Company Overview
Duke Energy Corporation is a Fortune 150 company headquartered in Charlotte, North Carolina, and one of America's largest energy holding companies. The company's electric utilities serve 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, with approximately 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. In 2024, Duke Energy ranked as the 141st largest company in the United States on the Fortune 500 list, marking its highest-ever placement.
Duke Energy is executing an ambitious energy transition strategy, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage. With a $73 billion capital plan for 2024-2028 focused on grid modernization and cleaner energy, Duke Energy is positioning itself to meet growing energy demands while transitioning to more sustainable energy sources.
The company aims to reduce its carbon emissions by at least 50% by 2030 and achieve net-zero carbon emissions by 2050. As part of this commitment, Duke Energy has retired 56 coal units representing a combined 7.5 GW since 2010 and plans to exit coal entirely by 2035. This transition requires massive capital deployment into renewables and grid upgrades to ensure reliable, affordable, and sustainable energy for millions of customers.
Duke Energy's diverse energy portfolio includes nuclear power plants that generate half of its Carolinas generation, extensive natural gas infrastructure, and rapidly growing renewable energy capacity. The company's 2025 Carolinas Resource Plan targets 4,000 megawatts of solar by 2034 and battery storage expanded to 5,600 MW by 2034. Through strategic investments in infrastructure and clean energy technology, Duke Energy continues to play a critical role in powering economic growth across its service territories while advancing environmental sustainability.
Beyond energy generation and distribution, Duke Energy Foundation demonstrates the company's commitment to community well-being through targeted investments in environmental initiatives, economic and workforce development, education, and community vitality. In 2024, the foundation awarded over $30 million in grants, supporting the communities where Duke Energy operates and helping to create positive social impact across its service territories.
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Market Leader
Duke Energy is recognized as a market leader in the Energy & Utilities sector, demonstrating strong industry presence and customer trust.
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