Duke Energy Foundation invests $180,000 in workforce training to support growth across South Carolina

Duke Energy (NYSE: DUK), through the Duke Energy Foundation, is investing $180,000 in workforce training across South Carolina by awarding nine technical and community colleges grants of $20,000 each.

Rhea-AI Summary

Duke Energy (NYSE: DUK), through the Duke Energy Foundation, is investing $180,000 in workforce training across South Carolina by awarding nine technical and community colleges grants of $20,000 each. The funding will support construction-related training, welding tools, electrician program supplies and other hands-on learning that aligns with high-demand skilled trades.

According to Duke Energy, the initiative aims to help meet labor needs for projects such as its planned natural gas facility in Anderson County, which is expected to require potentially thousands of skilled trade workers. Since 2016, the Foundation has invested $5.4 million in similar workforce initiatives in the state.

News Explained

The Foundation says it is funded by Duke Energy shareholders, making the $180,000 grant allocation shareholder-funded philanthropy; the release does not disclose a new debt, equity issuance or ownership change for common holders.

Argus Aug 31 session

-0.30% close to close Open Argus

Details

News Market Reaction – DUK

On Aug 31, the day this news came out, DUK closed 0.30% below the previous close.

Data tracked by StockTitan Argus for the Aug 31 session.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

• Grants aim to help address labor needs by training technical college students to help meet demand as state continues to grow

GREENVILLE, S.C., Aug. 31, 2026 /PRNewswire/ -- Meeting the demands of South Carolina's continued growth will require more than new infrastructure. It will require a skilled workforce ready to build it.

To help strengthen that talent pipeline, Duke Energy Foundation is awarding $180,000 in grants to nine technical colleges across the state to expand construction-related training, enhance hands-on learning opportunities and support industry-recognized certifications in high-demand fields.

Our view: "Projects like our new natural gas facility in Anderson County will help power South Carolina's growth while creating good jobs in the communities we serve," said Tim Pearson, Duke Energy South Carolina president. "The construction of that facility over the next few years will need potentially thousands of highly skilled trade workers to complete, and these grants will help ensure local students and workers are prepared to compete for those opportunities."

Where the money goes: Each of these schools received a $20,000 grant that supports workforce training programs, welding tools, materials and supplies for electrician programs and more. You can find a full list of projects here.

• Central Carolina Technical College
• Florence-Darlington Technical College
• Greenville Technical College
• Northeastern Technical College
• Piedmont Technical College
• Spartanburg Community College
• Tri-County Technical College
• Williamsburg Technical College
• York Technical College

Positive response:

Dr. Debbie Cheek, Florence-Darlington Technical College interim president: "Florence-Darlington Technical College is grateful to have Duke Energy as a partner providing funds for our Electrician Program. Construction is one of the fastest growing sectors in the Pee Dee, yet nearly half of construction firms cite labor shortages as the leading cause of project delays. SC DEW has recognized 'electricians' as a workforce priority, recognizing the importance of electricians on the workforce now and in the future. With the help of Duke Energy and its support of FDTC's electrician program, we are helping to fill the demand for highly skilled electricians."

Gina Blohm, Greenville Tech Foundation executive director: "We are grateful to the Duke Energy Foundation for its generous support of welding education at Greenville Technical College. This grant helps remove barriers for our welding students, ensuring they have the resources they need to pursue the strong career opportunities available in this high-demand field."

Dr. Michael Mikota, Spartanburg Community College president: "This investment from the Duke Energy Foundation represents more than new equipment – it represents new opportunities for students and for the future workforce in Union County. By expanding access to high-quality technical education closer to home, we are helping students explore rewarding careers while building the skilled workforce our region's employers need. We are grateful to the Duke Energy Foundation for partnering with us to create lasting opportunities for students and our community."

Since 2016, Duke Energy Foundation has invested $5.4 million in these types of initiatives across South Carolina.

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 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky.

Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.

More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities. 

Media Contact: Catherine Ramirez
24-Hour: 800.559.3853

View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-foundation-invests-180-000-in-workforce-training-to-support-growth-across-south-carolina-302865126.html

SOURCE Duke Energy

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What workforce training investment did Duke Energy (DUK) announce for South Carolina on August 31, 2026?

Duke Energy announced that the Duke Energy Foundation is investing $180,000 in workforce training across South Carolina. According to Duke Energy, the money will be distributed as $20,000 grants to nine technical colleges to support construction-related training, hands-on learning and industry-recognized certifications in high-demand trades.

Which South Carolina technical colleges are receiving Duke Energy (DUK) workforce training grants in 2026?

Nine institutions will receive $20,000 each: Central Carolina, Florence-Darlington, Greenville, Northeastern, Piedmont, Spartanburg Community, Tri-County, Williamsburg and York technical colleges. According to Duke Energy, these grants will fund welding tools, electrician program materials and expanded technical training aligned with local labor needs.

How will Duke Energy’s $180,000 workforce grants support construction and skilled trades in South Carolina?

The $180,000 in grants will fund construction-related training, welding tools and electrician program supplies at nine technical colleges. According to Duke Energy, this support is intended to enhance hands-on learning and help students earn industry-recognized certifications in high-demand fields like construction, welding and electrical trades.

How does Duke Energy’s 2026 South Carolina workforce funding relate to its natural gas facility project?

Duke Energy links the grants to future labor needs for its new natural gas facility in Anderson County. According to Duke Energy, construction of that facility over the next few years may require potentially thousands of skilled trade workers, and the training support aims to prepare local students for such opportunities.

How much has the Duke Energy Foundation invested in South Carolina workforce initiatives since 2016?

Since 2016, the Duke Energy Foundation has invested $5.4 million in workforce-focused initiatives across South Carolina. According to Duke Energy, this long-term commitment includes the latest $180,000 round of grants supporting technical college programs that train students for high-demand, skilled trade and construction-related careers.

What is the annual philanthropic giving of the Duke Energy Foundation that funds initiatives like the 2026 South Carolina grants?

The Duke Energy Foundation provides more than $30 million annually in philanthropic support in communities served by Duke Energy. According to Duke Energy, these funds, supplied by company shareholders, back initiatives such as workforce development, including the 2026 $180,000 investment in South Carolina technical colleges.