Duke Energy unveils community-inspired public art at new corporate headquarters Duke Energy

Table Of Content

• Company will vacate several Charlotte area buildings and consolidate into the new Duke Energy Plaza.
• Public art installations inspired by Duke Energy’s clean energy mission and reflect vibrant history of uptown Charlotte
• Home Design Trends in Charlotte Real Estate
• Supporting good causes is a family affair for the Echevarrias
• Scissors & Scotch Brings the Ultimate Men's Grooming Experience to Charlotte
• Rates include upgrades to make the grid more resilient and shorten the duration of outages

At the same time, the economy of the Triangle, which had the country’s largest corporate research park, took off as research and tech companies grew. In 2001, the Research Triangle and the Triad had roughly the same economic output; by 2021, the two had diverged. Both regions gained population, but the Triangle grew faster, buoyed by growing numbers of college-educated workers. Duke Energy will also refer CAP customers to weatherization and energy efficiency services that can help provide long-term solutions to reduce energy usage. Duke Energy shareholders are contributing an additional $6 million to the Share the Light Fund in support of North Carolina customers. This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

Company will vacate several Charlotte area buildings and consolidate into the new Duke Energy Plaza.

Buyers plan apartments, shops at two former Duke Energy buildings uptown - WFAE

Buyers plan apartments, shops at two former Duke Energy buildings uptown.

Posted: Mon, 19 Dec 2022 08:00:00 GMT [source]

The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. In addition, the company is investing in major electric grid enhancements, energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own approximately 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Public art installations inspired by Duke Energy’s clean energy mission and reflect vibrant history of uptown Charlotte

– Duke Energy today announced that three public art installations will be constructed at the company’s new headquarters in uptown Charlotte – the Duke Energy Plaza – to celebrate the city and company’s mission. The works of art will be freely accessible to the public and emphasize the company’s commitment to powering the vitality of its communities. Wachovia was to occupy 450,000 square feet (42,000 m2)[7] of the 1.5 million square feet (140,000 m2) tower. The third floor would have been occupied by training areas during the day and classrooms at night.

Home Design Trends in Charlotte Real Estate

Spokesperson Neil Nissan said the company is adopting a new flexible workplace model built on lessons learned during the pandemic. The company is adopting a new workplace model where some office employees will work onsite or remotely full-time, but the majority of office employees will have a hybrid schedule where they will split time between working in the office and working remotely. But for others in the Triad, particularly in more rural parts like Liberty, the transition could prove more challenging.

South Tryon

Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to operate or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear.

Supporting good causes is a family affair for the Echevarrias

Anthony Clarke, the president of Guilford Tech, said the arrival of Toyota — with the promise of high-paying jobs — had boosted interest in the school’s programs. In downtown Winston-Salem, old cigarette factories have become the Wake Forest Innovation Quarter, a research-focused district that cost more than $500 million. In Greensboro, one of the city’s oldest textile mills has been converted into a mixed-use complex, with amenities like a pizzeria to go along with office space. Like many states, North Carolina has drawn on new federal and state incentives to attract more advanced manufacturing and clean technology businesses. And the Triad, built on the tobacco, textile and furniture industries, is trying to pivot toward advanced manufacturing, offering a potential blueprint to other regions whose economic engines sputtered with globalization and the rise of automation.

Scissors & Scotch Brings the Ultimate Men's Grooming Experience to Charlotte

Together, the sculpture and video are designed to capture the movement of time and light, creating an immersive experience for employees and visitors alike. The new real estate plan continues the company’s efforts to best house its approximately 6,000 employees and contractors in Charlotte to continue delivering affordable, reliable and increasingly clean energy, as well as customer-focused products and services. After a thorough review of the company’s current and future real estate needs in Uptown, the company also plans to exit the Duke Energy Center located at 550 South Tryon Street and Piedmont Town Center in South Park. Once the new tower is complete, the company plans to sell its 526 Church Street and 401 College Street facilities and exit 400 South Tryon Street. The plan will consolidate the space the company occupies in the Charlotte area over the next several years with the goal of reducing its footprint from approximately 2.5 million square feet to approximately 1 million square feet.

Duke Energy’s future uptown HQ gets a new name as company looks to cut back on space - Charlotte Observer

Duke Energy’s future uptown HQ gets a new name as company looks to cut back on space.

Posted: Tue, 18 May 2021 07:00:00 GMT [source]

Rates include upgrades to make the grid more resilient and shorten the duration of outages

Ivan Toth Depeña is an artist currently based in Charlotte, NC, after having lived and worked in Miami, FL and New York, NY. With a master’s degree in Architecture from Harvard University’s Graduate School of Design, Depeña’s artistic production is informed by his experience in art, architecture, technology and design, and encompasses a range of media. Depeña pursues the intersection between different disciplines with the aim of choreographing the moment when these aspects come together seamlessly. Using traditional avenues such as drawing, painting and sculpture then interweaving interactivity/responsiveness, video, light and high-tech methods of fabrication, Depeña explores the fine line between chance and intention. "Some employees will be working on site. Some will be working remotely full-time. But the majority of our office employees will have a hybrid schedule, where they're going to be splitting time between the office and working remotely," Nissan said. "And because of that, we're able to really reduce the amount of space that's required for our employees."

According to the Edison Electric Institute, the national monthly average for typical residential customers was $171.67 as of Jan. 1, 2023, before other utilities go through their own rate adjustments. Hodges Taylor is Charlotte’s longest-running gallery and consulting firm, founded in 1980. The women-owned gallery focuses on promoting Southeastern artists in a range of mediums and curating and presenting artists who share in common the power to spark curiosity, conversation, and collaboration. Duke plans to cut its Charlotte office space by about 60%, saving $90 million over five years.

For example, if the Carolina Panthers are playing, the tower lights up blue for Panthers touchdowns. During the ACC Championship Game, whenever a team scores a touchdown, it lights up in that team's color. It is the tallest building in the Levine Center for the Arts (formerly the Wells Fargo Cultural Campus) and the largest building in Charlotte, which will have a 250,000-square-foot (23,000 m2) footprint. Rock that was blasted for the parking structure is being recycled by hauling it to a local quarry, where it will be crushed for gravel. Economic development leaders and elected officials have cited the area’s affordability as a draw for companies and workers alike, particularly as housing costs have skyrocketed nationally.

The company expects this decision will result in $85-$90 million in savings over the next five years, which will benefit customers. The company is always focused on running the business in the most efficient way possible to benefit customers and maximize shareholder value. Devante Cuthbertson, 28, grew up in Greensboro and was working for a flooring company around 30 minutes away as a machine operator, but he left that job in 2023 to join the apprenticeship program at Guilford Tech. There, he takes classes twice a week and goes to the Toyota battery plant site three times a week for an apprenticeship program, applying classroom learning about electricity, motor controls and the components of car batteries. One is preparing the region’s workers for jobs that require different skills.

The NCUC ordered Duke Energy Progress to establish a Customer Assistance Program (CAP) that will reduce bills for the utility’s most vulnerable customers through a $42 monthly credit for 12 months. Duke Energy Progress serves about 1.5 million customers in central and eastern North Carolina and in the Asheville region. – The City of Charlotte has become the first municipality to execute a renewable power agreement under Duke Energy’s Green Source Advantage (GSA) program – further expanding solar energy in North Carolina.