Funded by a Department of Energy grant, the project will evaluate Malta Inc.’s thermal energy storage system as a viable, scalable solution.
Pine Gate is the latest in a string of solar companies to outsource their engineering, procurement, and construction functions to third-party or subsidiary companies.
Two projects, one in North Carolina and the other in Texas, will keep the candy maker on track to cut its emissions by more than 50% by 2030.
The bank is the fourth major corporate buyer to enter the program, with a contract for 58 MW of the Blackburn Solar Project.
The company has also completed its first utility-scale installation, as well as invested millions into community solar projects.
Duke along with community and environmental groups find themselves as unlikely allies as state officials deem a 5 MW installation to be expensive and unnecessary.
The plan would yield $7.2 billion of cost savings, says a filing from the North Carolina Sustainable Energy Association and other groups, in comparison with Duke Energy’s least-cost resource plan.
More than 1.3 GW will be built or owned by the utility across Florida and the Carolinas in the coming years, driven by the company’s Competitive Procurement for Renewable Energy program.
Evaluating the 15-year energy generation plans outlined in the most recent IRPs for both Duke Energy Carolina and Duke Energy Progress, the group takes issue with Duke’s commitment to fossils and lack of renewable additions, among other criteria.
An unpredictable year saw the utility add 5,500 residential and commercial solar systems in North Carolina, contract for the largest floating solar system in the Southeast, and add three major players to the company’s Green Source Advantage program.
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