Duke Energy Joins Careers Electric Coalition for Workforce Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: PRnewswire
- New Workforce Coalition: Duke Energy has joined the newly formed Careers Electric coalition, aimed at addressing the skilled trades workforce shortage in the U.S., particularly in North Carolina, where electrical careers are projected to grow by approximately 10% over the next decade.
- Training and Job Alignment: The coalition will facilitate connections between training programs and real-world job opportunities, ensuring that these programs align with industry needs, with a specific focus on commercial electricians to meet rising demand.
- Strategic Partnerships: Duke Energy collaborates with industry leaders such as ABB, Amazon Web Services, JetZero, Hitachi Energy, and Siemens, alongside workforce development organizations and education leaders to scale proven training models nationwide.
- Energy Modernization Strategy: Duke Energy is executing an energy modernization strategy that involves investing in electric grid upgrades and efficient generation resources to enhance system capacity and meet growing energy demands while keeping customer value at the forefront.
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Analyst Views on DUK
Wall Street analysts forecast DUK stock price to rise
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 125.040
Low
115.00
Averages
132.09
High
146.00
Current: 125.040
Low
115.00
Averages
132.09
High
146.00
About DUK
Duke Energy Corporation is an energy-holding company. The Company's segments include Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). EU&I segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. EU&I provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 8.7 million customers within the Southeast and Midwest regions of the U.S. GU&I segment conducts natural gas operations primarily through the regulated public utilities of Piedmont, Duke Energy Ohio and Duke Energy Kentucky. GU&I serves residential, commercial, industrial and power generation natural gas customers, including customers served by municipalities who are wholesale customers. It also purchases a diverse portfolio of transportation and storage services from interstate pipelines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Duke Energy Joins Careers Electric Coalition for Workforce Development
- New Workforce Coalition: Duke Energy has joined the newly formed Careers Electric coalition, aimed at addressing the skilled trades workforce shortage in the U.S., particularly in North Carolina, where electrical careers are projected to grow by approximately 10% over the next decade.
- Training and Job Alignment: The coalition will facilitate connections between training programs and real-world job opportunities, ensuring that these programs align with industry needs, with a specific focus on commercial electricians to meet rising demand.
- Strategic Partnerships: Duke Energy collaborates with industry leaders such as ABB, Amazon Web Services, JetZero, Hitachi Energy, and Siemens, alongside workforce development organizations and education leaders to scale proven training models nationwide.
- Energy Modernization Strategy: Duke Energy is executing an energy modernization strategy that involves investing in electric grid upgrades and efficient generation resources to enhance system capacity and meet growing energy demands while keeping customer value at the forefront.
See More
Duke Energy Joins Careers Electric Coalition to Train 25,000 Workers
- Training Initiative: Duke Energy has joined the Careers Electric coalition, aiming to train 25,000 workers over the next decade to address the skills gap caused by accelerating electrification, thereby creating stable, well-paying career pathways in North Carolina.
- Industry Partnerships: By partnering with companies like Zachry Group, Duke Energy will provide clearer pathways from training to job opportunities, particularly in the commercial electrician sector, where demand is rapidly increasing.
- Funding Support: The Duke Energy Foundation has contributed over $6 million in the past five years to support community colleges and workforce programs, enhancing the energy workforce pipeline and ensuring alignment with industry needs.
- Local Expansion Plans: The coalition will promote new or expanded programs near Duke Energy construction sites to better align workforce supply with regional demand, ensuring the sustainable development of electrical careers.
See More
Duke Energy Offers Summer Energy Saving Tips
- Heat Advisory: High temperatures are forecasted across the Carolinas this weekend and next week, prompting Duke Energy to advise customers on managing energy use to maintain home comfort.
- Energy Saving Programs: Duke Energy offers various savings programs and incentives to help customers effectively manage energy consumption during the hot summer months, potentially reducing their electricity bills.
- Customer Base: As one of America's largest energy holding companies, Duke Energy serves 8.7 million customers across North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, with a total energy capacity of 55,700 megawatts to meet growing energy demands.
- Modernization Strategy: Duke Energy is executing an energy modernization strategy that focuses on electric grid upgrades and investments in efficient generation resources, enhancing system reliability and customer value to address future energy needs.
See More
Duke Energy Offers Summer Energy Saving Tips
- Heat Warning: High temperatures are forecasted to reach the 90s in the Carolinas this weekend and next week, leading to longer cooling system operation times and increased energy consumption, which could impact household expenses.
- Energy Saving Tips: Duke Energy advises setting thermostats to the highest comfortable setting, as even a few degrees can significantly save energy and costs, while also noting that system run times will increase during hotter weather.
- Energy Programs: Customers can sign up for a free Home Energy Assessment to receive a free energy efficiency kit and expert recommendations, helping them identify opportunities to reduce energy usage and costs.
- Smart Device Incentives: Customers can receive credits on their bills by enrolling their smart thermostats in Duke Energy's energy-saving programs, which incentivize shifting energy use to lower demand periods, further reducing electricity expenses.
See More
Duke Energy Secures Nearly $96 Million in Federal Grants for Coal Facilities
- Total Federal Funding: Duke Energy has secured nearly $96 million in federal grants, including support for the East Bend Station and Roxboro Station in North Carolina, highlighting the government's ongoing commitment to investing in coal facilities.
- Funding Details: The newly awarded $61.8 million will be allocated for refurbishment and reliability projects at coal-fired power plants in Kentucky and North Carolina, aimed at enhancing infrastructure to meet surging electricity demand and ensuring reliable energy for customers.
- Cost Control for Customers: Duke Energy plans to utilize these funds for infrastructure upgrades, thereby shielding customers from the full financial impact of the projects, while also projecting $5 billion in future customer savings, which enhances the company's competitive position in the market.
- Policy Context: This funding reflects the Trump administration's supportive policies towards coal infrastructure, although critics argue that such investments may delay the necessary transition to renewable energy sources, illustrating the complexities and challenges of energy policy.
See More
Duke Energy Secures Nearly $96 Million in Federal Grants
- Federal Funding Boost: Duke Energy has secured nearly $96 million in federal grants, including $33.4 million for East Bend Station and $28.4 million for Roxboro Station units 2 and 3, significantly enhancing the reliability and modernization of its coal facilities.
- Addressing Power Demand: The company identified critical components needing maintenance and modernization through competitive grant applications, aiming to swiftly address surging electricity demand across its multi-state territory, thereby improving customer service quality.
- Cost Control for Customers: Duke Energy executives noted that this funding will enable the execution of planned infrastructure upgrades while shielding ratepayers from the full financial impact, with projected future savings of $5 billion for customers.
- Policy Support Context: This funding reflects the Trump administration's ongoing focus on coal infrastructure, and while critics argue it may delay the transition to renewable energy, the company remains committed to enhancing the efficiency of existing coal assets through modernization.
See More
Duke Energy Joins Careers Electric Coalition for Workforce Development
- New Workforce Coalition: Duke Energy has joined the newly formed Careers Electric coalition, aimed at addressing the skilled trades workforce shortage in the U.S., particularly in North Carolina, where electrical careers are projected to grow by approximately 10% over the next decade.
- Training and Job Alignment: The coalition will facilitate connections between training programs and real-world job opportunities, ensuring that these programs align with industry needs, with a specific focus on commercial electricians to meet rising demand.
- Strategic Partnerships: Duke Energy collaborates with industry leaders such as ABB, Amazon Web Services, JetZero, Hitachi Energy, and Siemens, alongside workforce development organizations and education leaders to scale proven training models nationwide.
- Energy Modernization Strategy: Duke Energy is executing an energy modernization strategy that involves investing in electric grid upgrades and efficient generation resources to enhance system capacity and meet growing energy demands while keeping customer value at the forefront.
See More
Duke Energy Joins Careers Electric Coalition to Train 25,000 Workers
- Training Initiative: Duke Energy has joined the Careers Electric coalition, aiming to train 25,000 workers over the next decade to address the skills gap caused by accelerating electrification, thereby creating stable, well-paying career pathways in North Carolina.
- Industry Partnerships: By partnering with companies like Zachry Group, Duke Energy will provide clearer pathways from training to job opportunities, particularly in the commercial electrician sector, where demand is rapidly increasing.
- Funding Support: The Duke Energy Foundation has contributed over $6 million in the past five years to support community colleges and workforce programs, enhancing the energy workforce pipeline and ensuring alignment with industry needs.
- Local Expansion Plans: The coalition will promote new or expanded programs near Duke Energy construction sites to better align workforce supply with regional demand, ensuring the sustainable development of electrical careers.
See More
Duke Energy Offers Summer Energy Saving Tips
- Heat Advisory: High temperatures are forecasted across the Carolinas this weekend and next week, prompting Duke Energy to advise customers on managing energy use to maintain home comfort.
- Energy Saving Programs: Duke Energy offers various savings programs and incentives to help customers effectively manage energy consumption during the hot summer months, potentially reducing their electricity bills.
- Customer Base: As one of America's largest energy holding companies, Duke Energy serves 8.7 million customers across North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, with a total energy capacity of 55,700 megawatts to meet growing energy demands.
- Modernization Strategy: Duke Energy is executing an energy modernization strategy that focuses on electric grid upgrades and investments in efficient generation resources, enhancing system reliability and customer value to address future energy needs.
See More
Duke Energy Offers Summer Energy Saving Tips
- Heat Warning: High temperatures are forecasted to reach the 90s in the Carolinas this weekend and next week, leading to longer cooling system operation times and increased energy consumption, which could impact household expenses.
- Energy Saving Tips: Duke Energy advises setting thermostats to the highest comfortable setting, as even a few degrees can significantly save energy and costs, while also noting that system run times will increase during hotter weather.
- Energy Programs: Customers can sign up for a free Home Energy Assessment to receive a free energy efficiency kit and expert recommendations, helping them identify opportunities to reduce energy usage and costs.
- Smart Device Incentives: Customers can receive credits on their bills by enrolling their smart thermostats in Duke Energy's energy-saving programs, which incentivize shifting energy use to lower demand periods, further reducing electricity expenses.
See More
Duke Energy Secures Nearly $96 Million in Federal Grants for Coal Facilities
- Total Federal Funding: Duke Energy has secured nearly $96 million in federal grants, including support for the East Bend Station and Roxboro Station in North Carolina, highlighting the government's ongoing commitment to investing in coal facilities.
- Funding Details: The newly awarded $61.8 million will be allocated for refurbishment and reliability projects at coal-fired power plants in Kentucky and North Carolina, aimed at enhancing infrastructure to meet surging electricity demand and ensuring reliable energy for customers.
- Cost Control for Customers: Duke Energy plans to utilize these funds for infrastructure upgrades, thereby shielding customers from the full financial impact of the projects, while also projecting $5 billion in future customer savings, which enhances the company's competitive position in the market.
- Policy Context: This funding reflects the Trump administration's supportive policies towards coal infrastructure, although critics argue that such investments may delay the necessary transition to renewable energy sources, illustrating the complexities and challenges of energy policy.
See More
Duke Energy Secures Nearly $96 Million in Federal Grants
- Federal Funding Boost: Duke Energy has secured nearly $96 million in federal grants, including $33.4 million for East Bend Station and $28.4 million for Roxboro Station units 2 and 3, significantly enhancing the reliability and modernization of its coal facilities.
- Addressing Power Demand: The company identified critical components needing maintenance and modernization through competitive grant applications, aiming to swiftly address surging electricity demand across its multi-state territory, thereby improving customer service quality.
- Cost Control for Customers: Duke Energy executives noted that this funding will enable the execution of planned infrastructure upgrades while shielding ratepayers from the full financial impact, with projected future savings of $5 billion for customers.
- Policy Support Context: This funding reflects the Trump administration's ongoing focus on coal infrastructure, and while critics argue it may delay the transition to renewable energy, the company remains committed to enhancing the efficiency of existing coal assets through modernization.
See More
