Duke Energy Announces Plans To Build And Operate The Nation's First System Capable Of Producing, Storing And Combusting 100% Green Hydrogen In A Combustion Turbine In Florida; Anticipates The System Will Be Installed And Fully Functioning In 2024
Portfolio Pulse from Benzinga Newsdesk
Duke Energy has announced plans to build and operate the first system in the US capable of producing, storing, and combusting 100% green hydrogen in a combustion turbine in Florida. The system, which is expected to be fully operational by 2024, is a collaboration between Duke Energy, Sargent and Lundy, and GE Vernova. The system will be located at Duke Energy Florida's DeBary plant and will use the existing 74.5-megawatt DeBary solar plant to provide clean energy for two 1-MW electrolyzer units.
October 27, 2023 | 2:17 pm
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POSITIVE IMPACT
Duke Energy's announcement of the first US system for producing, storing, and combusting 100% green hydrogen could position the company as a leader in the renewable energy sector. The project, expected to be operational by 2024, could enhance the company's reputation and potentially increase its market share.
The announcement of this innovative project could enhance Duke Energy's reputation as a leader in renewable energy. This could attract more investors to the company, potentially driving up its stock price. Additionally, the successful implementation of the project could increase the company's market share in the renewable energy sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100