Helix, by Sowmy VJ

Helix, by Sowmy VJ

Share this post

Helix, by Sowmy VJ
Helix, by Sowmy VJ
Duke Energy's Innovative Clean Energy Partnerships
Copy link
Facebook
Email
Notes
More

Duke Energy's Innovative Clean Energy Partnerships

A Game-Changer for Investors

Sowmy VJ's avatar
Sowmy VJ
Jul 22, 2024
∙ Paid

Share this post

Helix, by Sowmy VJ
Helix, by Sowmy VJ
Duke Energy's Innovative Clean Energy Partnerships
Copy link
Facebook
Email
Notes
More
Share

In a groundbreaking move, Duke Energy (NYSE: DUK) has announced partnerships with tech giants Amazon, Google, Microsoft, and steel producer Nucor to accelerate clean energy options. This development, revealed at the White House Summit on Domestic Nuclear Deployment, signals a significant shift in how utilities and large-scale energy consumers collaborate to meet growing demand for carbon-free energy.

Careers Page

three white windmill during daytime
Photo by Gonz DDL on Unsplash

Key Points:

1. New Tariff Structures:

Duke Energy is proposing innovative rate structures called Accelerating Clean Energy (ACE) tariffs. These are designed to lower long-term costs of investing in clean energy technologies, particularly new nuclear and long-duration storage.

2. Risk-Sharing Model:

The ACE tariffs enable large customers to directly support carbon-free energy generation investments. This model involves innovative financing structures and risk-sharing contributions, potentially lowering costs for emerging technologies.

Try our tools

man in white dress shirt and blue denim jeans sitting on white and black solar panel
Photo by Bill Mead on Unsplash

3. Clean Transition Tariff (CTT):

A key feature of the ACE framework, the CTT allows Duke Energy to provide tailored portfolios of new carbon-free energy to commercial and industrial customers. This voluntary program aims to accelerate overall grid decarbonization.

4. Regulatory Approval Pending:

While these new tariffs represent voluntary pricing structures for Duke Energy's large commercial and industrial customers, they are subject to regulatory approvals in North Carolina and South Carolina.

5. Corporate Commitments:

- Amazon aims to be net-zero carbon by 2040 as part of its Climate Pledge.

- Google targets operating every campus on clean electricity every hour by 2030.

- Microsoft seeks 100% of its electricity consumption to be matched by zero-carbon energy purchases.

- Nucor, already one of the cleanest steel producers globally, supports its net-zero goal through this partnership.

Google light signage
Photo by Arthur Osipyan on Unsplash

Learning

Keep reading with a 7-day free trial

Subscribe to Helix, by Sowmy VJ to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Helix Research Ltd
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More