Duke Energy is on track to meet many of its sustainability goals initially established in 2007. The utility company’s 2008-2009 Sustainability Report indicates improvements in reducing CO2 emissions, sourcing renewable energy and cutting electricity usage.
Key environmental metrics in the 48-page report show Duke’s progress in sustainability goals. Projects implemented in 2007 and 2008 have avoided an estimated 712,000 tons of C02 emissions through the end of 2008. The NOx emission rate was 18 percent lower and the SO2 emission rate was 50 percent lower in 2008 compared to 2006. The company’s goal is to reduce or avoid 10 million tons of CO2 equivalents between 2007 and 2015.
Headquartered in Charlotte, N.C., Duke Energy also had over 5,000 megawatts (MW) of wind energy under potential development in 14 states with nearly 400 MW of operating capacity by the end of 2008. The company also entered into an agreement to purchase the output of a large photovoltaic solar farm to be built in N.C., and launched ADAGE, a joint-venture with AREVA to develop biomass power.
The utility company is also on track to reduce electricity consumption by 10 percent at 13 of its largest commercial buildings by 2012 compared to the 2005-2007 average.
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