Search Results Found For: "Duke Energy"

Duke Energy to invest $25 million in EVSE, battery storage and e-buses

After several months of negotiations, Duke Energy Carolinas has reached a settlement agreement on the utility’s Power/Forward Grid Modernization Plan. The agreement calls for a $25-million investment in EV infrastructure that the Sierra Club calls “unprecedented in the Southeast.” Duke will provide rebates of $750 to about 1,500 residential customers ($4 million total) to install… Read more »

Duke Energy offers 1.5 million to help municipalities develop public charging

Electric utility Duke Energy, which serves some 7 million customers in several Midwestern and Southern states, plans to provide $1 million to help cities and towns develop public charging stations for residents. Duke’s EV Charging Infrastructure Support Project will pay 100% of costs, up to $5,000 per charge port, $20,000 per site, or $50,000 per… Read more »

Siemens and Duke Energy demonstrate smart-grid-capable EVSE

As gains in energy efficiency and the plummeting cost of home-generated solar power threaten to shrink their revenues, some electric utilities seem to see EVs as a source of future demand for centrally-generated power. A case in point is Duke Energy, which, while leading the charge against efficiency and solar in its Florida service area,… Read more »

JR Energy Solution opens foundry in Korea to make electrodes using Enevate’s silicon battery tech

JR Energy Solution (JR ES) has opened an electrode foundry in South Korea to make electrodes using Enevate‘s silicon-dominant battery technology. JR ES manufactures lithium-ion battery electrodes and offers battery cell makers and other partners custom electrodes and cell solutions. Enevate claims its silicon-dominant battery enables charging speeds up to 10 times faster than those… Read more »

Stellantis and LG Energy Solution name CEO for battery joint venture

Stellantis and LG Energy Solution have named their new joint venture battery company NextStar Energy, and have appointed Danies Lee as CEO. Based on Stellantis and LG’s plan to invest $3.87 billion in setting up production, NextStar Energy will begin constructing a lithium-ion battery production plant in Windsor, Ontario later in 2022. Stellantis says production… Read more »

V2G value propositions: Fermata Energy is focused on building financially viable solutions for vehicle-to-grid

David Slutzky, an accomplished entrepreneur, has an eclectic background. In addition to having founded several successful companies, he’s served as a local elected official as well as a Senior Policy Advisor in the Clinton White House and the EPA. He’s been teaching at the University of Virginia for some time, on the Commerce, Architecture and… Read more »

Electric truck maker Workhorse secures $35 million in new financing, works with Duke on battery leasing program

Workhorse Group (NASDAQ: WKHS), which manufactures electric delivery vans for UPS, FedEx and other fleet operators, has secured $35 million in new financing from Marathon Asset Management. Workhorse will use the proceeds to repay a July 2018 round of senior secured notes, and to acquire parts to fulfill customer orders. Marathon will provide the funds… Read more »

Pinellas County, Florida installs DC fast chargers to prepare for electric school buses

Pinellas County, Florida, the home of your favorite EV magazine, will soon be one of the first counties in the state to deploy electric school buses. The Pinellas County School District has (finally) received a $5.5-million grant from the 2016 Dirty Diesel Debacle settlement with Volkswagen. School districts in Broward, Manatee, Miami-Dade, Orange, Palm Beach… Read more »