Duke Energy Tower

Table Of Content

• Since 2022, helped customers access nearly $377 million in financial support
• Officers Killed, 5 Wounded in East Charlotte Shootout
• megawatt solar project planned for Iredell County
• New programs will give customers more control over energy use, support low-income customers
• Scissors & Scotch Brings the Ultimate Men's Grooming Experience to Charlotte
• Floor plans

— Duke Energy today announced that Duke Energy Plaza, the 40-floor office tower currently under construction in Uptown Charlotte, will become the company’s new corporate headquarters. Formerly known as Metro Tower, Duke Energy Plaza will house approximately 4,400 employees and allow the company to reduce its overall real estate footprint in the Charlotte area and reduce costs to benefit customers. Located on the southernmost edge of uptown Charlotte, the Duke Energy Center anchors the Levine Center for the Arts.

Since 2022, helped customers access nearly $377 million in financial support

Wells Fargo has announced it would exit its lease at One Wells Fargo Center at the end of 2021. The company has been consolidating its Charlotte footprint with leasing the entire 300 South Brevard building,[19] expanding their employee space in the building following Duke's departure,[20] and relocating additional employees in Three Wells Fargo Center. Duke Energy Progress, a subsidiary of Duke Energy, owns 12,500 megawatts of energy capacity, supplying electricity to 1.7 million residential, commercial, and industrial customers across a 29,000-square-mile service area in North Carolina and South Carolina.

Officers Killed, 5 Wounded in East Charlotte Shootout

The art consulting firm provides services to both corporate and individual collectors and develops projects that integrate works of art into every aesthetic, environment, and concept. Over its forty-two-year history, the company established an extensive network of relationships with artist partners, reliable vendors, and industry contractors and consistently partners with and supports the arts community. Duke Energy was named to Fortune’s 2023 “World’s Most Admired Companies” list and Forbes’ “World’s Best Employers” list. The Duke Energy News Center contains news releases, fact sheets, photos and videos.

megawatt solar project planned for Iredell County

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.

Duke Energy’s corporate headquarters will be located at the new Duke Energy Plaza beginning in 2023. Until that time, the company will transition into other existing facilities and begin to adopt the new workplace model. Duke Energy continuously reviews all aspects of the business for opportunities to improve and this real estate plan makes the best business sense.

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.

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

Fire at Uptown high-rise: WBTV Investigates missing safety tests - WBTV

Fire at Uptown high-rise: WBTV Investigates missing safety tests.

Posted: Tue, 11 Jul 2023 07:00:00 GMT [source]

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.

Duke Energy to consolidate Uptown Charlotte office space with new building, reaffirming its commitment to Uptown - Duke Energy News Center

Duke Energy to consolidate Uptown Charlotte office space with new building, reaffirming its commitment to Uptown.

Posted: Fri, 07 Dec 2018 08:00:00 GMT [source]

Floor plans

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.

Another first-time aspect of this rate approval is the implementation of performance incentive mechanisms (PIMs). First allowed by North Carolina’s clean energy legislation (HB951), PIMs advance state policy goals through financial incentives and penalties that encourage utility performance in areas of shared interest with customers. The city will partner with Carolina Solar Energy, a North Carolina-based solar energy company, and Ecoplexus, an international solar energy company with offices in Durham, N.C., to build the solar farm, which is expected to be fully operational in 2022. Duke is consolidating much of its real estate holdings and office sites into this single building, projected to be the home of about 4,000 Duke employees. The site was previously home to a surface parking lot on South Tryon Street across from 550 South Tryon, the former Duke Energy Center.

He has exhibited at venues such as the Studio Museum in Harlem, MoMA, the Vitra Design Museum and the Guggenheim in Bilbao, Spain. In addition to an extensive exhibition history; he has spent over a decade creating large-scale installations for a variety of public spaces, including a forth-coming installation at the Charlotte Douglas airport. Affixed to the Brooklyn Village Avenue-facing façade of Duke Energy Plaza will be a three-dimensional mural by Nigerian native and Brooklyn, NY-based artist Olalekan Jeyifous. The piece symbolizes the rich history and cultural heritage of the former Brooklyn neighborhood, a predominantly Black community in Charlotte’s Second Ward that was razed in the city’s “urban renewal” movement in the 1960s and ’70s.

According to Zillow, the average home valuation in the Triad’s three main cities is around $250,000, compared with more than $300,000 for the state as a whole and more than $400,000 in the Triangle. One school offering such training is Guilford Technical Community College, the site of Mr. Cooper’s Greensboro appearance. At the same event, Jill Biden, the first lady, highlighted what she saw as the importance of such programs to enacting President Biden’s economic agenda. In High Point, a hosiery mill sat vacant for decades, opening only for biannual furniture showrooms. But in 2021, a group of local investors joined with the city’s Chamber of Commerce and a local foundation that donated more than $40 million to convert the site to a co-working space, Congdon Yards.

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.

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.