Duke Energy Plans To Invest $500 Million In Energy Storage

By Frank Andorka By Frank Andorka, Senior Correspondent

It may not seem like much. After all, it only works out to 37.5 MWh per year. But Duke Energy’s decision to invest $500 million for energy storage in conjunction with its solar portfolio in the Carolinas is still big, given the utility’s ongoing love/hate relationship with solar energy.
The investment will take place over 15 years and will increase battery capacity in North Carolina from its current 15 MW capacity and in South Carolina, well – right now you need a microscope to see its battery storage, so any increase would be immense.

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