Duke Energy signs agreements with Amazon, Google, Microsoft for clean energy supply

By Thomson Reuters May 29, 2024 | 10:50 AM

(Reuters) – Duke Energy on Wednesday announced agreements with Amazon, Google, Microsoft and Nucor to support carbon-free energy generation in response to growing data center demand.

In memorandums of understanding (MOUs) signed this month, the companies proposed developing new rate structures, or “tariffs” to reduce the long-term costs of investing in clean energy technologies like new nuclear and long-duration storage through early commitments.

(Reporting by Harshit Verma in Bengaluru)