The chairman and chief executive officer of Duke Energy talks about electric vehicles and the utility industry’s transition to renewable energy
What do you see as the biggest challenge in the coming year?
I see the industry focusing on ways that we can transform by making smart investments in the grid and clean energy. And pursuing new technologies like electric vehicles, smart-cities initiatives, battery storage.
How has Duke’s power plant portfolio changed in the past 10 years, and how is it going to change over the next 10?
We’ve retired 47 coal units since 2011. In 2005 we might have been 60 percent coal; we are now down closer to 30 percent. We have also seen an increase in natural gas. It was about 30 percent in 2017.
Do you believe in man-made climate change? What is Duke doing to combat it?
This story is from the December 01, 2018 The Year Ahead 2019 edition of Bloomberg Businessweek Middle East.
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This story is from the December 01, 2018 The Year Ahead 2019 edition of Bloomberg Businessweek Middle East.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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