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DOE grants Duke Energy nearly $96M for critical coal plant upgrades in Kentucky and North Carolina

Market News
05 Jun 2026
PRNewsWire
View Source
Bullish
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Duke Energy has been awarded up to $61.8 million in new grants from the U.S. Department of Energy to support refurbishment projects at coal-fired power plants in Kentucky and North Carolina. This funding adds to a previous $34 million grant, bringing total federal support to nearly $96 million. The upgrades aim to maintain operational reliability amid growing energy demand while helping to keep costs down for customers. Duke Energy plans to finalize funding amounts and continue investing in reliable, cost-effective energy solutions for its service areas.

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