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Duke Energy expands North Carolina program that helps businesses become more renewable and carbon-free
DUKDuke Energy(DUK) Prnewswire·2024-10-22 18:01

Core Insights - Duke Energy has launched the Green Source Advantage Choice (GSA-C) program in North Carolina, enabling large businesses to access 100% renewable energy and support renewable energy development [1][2] - The GSA-C program expands upon the original Green Source Advantage program, increasing capacity to 5,000 megawatts (MW), which is over five times the previous capacity [1][3] - The program is fully funded by participating customers and offers flexibility in selecting renewable suppliers and negotiating price terms [2][3] Program Features - GSA-C includes options such as the "Bring Your Own Purchased Power Agreement" (PPA) with 250 MW of capacity annually and the Resource Acceleration Option (RAO) providing an additional 300 MW every two years [3] - Customers can collaborate with Duke Energy on new renewable facilities, which can be either Duke-generated or third-party operated [3] - The program allows customers to secure clean energy environmental attributes (CEEAs), which include renewable energy certificates and carbon emission reduction attributes [2][4] Future Developments - Duke Energy plans to file a subscription-based community solar program called Clean Energy Connection with the North Carolina Utilities Commission later this year [4] - Similar renewable energy programs are also being implemented in South Carolina [4] - The company is committed to achieving net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050 [5]