| Contact Industries Company News Careers Safety Shop Search News How Duke Energy Plans to Reduce Its Use of Fossil Fuels How Duke Energy Plans to Reduce Its Use of Fossil Fuels Duke Energy will test a new battery technology that can store and discharge electricity by using renewable sources like solar and wind. Duke Energy is working to reduce its carbon emissions by 50% compared to 2005 levels by 2030. And by 2050, the utilities company hopes to achieve net-zero carbon emissions. Here’s one way it plans to help reach its goals – by testing a new solution for energy storage to lower costs and reduce carbon emissions. What: Duke Energy will test a new flow battery technology at one of its facilities as a sustainable solution for long-duration energy storage: a fast-growing market that’s estimated to reach $13.7 billion by 2030. How it works: Developed by Honeywell, the new flow battery technology is a sustainable solution to storing energy. Made with recyclable components, the battery works with renewable generation sources and can store and discharge electricity for up to 12 hours – exceeding the duration of lithium-ion batteries, which can only discharge up to 4 hours. The impact: If implemented at scale, the new battery technology will help Duke Energy reduce its use of fossil-fuel power plants by using solar and wind. When: Duke Energy in 2022 plans to begin testing a 400-kilowatt-hour (kWh) flow battery unit in its Emerging Technology and Innovation Center in Mount Holly, North Carolina. Learn more: Read about making your business more sustainable and more innovations that are helping to protect the planet. ENERGY SUSTAINABILITY RELATED CONTENT Why Is Methane Bad? The Future of Plastics: Reclaim, Recycle, Repeat Taking Off Soon: A New Kind of Sustainable Aviation Fuel (SAF) WHAT WE DO Honeywell Forge Our Industries Our Products Quantum Solutions INDUSTRIES Aerospace Buildings & Cities Chemicals & Materials Health Care Industrial & Manufacturing Retail Safety Supply Chain COMPANY About Us History Investors Leadership Inclusion & Diversity NEWS News Press & Media CAREERS Careers Job Search CONTACT US Support Business Inquiries Employee Access FOLLOW US LinkedIn Facebook Twitter YouTube Instagram Scroll to top Copyright © 2021 Honeywell International Inc. Terms & Conditions Privacy Statement Applicant Privacy Notice Do Not Sell My Personal Information Cookie Notice Global Unsubscribe United States - English We use cookies to improve website performance, facilitate information sharing on social media and offer advertising tailored to your interests. For more information, see ourPrivacy Statement. You can also customize your browser’s cookie settings. Please note that if you refuse cookies, it may affect site functionality and performance. Manage Cookies Reject All Accept All