Energy Chair, President and CEO. “In our recent Climate Report, we shared a vision of a cleaner energy future with an increasing focus on renewables and battery storage in addition to a diverse mix of zero-carbon nuclear, natural gas, hydro and energy efficiency programs.
“Achieving this clean energy vision will require all of us working together to develop a plan that is smart, equitable and ensures the reliability and affordability that will spur economic growth in the region. While we’re disappointed that we’re not able to move forward with ACP, we will continue exploring ways to help our customers and communities, particularly in eastern North Carolina where the need is great,” said Good.
Duke Energy plans to file an Integrated Resource Plan (IRP) for the Carolinas in September, 2020. The IRP will include multiple scenarios to support a cleaner energy future.
Links
Duke Energy News Release
Duke Energy Reaffirms Capital Investments in Renewables and Grid Projects to Deliver Cleaner Energy, Economic Growth | July 5, 2020 | Charlotte, NC
Dominion Energy and Duke Energy Joint News Release
Dominion Energy and Duke Energy cancel Atlantic Coast Pipeline | July 5, 2020 | Richmond, Va. and Charlotte, NC
Downloads
Atlantic Coast pipeline One-Pager FAQs
The Road Ahead: An Update on the Atlantic Coast Pipeline | Duke Energy