Duke Energy Corporation (holding Company) · NYSE:DUK
Duke Energy Corporation (holding Company) — Corporate Update (January 2025)
26 slides from Duke Energy Corporation (holding Company)'s corporate update, Jan 30, 2025
Slide 1: Duke Energy Carolinas Collaborative Meeting
Duke Energy Carolinas Collaborative Meeting January 30, 2025
Slide 2: Agenda
Agenda Introductions and Safety Minute Regulatory Update IRA Ongoing Discussion DSM/EE Innovation Program Priorities for 2025 Wrap Up and Scheduling PLEASE NOTE: ALL SLIDES IN THIS PRESENTATION ARE FOR INTERNAL USE ONLY - NOT FOR DISTRIBUTION
Slide 3: Safety
Get the weather forecast. \ A / H Nl T (= [2 : 7 Oe a ae ee DRIVING Check road conditions. ——-—- Call 511 or visit your state’s DOT webpage to check on road conditions. Choose a different route or adjust your travel plans if road conditions are poor. Pack an emergency supply kit. , — - ((c — ; Stock
Slide 4: Regulatory Update
Regulatory Update North Carolina South Carolina LI Multifamily Working Group DEC Filing - E-7 sub xxxx DEC Filing – xxxx-xx-E Program filings To be filed Feb 2025 To be filed March 2025 Program Modifications - SC DEP Filing – E-2 sub xxxx DEP Filing – xxxx-xxx-E To be filed June 2025 To be fil
Slide 5: SC Program Modifications
SC Program Modifications Docket 2024-303-E Detail for 2024-303-E Timeline 33 tariff modifications filed on November 8, 2024 Petition to Intervene deadline: February 6, 2025 Proposed comment schedule – ORS and Intervenor Comment deadline: February 13, 2025 – Duke Energy and other reply comm
Slide 6: IRA Ongoing Discussion Update
IRA Ongoing Discussion Update
Slide 7: IRA Home Energy Rebates and Duke Energy
IRA Home Energy Rebates and Duke Energy North Carolina has launched HOMES and HEAR as of 1/16/25 South Carolina submitted their application and received funds for HOMES and HEAR Duke Energy team has been in regular contact with NC and their implementation vendors to discuss program coordiation
Slide 8: IRA Home Energy Rebates Launched in NC 1/16/25
IRA Home Energy Rebates Launched in NC 1/16/25 Visit EnergySaverNC.org for more details! | 8
Slide 9: North Carolina Eligibility Criteria
North Carolina Eligibility Criteria | 9
Slide 10: North Carolina Eligibility Criteria
North Carolina Eligibility Criteria | 10
Slide 11: DSM/EE Innovation Program
DSM/EE Innovation Program
Slide 12: DSM/EE Innovation Program – NCUC Order Overview
DSM/EE Innovation Program – NCUC Order Overview Submitted through DSM/EE NC Mechanism and approved May 2024 NCUC Order authorizes cost recovery through DSM/EE Rider NC only funding begins in 2025. Provides for cost recovery of up to $1M per year in DEC and $1M per year in DEP DSM/EE Innova
Slide 13: DSM/EE Innovation Program Guidance
DSM/EE Innovation Program Guidance NCUC Directive from May 22, 2024 Order: “. . . utilized by the Company to test and evaluate new energy efficiency technologies and equipment and program designs in a rapid manner.” Innovation Program Approach Identify, evaluate and test DSM/EE technologies an
Slide 14: Overview of Q1 2025 Cohort
Overview of Q1 2025 Cohort Test Name Target Market Type (DSM / EE / Both) Commercial Building Load Optimization Non-industrial Commercial DR and potential energy savings Solutions Customers Smart $aver Emerging and Underutilized Commercial & Industrial EE: ongoing energy savings Technologies custome
Slide 15: 2025 Cohort Budget
2025 Cohort Budget Proposal for Project or Test Proposed 2025 Budget % DEC % DEP Commercial Building Load Optimization 50% 50% Solutions* Smart $aver Emerging and Underutilized 50% 50% Technologies* Multi-Family Savings Persistence 50% 50% Evaluating DR Capabilities of Connected 50% 50% Variable Cap
Slide 16: Technology Adoption Readiness Level (ARL)
Technology Adoption Readiness Level (ARL): Focus of DSM/EE Innovation Program is on Demonstration and Early Deployment Adoption Readiness Levels (ARL) Framework | Department of Energy 16
Slide 17: Commercial Building Load Optimization Solutions
Commercial Building Load Optimization Solutions • Test a new breed of AI-Enabled building control system solutions appropriate to optimize electrical loads for customers with large, complex commercial buildings. Scope • Purpose: determine technical capability, kW reductions, and estimate cost-effect
Slide 18: Smart $aver Emerging and Underutilized Technologies
Smart $aver Emerging and Underutilized Technologies • Test promising new and underutilized technologies that require kWh and kW savings impact analysis before acceptance into Smart $aver Custom/Performance. • Provides 40% of the incremental implementation costs up to $80,000 per customer. • Limited
Slide 19: Multi-Family Savings Persistence
Multi-Family Savings Persistence • Test new tenant engagement approach including but not limited to pre and post deployment communications, marketing, signage and events to educate Multi-Family apartment renters on the energy efficiency measures installed by a third-party vendor, how these benefit t
Slide 20: Evaluating DR Capabilities of Connected Variable Capacity Heat Pumps
Evaluating DR Capabilities of Connected Variable Capacity Heat Pumps • Test OpenADR communication to achieve coincident peak kW demand reductions with a minimum of 20 residential customer-sited Variable Capacity Heat Pumps between DEC and DEP. Validate ability to adjust compressor speed during Scope
Slide 21: Energy Monitoring Hardware/Software Test
Energy Monitoring Hardware/Software Test • Functional testing of energy monitoring hardware and web- based building digitization software at the Mount Holly Emerging Technology Lab to measure accuracy of sub- Scope metering (kW and kWh) and determine potential energy and demand savings achievable by
Slide 22: K-12 ENERGY STAR Student Toolkit
K-12 ENERGY STAR ® Student Toolkit •Utilize the ENERGY STAR® Energy Efficiency Student Toolkit to empower students, staff and building engineers/ facility managers with the tools and resources to jump-start or enhance their school's Scope energy management program and achieve demand (kW) and energy
Slide 23: DSM/EE Innovation Program Process
DSM/EE Innovation Program Process Selection Request Project Proposals* Screen* Proposals Select Tests Prepare to Engage Program Refine Plan, Budget, Partner Stakeholder Regulatory Test Teams Agreement Update Notification Filing Proceed with Identify Test Sites* Monitor* Check & Update Tests Adjust S
Slide 24: Innovation Program (IP) Kick-Off Calendar
Innovation Program (IP) Kick-Off Calendar February/March May 2024 November 2024 2025 May 2025 DSM/EE Innovation Preliminary Tentative IP Notify Carolinas Program Approval Selection notification filing Collaborative date Begin test planning* Review Draft Notify Carolinas Requests Collaborative DEC Ri
Slide 25: 2025 Priorities
2025 Priorities Aid in IRA distributions with SEOs Connecting EE savings to greenhouse gas emissions EM&V Recommendations Renters receiving EE with Duke programs Keep these priorities in mind during the program review Non-Res program development – DR and EE SC Neighborhood Energy Saver p
Slide 26: Wrap Up, Scheduling, Topics for Future Collaborative Meetings
Wrap Up, Scheduling, Topics for Future Collaborative Meetings Carolinas DSM/EE Collaborative - Duke Energy (duke-energy.com)