Duke Energy’s Renewable Plant Power Production (GWh) (2016-2022)

This statistic highlights Duke Energy’s Renewable Plant Power Production (GWH), reported quarterly from Q1 2016 onwards.

Duke Energy’s Renewable Plant Power Production (GWh):

In Q3 2022, Duke Energy had approximately $2,742 billion in revenue from Renewable Plant Production (GWh)- Commercial Renewables which increased by 7% year-over-year growth as compared to Q3 2021.

Renewable Plant Production (GWh)- Commercial Renewables

Renewable plant production of Duke Energy refers to the amount of electricity generated by renewable energy sources, measured in gigawatt-hours (GWh). This metric indicates the total energy output from renewable power plants over a specific period, typically a year. Commercial renewable refers to renewable energy sources used for commercial purposes, such as generating electricity for businesses, industries, and other non-residential consumers.

These commercial renewables include sources like:

Wind Energy

The company has invested in various wind energy projects across its service territories. Wind farms consist of multiple wind turbines that convert the kinetic energy of the wind into electrical energy. These turbines are usually placed in areas with consistent and strong wind patterns. The rotation of the wind turbine’s blades drives a generator, producing electricity. The electricity generated is then fed into the power grid to meet the energy demands of Duke Energy’s customers.

Solar Energy

Duke Energy has also been investing in solar energy projects. Solar power involves the conversion of sunlight into electricity using photovoltaic panels. These panels contain solar cells that generate direct current electricity when exposed to sunlight. In solar power plants, large arrays of Photovoltaic panels are installed, and the generated electricity is converted to alternating current and fed into the grid.

Hydroelectric Power

The company operates several hydroelectric power plants across its service territories. Hydroelectric power is generated by harnessing the energy of flowing or falling water. The force of the water rotates turbines, which are connected to generators, producing electricity.

Biomass Power

Biomass energy is derived from organic materials such as wood, agricultural residues, or dedicated energy crops. Biomass power plants burn these materials to produce steam, which drives a turbine connected to a generator.

About Duke Energy

Duke Energy Corporation is a leading electric power holding company in the United States. It was established in 1904 and is headquartered in Charlotte, North Carolina. It serves around 7.9 million electric customers and 1.6 million natural gas customers across multiple states in the United States. The company generates electricity from various sources, including coal, natural gas, nuclear, hydroelectric, and renewable energy.

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