NEW YORK, Sept. 25, 2013 /PRNewswire/ -- Duke Energy and Clemson University today committed at the Clinton Global Initiative to work together to develop new models for generating and distributing electricity.
At the core of the partnership are workforce development initiatives and academic programs that will help develop technology to better manage global electric grid systems.
Together, Duke Energy and Clemson will focus on education and research to develop innovative ways to efficiently and sustainably distribute energy. The partnership will create unique learning opportunities for students and industry researchers, and promote economic growth in South Carolina that revolves around energy systems innovation.
Duke Energy is contributing $5 million to help fund laboratory infrastructure and educational program development and fund a Smart Grid Technology Endowed Chair. Duke Energy employees also will provide the center with ongoing technical expertise and resources.
Clemson University will own and operate the center at the Restoration Institute in North Charleston, S.C. , where engineers are constructing the world's most advanced wind turbine drivetrain testing facility. Clemson's partnership with Duke Energy will expand the testing and research capabilities of this facility.
John Kelly, Clemson University vice president for economic development, said the programmatic component of this initiative is at the core of the partnership.
"This is the perfect example of a U.S corporation and a top public university working together to address a major 21st century issue: the future of the energy distribution system," said Kelly.
"The Duke Energy team looks forward to working side-by-side with Clemson students and researchers from across the world when the facility opens in November," said Clark Gillespy, president of Duke Energy – South Carolina. "Just as this country's original electricity infrastructure was the greatest achievement of the 20th century, the goal of this partnership is to spearhead advances in the generation and distribution of power in the 21st century," Gillespy said.
About Duke Energy
Duke Energy is the largest electric power holding company in the United States with more than $110 billion in total assets. Its regulated utility operations serve approximately 7.2 million electric customers located in six states in the Southeast and Midwest. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.
Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com.
About Clemson University
Ranked No. 21 among national public universities, Clemson University is a major, land-grant, science- and engineering-oriented research university that maintains a strong commitment to teaching and student success. Clemson is an inclusive, student-centered community characterized by high academic standards, a culture of collaboration, school spirit and a competitive drive to excel.
Contact: Tom Williams
Office: 980.373.4743 | 24-Hour: 800.559.3853
Contact: (Clemson University) Peter Hull
Office: 843.730.5073 | 24-Hour: 843.209.8341
SOURCE Duke Energy
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