Duke Energy invests $500,000 to strengthen storm preparedness across North Carolina

Duke Energy (NYSE: DUK) and the Duke Energy Foundation are awarding $500,000 in grants to strengthen storm preparedness across North Carolina.

Rhea-AI Summary

Duke Energy (NYSE: DUK) and the Duke Energy Foundation are awarding $500,000 in grants to strengthen storm preparedness across North Carolina. Grants of up to $25,000 are available; eligible organizations may apply through April 30, 2026.

This funding supports training, emergency planning, local response collaboration and public education. The Foundation has invested $11.4 million in state preparedness and recovery since 2016 and provides more than $30 million annually in community philanthropic support.

Argus Mar 19 session

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Details

News Market Reaction – DUK

On Mar 19, the day this news came out, DUK closed 0.77% below the previous close.

Data tracked by StockTitan Argus for the Mar 19 session.

Key Figures

Preparedness grants: $500,000 Max grant size: $25,000 Prior NC storm support: $11.4 million +5 more

Preparedness grants

$500,000

New North Carolina storm preparedness and emergency readiness funding

Max grant size

$25,000

Per-organization cap for eligible applicants through April 30, 2026

Prior NC storm support

$11.4 million

Invested in North Carolina storm preparedness and recovery since 2016

Annual philanthropy

More than $30 million

Duke Energy Foundation philanthropic support each year

Electric customers

8.6 million

Electric utility customers served across six U.S. states

Energy capacity

55,100 megawatts

Owned energy capacity across Duke Energy’s electric utilities

Gas customers

1.7 million

Natural gas utility customers in five states

Grant deadline

April 30, 2026

Application cutoff for North Carolina storm preparedness grants

Historical Context

5 past events · Latest: Mar 17

5 events

1. Mar 17

   Clean energy program

   24h Move

   -0.4%

   GSA Express program exceeded initial renewable enrollment targets in North Carolina.

2. Mar 15

   Severe weather advisory

   24h Move

   +0.6%

   Company urged Carolinas customers to prepare for damaging winds and possible tornadoes.

3. Mar 11

   SC preparedness grants

   24h Move

   +0.3%

   Foundation committed $500,000 HERO microgrants to strengthen SC emergency readiness.

4. Mar 10

   SC combination settlement

   24h Move

   -1.1%

   SC settlement on combining utilities projected $2.3 billion customer savings 2027–2040.

5. Mar 10

   NC combination settlement

   24h Move

   -1.1%

   NC stakeholders agreed on combination expected to deliver long-term measurable customer savings.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

megawatts, renewables, energy storage

3 terms

megawatts technical

"collectively own 55,100 megawatts of energy capacity."

A megawatt is a measure of electrical power equal to one million watts, describing how much electricity a plant or device can generate or use at a single moment. Investors use megawatts to compare the size and earning potential of energy projects—larger capacity usually means more electricity to sell—much like comparing the horsepower of engines to judge how much work they can do. Knowing megawatts helps assess scale, revenue potential, and grid impact of energy assets.

renewables technical

"cleaner generation, including natural gas, nuclear, renewables and energy storage."

Renewables are energy sources that are naturally replenished over short time spans—like sunlight, wind, flowing water, and plant-based fuels—used to generate electricity, heat, or fuel. For investors, renewables matter because they represent a shifting energy mix with long-term demand potential, often requiring big upfront investment but offering predictable operating costs and exposure to government policies and incentives; think of them like a rechargeable power supply replacing one-time fuels.

energy storage technical

"cleaner generation, including natural gas, nuclear, renewables and energy storage."

Energy storage involves capturing and holding excess energy produced during periods of low demand for later use when demand is higher. Think of it like a rechargeable battery that saves power for when it’s needed most. For investors, energy storage is important because it helps balance supply and demand, making energy systems more reliable and efficient, which can influence the value of energy-related assets and technologies.

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

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• Funding will help communities better prepare for severe weather, natural disasters and emergency response challenges
• Local nonprofit and government organizations can apply by April 30

CHARLOTTE, N.C., March 19, 2026 /PRNewswire/ -- Duke Energy Foundation is awarding $500,000 in grants to support local storm preparedness and emergency readiness initiatives across North Carolina.

What's new: Funding will help organizations bolster natural disaster readiness through:

• Community preparedness training
• Emergency planning
• Local response collaboration
• Public education initiatives designed to help residents prepare for severe weather

Why it matters: North Carolina continues to face increasingly frequent and severe storms. These grants help ensure communities have the training, coordination and resources needed to prepare, respond and recover more effectively.

The details:

• Eligible organizations can apply for grants of up to $25,000 now through April 30, 2026 via Duke Energy Foundation's website.
• $11.4 million invested to support the state's storm preparedness and recovery since 2016, reinforcing the company's ongoing commitment to community safety, resilience and disaster readiness by Duke Energy and its Foundation.

What they're saying:

• Kendal Bowman, Duke Energy North Carolina state president: "Storm preparedness is really about people – making sure communities have what they need before disaster strikes. By supporting local partners who know their communities best, these grants help close critical gaps in readiness, improve coordination during severe weather and enable communities to recover faster."
• Don Mial, Wake County Board of Commissioners Chair (2025 grant recipient): "Emergency preparedness starts at the individual level. When all residents have access to the resources that will keep them safe during a crisis or natural disaster, our whole community becomes more resilient. We are incredibly grateful to our partners at the Duke Energy Foundation for supporting this important work by investing in equity and safety in Wake County."

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 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. 

Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage. 

More information is available at duke-energy.com and the Duke Energy News Center.

Contact: Madison McDonald
24-Hour: 800.559.3853

View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-invests-500-000-to-strengthen-storm-preparedness-across-north-carolina-302719011.html

SOURCE Duke Energy

FAQ

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

How much is Duke Energy (DUK) providing for North Carolina storm preparedness in March 2026?

Duke Energy is providing $500,000 in grants for storm preparedness across North Carolina. According to the company, grants fund training, emergency planning, local response collaboration and public education through April 30, 2026.

What is the maximum grant size available from Duke Energy Foundation (DUK) for storm readiness?

The maximum grant size is $25,000 per organization for storm preparedness projects. According to the company, eligible nonprofits and government groups can apply now through April 30, 2026 via the Foundation website.

Who is eligible to apply for Duke Energy Foundation storm preparedness grants (DUK) and what is the deadline?

Local nonprofit and government organizations in North Carolina are eligible to apply for the grants. According to the company, applications are open now and close on April 30, 2026.

How much has Duke Energy (DUK) invested in North Carolina storm preparedness since 2016?

Duke Energy Foundation has invested $11.4 million in the state's storm preparedness and recovery since 2016. According to the company, this underscores an ongoing commitment to community safety and resilience.

What types of projects will Duke Energy Foundation (DUK) grants support for severe weather readiness?

Grants will support community preparedness training, emergency planning, local response collaboration and public education initiatives. According to the company, projects should strengthen readiness, response and recovery for severe storms.