Fourth Quarter 2023 Earnings Review and Business Update slide image

Fourth Quarter 2023 Earnings Review and Business Update

Emerging technology advancements ENERGY STORAGE Testing EnerVenue nickel hydrogen battery, EOS Gen 3 zinc battery, and GKN hydrogen storage unit at Duke Energy's Emerging Technology and Innovation Center in North Carolina Deploying 100 residential Generac batteries in Florida to perform peak shaving and provide customers back up power Researching and developing multiple megawatt-scale, non-lithium long duration (8+ hours) energy storage projects in the Carolinas and Florida, including a storage system pilot in North Florida that has transitioned to construction ADVANCED NUCLEAR HYDROGEN ☐ Selected the Belews Creek site in North Carolina for development of our first early site permit (ESP) application and started work on the two-year process to develop the ESP application Continued working with multiple advanced nuclear vendors to support a technology selection in 2025 Continued providing consulting and advisory in-kind services to the TerraPower Natrium project ☐ ☐ First-ever, commercial operation of a gas turbine on 100% green hydrogen at the DeBary, Florida peaking power plant as part of Vision Florida investment When operational in 2024, the new hydrogen system will provide peak power to Duke's customers at times of increased electricity demand DUKE ENERGY. DUKE ENERGY. FOURTH QUARTER 2023 EARNINGS REVIEW AND BUSINESS UPDATE // 19
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