StockNews.AI
DUK
StockNews.AI
117 days

Duke Energy Foundation commits $500,000 to support local environmental impact programs across North Carolina

1. Duke Energy Foundation commits $500,000 for environmental impact programs in North Carolina. 2. Grants up to $25,000 are available for eligible nonprofit organizations. 3. Funding focuses on natural environments, community resilience, and biodiversity support. 4. Foundation has funded over 50 environmental initiatives in the past two years. 5. Duke Energy reports significant investments in cleaner energy and grid upgrades.

5m saved
Insight
Article

FAQ

Why Bullish?

The funding commitment reflects Duke's commitment to sustainability and community wellbeing, potentially enhancing its corporate image and customer loyalty, which may positively influence stock price. Historically, sustainable initiatives have attracted investors and boosted market performance for energy companies.

How important is it?

The funding initiative exemplifies Duke Energy's commitment to corporate social responsibility, which may attract socially conscious investors and bolster its market position.

Why Long Term?

By fostering community support and environmental stewardship, Duke Energy could see enhanced reputational benefits over time, possibly leading to higher customer retention and future revenue growth.

Related Companies

NEEAEPPEG
Applications for funding will be accepted through June 30 for eligible nonprofit organizations , /PRNewswire/ -- Duke Energy Foundation today announced a commitment of $500,000 in new funding designed to support local environmental impact programs across North Carolina. How it works: Eligible organizations can now apply for grants of up to $25,000. Applications are live on Duke Energy Foundation's website and will remain open until Monday, June 30, at 5 p.m.  The impact: The funding will support programs focused on improving natural environments, enhancing community resilience, promoting land conservation, advancing clean water initiatives and supporting biodiversity. "We are proud to support initiatives that enhance our natural surroundings and bolster community resilience," said Kendal Bowman, Duke Energy's North Carolina president. "Our goal is to contribute to the well-being of the communities we serve by partnering with organizations which recognize that North Carolina's natural environment is one of our most important assets." Looking back: During the past two years, the Foundation has provided funding to more than 50 environmental impact initiatives in North Carolina. Examples of recent collaborations include coastal restoration work, wildlife habitat rehabilitation and local environmental science educational programs. Duke Energy Foundation Duke Energy Foundation provides more than $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders. Duke Energy Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage. More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition. Contact: Garrett Poorman 24-Hour: 800.559.3853 Twitter: @DukeEnergyNC SOURCE Duke Energy WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News