Duke Energy Enters Into Amazon Cloud Deal

Duke Energy Enters Into Amazon Cloud Deal - Medium

Duke Energy Corp.

said it has signed a three-year deal with


com Inc.’s cloud-computing unit as the electric power and natural gas holding company aims to advance its power grid improvements and clean energy goals.

Charlotte, N.C.-based Duke will use Amazon Web Services to run applications that predict electricity needs on its power grid, and where and how the grid should be updated to meet those needs. The companies declined to comment on financial terms of the deal, announced on Thursday.

Duke aims to become carbon neutral by 2050, and of its $145 billion in capital projects over the next decade, about $75 billion will go to grid modernization, said Bonnie Titone, the company’s chief information officer.  

The power producer is seeking approval for a plan filed in May with North Carolina regulators detailing how it would cut greenhouse gas…

Continue Reading →

This article was written by and originally published on www.wsj.com