That report said that the World had to shift to renewables by 2050 or face dramatic changes. The report says that Society as we know it will be destroyed. Everybody went wild. But I prefer to keep things positive. Even Utility Companies are trying to change and Duke is one of the worst.
Duke Energy pegs battery investment at $500M
Duke Energy Corp. expects to spend $500 million over the next 15 years installing more than 300 megawatts worth of storage batteries on its Carolinas grid.
Charlotte-based Duke (NYSE: DUK) released the estimate Wednesday morning, days after proposing its first microgrid project — including a two-megawatt solar farm and a four-megawatt storage battery — for residential and business customers. That will serve the remote mountain town of Hot Springs, on the North Carolina-Tennessee border north of Asheville.
Duke says it plans to expand the use of batteries beyond storing and dispatching of energy. Its long-range plan includes deploying batteries for other purposes such as system balancing, increasing reliability of “end of the line” power supplies and to defer other traditional grid upgrades.
:}
Go there and cheer up. More next week.
:}