By ET Bureau - November 25, 2022 1 Mins Read
Duke Energy Corp. said it has signed a three-year deal with Amazon.com Inc.’s cloud-computing unit as the electric power and natural gas holding company aims to advance its power grid improvements and clean energy goals.
The Charlotte, North Carolina-based company will use Amazon Web Services to run programs that forecast how much electricity will be needed on its power grid and where and how to make changes to it to accommodate those needs. The businesses chose not to comment on the deal’s financial details after it was announced.
According to Bonnie Titone, Chief Information Officer of the company, Duke plans to modernize its grid with about USD 75 billion of its USD 145 billion in capital projects over the next ten years in order to achieve carbon neutrality by 2050.
Read More: Duke Energy Enters Into Amazon Cloud Deal
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