Top
image credit: Pixabay

Duke Energy Eyeing Coal Phaseout by 2035

February 17, 2022

Duke Energy, the nation’s largest power producer, will dramatically slash coal generation’s share from the current 22% of total generation to 5% by 2030 and achieve a full phaseout of unabated coal by 2035. The company instead expects to deploy more than $130 billion over the next decade—$63 billion of which it will spend over the next five years—to fund investments in grid modernization and efforts to replace its coal fleet with renewables, natural gas, and emerging technologies.

Read More on Power Magazine