Duke Energy and Tech Giants Partner to Support Clean Energy Options

Duke Energy, Amazon, Google, Microsoft, and Nucor Partners to Support Clean Energy Options

Takeaway Points

  • Duke Energy, Amazon, Google, Microsoft, and Nucor Partners to Support Clean Energy Options
  • The announcement was made at the White House Summit on Domestic Nuclear Deployment.
  •  This month, the companies signed memorandums of understanding (MOUs). 

Supporting clean energy options

Duke Energy (NYSE: DUK) announced in a blog post on Wednesday that it had partnered with Amazon, Google, Microsoft, and Nucor to support clean energy options. According to the firm, they will research new and innovative approaches to support carbon-free energy generation and help utilities serve the future energy needs of large businesses in North Carolina and South Carolina. The announcement was made at the White House Summit on Domestic Nuclear Deployment.

Kevin Miller, Amazon Web Services, Vice President of Global Data Centers, said, “As the world’s largest corporate purchaser of renewable energy, Amazon is committed to enabling new sources of carbon-free energy to help power our operations and the communities where our customers live and work. With a footprint of data centers, fulfillment centers and corporate buildings across Ohio, the Carolinas and Florida, we’re excited to collaborate with Duke Energy to find new solutions that can help us achieve our Climate Pledge to be net zero carbon by 2040, and today’s agreement marks an important step in that journey.” 

Briana Kobor, Google Head of Energy Market Innovation, commented, “As we continue to progress toward our goal to operate every Google campus on clean electricity every hour of every day by 2030, we are always looking for opportunities to accelerate the delivery of new clean power to the grid. Through collaboration with Duke Energy, the Clean Transition Tariff creates a pathway for us and our peers to bring new, innovative solutions to the forefront faster, in a region we have called home for more than 15 years.”

The Agreements

Duke said that this month, the companies signed memorandums of understanding (MOUs), and the companies planned to develop new rate structures, known as “tariffs,” in the utility industry.  

Lon Huber, Duke Energy, SVP Pricing and Customer Solutions, said in a comment that “in this new era of large-scale energy demand, Duke Energy is committed to working with our regulators and customers to find innovative and responsible ways to satisfy the growing need for more and cleaner energy. With the help of companies like Amazon, Google, Microsoft and Nucor, we can accelerate our service of large customer needs and the transition to cleaner energy, while reducing financial risks and supporting economic development in our communities.”

Through the partnership, the proposed Accelerating Clean Energy (ACE) tariffs would allow large customers like Amazon, Google, Microsoft, and Nucor to directly support carbon-free energy generation investments through innovative financing structures and contributions that address project risk and lower the costs of emerging technologies, Duke said.

 About Duke Energy

Duke Energy (NYSE: DUK) is one of America’s largest energy holding companies and a Fortune 150 company headquartered in Charlotte, N.C. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio, and Kentucky.