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
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