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Duke Energy plans to invest $500 million over 15 years to develop battery storage technology

 Last Update: 2022-12-28
 Source: Internet
 Author: User

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Duke Energy has announced that it will invest $500 million in battery storage technology in the Carolinas over the next 15 years to help support the grid and improve reliability
.

Duke Energy, a Charlotte, North Carolina-based utility, said the investment would equate to adding about 300 megawatts of capacity
.
Currently, the company's battery portfolio storage capacity is about 15 megawatts
.

This week, Duke filed an application with North Carolina regulators to approve the Hot Springs microgrid project in Madison County, a 2-megawatt solar farm with a 4-megawatt lithium-ion battery storage facility
.

Duke plans to close a half-century-old coal-fired power plant in Asheville in 2019 and replace it with a natural gas generator, equipped with energy resources
such as solar and batteries.

Duke Energy has announced that it will invest $500 million in battery storage technology in the Carolinas over the next 15 years to help support the grid and improve reliability
.

Duke Energy

Duke plans to close a half-century-old coal-fired power plant in Asheville in 2019 and replace it with a natural gas generator, equipped with energy resources
such as solar and batteries.

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