One of the company’s sustainability goals is to own, or have under contract, 8,000 MW of wind, solar, and biomass capacity by 2020. Over the past year, the company has made strong progress toward that goal, growing its renewable energy capacity from 5,400 MW to more than 6,400 MW, which can power more than one million homes at peak production.
“Duke Energy continues to invest in cleaner energy, shifting from coal to natural gas with a greater reliance on renewable energy, reducing our environmental footprint and modernizing our energy grid to support new customer-focused technology,” said Cari Boyce, Senior Vice President, Stakeholder Strategy, and Sustainability and President, Duke Energy Foundation.
Solar power currently makes up 52% of the company’s 6,400 MW of renewable capacity, while wind represents 38% and biomass makes up 10%. By combining nuclear, renewables, and hydroelectric power, about 40% of Duke Energy’s electric generation puts out no greenhouse emissions.
In addition to its growing renewable energy portfolio, the company continues to rely on two other “zero greenhouse gas” sources: more than 8,800 MW of nuclear capacity and 3,500 MW of hydroelectric and pumped storage hydro.
In its 12th year, Duke Energy’s Sustainability Report provides details of the company’s performance in four key areas – customers, growth, operations, and employees. The report also tracks the company’s progress on other sustainability goals and programs, such as:
- The company’s carbon dioxide emissions continue to drop – down 31% from 2005 levels, with a 40% goal by 2030.
- Duke Energy continues to deliver value to customers, with a price per kilowatt-hour of electricity remaining lower than the national average in all six states the company serves retail electric customers.
- The company has met its goal to recycle 80% of its solid waste a year early.
- Duke Energy remains an industry leader and at the top of its peer group in employee safety, with the company’s safety metrics continuing to improve.
- In 2017, employees and retirees volunteered more than 115,000 hours in the community. May 1st marks the start of Duke Energy In Action Month, an annual initiative to galvanize employees around community service.
Duke Energy has a long history of being recognized as one of the top sustainable companies in the industry. For 12 straight years, Duke Energy has been named to the Dow Jones Sustainability Index of companies for North America.
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