Duke Signs MOU With China Huaneng Group to Pursue Renewable Energy Technologies

Duke Energy plans to explore a variety of renewable and other clean-energy technologies with China Huaneng Group, China’s biggest electric utility, as part of a Memorandum of Understanding signed this week in Beijing. The MOU encompasses high-level discussions and information-sharing on a number of renewable and clean-energy fronts.

Under the MOU, top executives from both Duke Energy and China Huaneng Group will launch a series of meetings to exchange information and explore potential long-term cooperative initiatives to reduce coal plant emissions and develop other renewable sources of electricity generation.

“We find ourselves at a pivotal point in world history,” said Jim Rogers, Duke Energy’s CEO. “To deal with global warming requires rapid action from all of us, and clearly China Huaneng Group and Duke Energy are playing a leadership role on this issue. China has committed to rapidly developing clean-energy technologies, as has the U.S. Working together, the U.S. and China can commercialize and drive down the cost of these technologies for the benefit of the entire world.”

Duke Energy is a utility that is active is the U.S. renewable energy, and specifically wind, market. Through its deregulated arm, Duke Energy Generation Services, the company has developed more than 375 megawatts (MW) of wind projects and 35 MW of biomass fired generation.

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