DOE selects Duke Energy for $50 million Carolinas grid upgrade project
DUK•Duke Energy was selected for $50 million in DOE funding for transmission upgrades in North and South Carolina. The company plans to invest about $151 million, bringing the project’s total value to more than $200 million.
1. Grid upgrade funding
The project aims to increase grid capacity and reliability in fast-growing areas of North and South Carolina, using advanced conductors and dynamic line ratings. Duke Energy plans to invest about $151 million alongside the $50 million in DOE funding.
