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Lynn Good
Chairman, President & Chief Executive Officer, Duke Energy Corp

Leader 2 Leader - Lynn Good | North Carolina is Committed to Clean Energy

🎥 Apr 01, 2025 📺 Economic Development Partnership of North Carolina ⏱ 1m 👁 11 views
North Carolina has long been a leader in renewable energy, and its commitment to clean energy is one of the many things that ...
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About Lynn Good

Lynn Good, chair, president and CEO of Duke Energy, has said the company is navigating a period of significant electricity demand growth driven by data centers, artificial intelligence, and the onshoring of U.S. manufacturing. Good stated that Duke Energy sees data center load doubling by 2028 and doubling again by 2030, and described the company as a "growth industry." She said the company is working with large customers such as Amazon, Google, and Microsoft on customized solutions to fuel growth while maintaining affordability and reliability. Good noted that Duke Energy's five-year capital plan has been raised to $83 billion, with a significant portion directed toward grid investment and clean energy. Good has stated that Duke Energy remains committed to a clean energy transition, with goals of net-zero carbon emissions by 2050 and retiring coal by 2035. She said the company is seeing an uptick in natural gas generation to meet near-term demand, which she described as a reflection of the need to maintain reliability while pursuing cleaner energy over time. Good said she does not see Duke Energy restarting coal plants, citing the age of the plants and challenges with the coal supply chain. She has emphasized the importance of nuclear power, noting that 50% of power in the Carolinas comes from nuclear, and said the company is pursuing second license renewals for its nuclear fleet. Good has also called for permitting reform to help build the infrastructure needed for the energy transition.

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Transcript (1 segments)
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Lynn Good0:02
I've been fortunate to be in industries where transformation, change, and continuous learning were a high priority. Part of the vibrancy of North Carolina is delivering and driving change. I think you have the ingredients for change, transformation, addressing climate change resiliency, and Duke is delighted to be a part of that. So I believe North Carolina is very strongly positioned for the clean energy transition. I think about not only the diversity of assets we operate today, being one of the largest nuclear operators, which puts the state in a position where 50% of the power today is carbon free. The fact that the state is strongly recognized for solar capacity, the ability to add storage, to add offshore wind potentially over time, and we would also be a good candidate for hydrogen. So I would look at the potential that the state holds for the clean energy transition and I think it's extraordinary. The academic institutions in North Carolina are terrific in partnering with businesses. This combination of education working with business leaders to create the workforce of the future is where the power lies and what makes North Carolina stronger. I think about the partnership we have with community colleges. As you think about strengthening the grid, not only to accommodate renewables but for resiliency, hurricane response, and other things, having that partnership is a great way for us to work together: state, education, and business. North Carolina is a glorious place to live and work, a state that has everything anyone could want as they think about not only creating a life for their family but also a life for their career and for their business.