Duke Energy to invest US$500 million in battery storage in Carolinas over 15 years

By Conor Ryan
LinkedIn
Twitter
Reddit
Facebook
Email
In total, the $500 million in projects is equal to around 300MW of capacity. Image: Duke Energy

As part of Duke Energy’s efforts to advance battery storage technology within the Carolinas, the company announced US$500 million in projects over the next 15 years within both US states.

Rob Caldwell, president, Duke Energy Renewables and Distributed Energy Technology, said: “Duke Energy is at the forefront of battery energy storage, and our investment could increase as we identify projects that deliver benefits to our customers. Utility-owned and operated projects in North Carolina and South Carolina will include a variety of system benefits that will help improve reliability for our customers and provide significant energy grid support for the region.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

In total, the $500 million in projects is equal to around 300MW of capacity. When adding up battery storage from all utilities, North Carolina has only about 15MW of battery storage capacity in operation, with an even smaller total in South Carolina.

Duke Energy filed for a Certificate of Public Convenience and Necessity with the North Carolina Utilities Commission for a PV project in the Hot Springs community of Madison County as part of a microgrid project that will feature a 2MW PV facility and a 4MW lithium-based battery storage facility.

The Hot Springs project is part Duke Energy's Western Carolinas Modernization Project, which will see the company close a 50-year-old coal-fired power plant in Asheville in 2019, with the site set to be replaced by  a cleaner natural gas-fired plant and distributed energy resources like solar power and battery storage.

Read Next

April 30, 2025
NYSERDA has launched a programme to incentivise residential and retail energy storage in the state, offering a total of US$775 million for energy storage projects.
April 29, 2025
A panel discussed the impact of CAISO’s interconnection reforms at last month’s Energy Storage Summit USA 2025 in Dallas.
April 28, 2025
Flow battery startup Quino Energy and developer Long Hill Energy Partners have been awarded US$10 million in grant funding by the California Energy Commission (CEC) to support a 8MWh flow battery energy storage system (BESS) project in Lancaster, California, US.
April 28, 2025
Trina Storage has partnered with system integrator FlexGen on a 371MWh battery energy storage system (BESS) project for developer SMT Energy in Houston, Texas, US.    
Premium
April 25, 2025
ESN Premium speaks with Travis Torrey, CTO of Storion Energy on tariffs, vanadium supply chains and costs.

Most Popular

Email Newsletter