Amazon AWS: Duke Energy, Amazon, Google, Microsoft, and Nucor sign MoU for renewable energy

Jun 01, 2024 | Posted by Abdul-Rahman Oladimeji

Duke Energy, Amazon, Google, Microsoft, and Nucor have signed a Memorandum of Understanding (MoU) for renewable energy development in North and South Carolina.

This new MoU called "Accelerating Clean Energy" (ACE) tariffs, would help the companies to support carbon-free energy generation investments through financing structures that lower the cost of emerging technologies such as nuclear power and long-duration storage.

Lon Huber, SVP of pricing and customer solutions at Duke Energy said: "In this new era of large-scale energy demand, Duke Energy is committed to working with our regulators and customers to find innovative and responsible ways to satisfy the growing need for more and cleaner energy. With the help of companies like Amazon, Google, Microsoft and Nucor, we can accelerate our service of large customer needs and the transition to cleaner energy, while reducing financial risks and supporting economic development in our communities."

The tariffs would, according to the companies, "facilitate beneficial on-site generation at customer facilities, participation in load flexibility programs and investments in clean energy assets – features attractive to customers with large-scale energy needs."