Duke Energy(DUK) Prnewswire·2025-01-17 15:44Core Viewpoint - Duke Energy is participating in a public-private application for a Department of Energy grant aimed at advancing small modular reactor technology, reflecting its commitment to nuclear energy as part of its comprehensive generation strategy [1][2][3] Group 1: Grant Participation and Objectives - The grant application, led by Tennessee Valley Authority, aims to support Duke Energy's nuclear strategy by collaborating with other utilities and technology providers to reduce technology risks and costs [2][3] - Duke Energy's involvement in the proposed U.S. coalition on small modular reactors (SMRs) will focus on assessing risks and enhancing U.S. manufacturing and supply chain capabilities [3] Group 2: Collaboration with GE Hitachi - Duke Energy has entered into an agreement with GE Hitachi to advance the standard design and licensing for the BWRX-300 SMR technology, facilitating the exchange of insights and best practices [5] - This collaboration is expected to inform Duke Energy's near-term evaluation and development activities for new nuclear technologies, supporting its energy transition goals [5] Group 3: Company Overview and Clean Energy Transition - Duke Energy serves 8.4 million electric customers across several states and has a total energy capacity of 54,800 megawatts [6] - The company is committed to a clean energy transition, targeting net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050 [7]