Nuclear, Renewables, Wind

Duke Energy to Reduce Coal, Add Gas and Renewables

By Editors of Power Engineering

Duke Energy’s latest sustainability report indicates the company will gradually move away from coal power and add gas and renewables to its mix by 2030.

Specifically, coal is slated to shift from 34 percent now to 27 percent in 2030. The percentage of nuclear power generated is also expected to shrink from 34 percent to 28 percent, though no nuclear power closures are planned. Gas is expected to grow from 28 percent to 36 percent, while hydro, wind and solar power combined will go from four percent to nine percent.

The shift will involve an $11 billion investment in “cleaner generation,” which is expected to cut carbon dioxide levels 40 percent from 2005 levels. The company has already lowered emissions by more than 29 percent.

“As technology and customers’ expectations evolve, Duke Energy is responding by investing in innovative new solutions to power the lives of our customers with reliable, affordable and increasingly clean energy,” said Lynn Good, Duke Energy’s chairman, president and CEO. “How we generate energy is more important than ever before and we’re making long-term investments that will deliver a lower-carbon future.”

In the near-term, Duke is now on track to meet its goal of owning or having under contract 8,000 MW of wind, solar or biomass by 2020. In 2016 Duke added 1,000 MW to bring the current renewable total to 5,400 MW.