Duke Energy Shares 10-year Plan to Invest in Critical Energy Infrastructure
In a news update on October 4, Duke Energy announced an update on their strategy to provide critical energy infrastructure, meeting customer needs while also achieving net-zero carbon emissions by 2050. The company plans to invest $145 Billion over the next 10 years.
Duke Energy’s plan includes roughly $75 Billion to modernize and harden transmission and distribution infrastructure, and another $40 Billion in energy generation like solar, wind, and battery storage resources. Encompassed in the infrastructure is new technology to improve reliability and resiliency throughout the grid. Sumter Utilities has already been working on for Duke Energy to utilize these new technologies to better prepare for potential outages, and hope to continue partnering together to provide reliability to customers in the Southeast. Click below to read the full article.