Duke Energy's Hydro Power Legacy and Clean Energy Transition
Key Ideas
- Duke Energy's hydroelectric stations have been a key part of its energy mix since 1904, contributing to its goal of achieving net-zero carbon emissions by 2050.
- The company is investing in clean energy transition, aiming for net-zero methane emissions by 2030 and exploring hydrogen and advanced nuclear technologies.
- Duke Energy's commitment to sustainability has earned it recognition on Fortune's 'World's Most Admired Companies' list and Forbes' 'World's Best Employers' list.
- With 27 hydroelectric stations and a focus on reducing carbon emissions, Duke Energy is actively contributing to a cleaner energy future for the U.S.
Duke Energy, headquartered in Charlotte, N.C., has a long history of harnessing the power of water through its 27 hydroelectric stations. Dating back to 1904 when the Catawba Hydro Station supplied electricity to the Victoria Cotton Mill in Rock Hill, S.C., Duke Energy's hydro power legacy continues to be a significant part of its energy portfolio. The company's commitment to a sustainable future is evident in its goal of achieving net-zero carbon emissions by 2050.
In addition to its hydroelectric assets, Duke Energy is strategically focused on a clean energy transition. By aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050, the company is setting ambitious targets to reduce its environmental impact. Duke Energy is also investing in grid enhancements, energy storage, and exploring innovative technologies like hydrogen and advanced nuclear power to drive its sustainability efforts forward.
The company's dedication to sustainability has not gone unnoticed, as it has been named to prestigious lists such as Fortune's 'World's Most Admired Companies' and Forbes' 'World's Best Employers.' With a workforce of 27,600 employees, Duke Energy's holistic approach to clean energy and environmental stewardship positions it as a leader in the energy sector. By leveraging its hydroelectric stations and embracing new technologies, Duke Energy is actively contributing to a cleaner and more sustainable energy future for the United States.