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From Coal to Clean: The Energy Transition of Duke Energy Corp (NYSE: DUK)

By Patricia Miller

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Duke Energy (DUK), a Fortune 150 company, is actively working towards net-zero emissions by 2050. Learn about its journey from retiring coal assets to investing in advanced clean energy tech.

Charting a Greener Path: Duke Energy Corp’s (NYSE: DUK) Strategic Shift

Duke Energy (NYSE: DUK), one of America's largest energy holding companies and a Fortune 150 company is aggressively pursuing a clean energy transition. Headquartered in Charlotte, N.C., Duke Energy provides electricity to 8.2 million customers across six states and supplies natural gas to 1.6 million customers in five states.

Under the leadership of CEO Lynn Good, Duke Energy is focused on pivoting towards cleaner energy, recognizing the business opportunity in renewables. The company has been actively working towards emission reduction targets, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has already increased its power generation from renewable sources from 1% in 2005 to 8% presently, with an aim to reach 27% by 2030​.

As part of this transition, Duke Energy is diversifying its energy sources, investing in renewables, battery technologies, and natural gas, all while maintaining reliability and affordability. The company also acknowledges the importance of nuclear energy in achieving its emission reduction goals, given its high reliability and carbon-free energy production​.

In addition to renewables and nuclear energy, the company is exploring zero-emission power generation technologies such as hydrogen and advanced nuclear power with storage capability, long-duration energy storage systems, carbon capture and more.

In the transition away from coal, slated to be phased out by 2035, Duke Energy remains committed to supporting the affected communities, possibly through investments in education and job training or by replacing retired coal plants with solar plants or natural gas storage facilities. The company has already reduced its carbon emissions by 45% since 2005, retiring many coal assets in the process​. 

These efforts have not gone unnoticed. Duke Energy was named to Fortune's 2023 "World's Most Admired Companies" list and Forbes' "World's Best Employers" list. 

FactSet analysts have a consensus Overweight rating on Duke Energy stock with a target share price of $108.85.

Addressing Europe’s Energy Dilemma

Investing opportunities abound, but it’s the undiscovered emerging players that hold the greatest growth potential. MCF Energy is an under-the-radar junior energy stock with major-league backing.

MCF Energy is working diligently to address the pressing need for energy security within Europe, focusing on unlocking the potential of natural gas resources within the region. 

At MCF Energy’s helm is a renowned and accomplished team with a strong track record in European energy and capital markets.

James Hill, Ford Nicholson, General Wesley Clark (former NATO Supreme Allied Commander), and Frank Giustra (prominent investor and entrepreneur) instill investor confidence in MCF Energy's ability to achieve its goals.

With their exceptional track record in the European energy markets, robust financial backing, industry expertise, resilient leadership skills, and extensive experience, this team provides a solid foundation for the company.

It has acquired top-tier assets in Austria and Germany with a high-caliber technical team combing the region for more.

Europe's heavy reliance on Russian energy imports has caused it to overlook its own valuable resources for many years. But the conflict has significantly shifted the landscape, forcing Europe to reassess its energy sources. Now, MCF Energy is stepping up to help.

The company aims to become a leading energy provider in Europe, driving economic growth and promoting a more sustainable energy future for generations to come. The strong management team and growth potential mean this is a business worth further investigation if you are interested in opportunities in the energy sector.

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