Duke Energy Challenge – Internationalisation in the USA

Duke Energy, a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies owning 10.300 megawatts of energy capacity which supplies electricity to nearly 2 million residential, commercial and industrial customers across a 13,000 square mile service area in Florida. They are pursuing an aggressive clean energy transition strategy that involves achieving net zero methane emissions from their natural gas business and at least a 50% carbon reduction from electrical generation by 2030. With this being the case they are investing in major grid enhancements and energy storage and exploring zero-emission power generation technologies such as hydrogen.

This call for solutions is organised by EU Techbridge, a COSME Programme under the European Union, the International Cleantech Network, and the Florida High Tech Corridor.

Which technologies are they looking for?

As part of their sustainability goals Duke Energy is pursuing technologies with:

  • Priority placed on energy generation and energy storage
  • Energy conservation at the consumer level in areas such as smart building energy management technologies

Who can apply to this challenge?

Their target market is residential, commercial & industrial communities and they are seeking a solution provider, ideally, a technology company, which has expertise in electrical engineering (and related fields) who can help them provide a safe and secure solution.
The solution provider preferably has market-ready technologies (high TRL).

Desirable outcome

Achieving net zero methane emissions from their natural gas business and at least a 50% carbon reduction from electrical generation by 2030.

Prize / Money funded

Selected companies will be given the chance to potentially work with Duke Energy to develop and pilot their solution which may result in acquisition.

How to participate

  • Apply by filling out the form: https://bit.ly/3VYZFgY
  • Afterwards, some companies will be selected for 1:1 meetings with Duke Energy to see if the technology can support them in their sustainability transition.

Submission Deadline: 17 February 2023