Duke Energy's nearly $1 billion investment with North Carolina suppliers strengthens American supply chains, local economies and the nation's energy future

Duke Energy (DUK) reports that more than 97% of its $17.2 billion in annual sourcing goes to U.S.-based suppliers.

Rhea-AI Summary

Duke Energy (DUK) reports that more than 97% of its $17.2 billion in annual sourcing goes to U.S.-based suppliers. In 2025, it spent nearly $1 billion with North Carolina suppliers and may invest nearly $5 billion there over five years.

These purchases support critical grid equipment, domestic manufacturing, jobs and long-term reliability.

Positive

• More than 97% of $17.2 billion annual sourcing directed to U.S. suppliers
• Nearly $1 billion spent with North Carolina-based suppliers in 2025
• Planned near-$5 billion investment in North Carolina suppliers over five years
• Spending supports critical grid equipment and long-term reliability
• Partnerships with GE Vernova and Siemens Energy for key equipment

Negative

• None.

Argus Jun 30 session

-1.36% close to close Open Argus

Details

News Market Reaction – DUK

On Jun 30, the day this news came out, DUK closed 1.36% below the previous close.

Data tracked by StockTitan Argus for the Jun 30 session.

Market Context

This announcement highlights Duke directing nearly $1 billion to North Carolina suppliers in 2025 an...

Analysis

This announcement highlights Duke directing nearly $1 billion to North Carolina suppliers in 2025 and more than 97% of $17.2 billion sourcing to U.S. firms. Investors may watch how these commitments support reliability, project execution, and cost management over time.

Key Figures

Annual sourcing spend: $17.2 billion U.S.-based sourcing share: More than 97% North Carolina suppliers 2025: Nearly $1 billion +1 more

Annual sourcing spend

$17.2 billion

Annual sourcing supporting suppliers

U.S.-based sourcing share

More than 97%

Portion of $17.2 billion sourcing with U.S. suppliers

North Carolina suppliers 2025

Nearly $1 billion

Spend with North Carolina-based suppliers in 2025

Planned NC supplier spend

Nearly $5 billion

Potential total investment over five years with North Carolina suppliers

Historical Context

5 past events · Latest: Jun 24

5 events

1. Jun 24

   Community grants SC

   24h Move

   +1.2%

   America250 grants completing $550,000 South Carolina investment and $1M multistate initiative.

2. Jun 24

   Community grants NC

   24h Move

   +1.2%

   America250 grants to 16 North Carolina nonprofits, part of over $1M initiative.

3. Jun 16

   Community grants FL

   24h Move

   +0.6%

   America250 grants to seven Florida nonprofits supporting civic learning and remembrance.

4. Jun 15

   Multistate grant wrap

   24h Move

   +0.3%

   Final America250 round with nearly $830,000 in 54 grants across six states.

5. Jun 11

   Workforce coalition

   24h Move

   -0.7%

   Joining Careers Electric coalition to train 25,000 workers over 10 years.

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

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• More than 97% of Duke Energy's $17.2 billion in annual sourcing supports U.S.-based suppliers
• Investments support critical grid equipment, American jobs and long-term reliability

CHARLOTTE, N.C., June 30, 2026 /PRNewswire/ -- As the nation approaches Independence Day, Duke Energy is investing in American suppliers to help power local economies, support customer value and build the energy infrastructure needed to serve growing communities.

By the numbers: Duke Energy spent nearly $1 billion with North Carolina-based suppliers in 2025, helping local businesses grow while securing the equipment and services needed to keep energy reliable for customers.

Looking ahead, Duke Energy's continued investment in North Carolina suppliers could total nearly $5 billion over five years – supporting jobs, strengthening local economies and helping meet growing energy needs.

Why it matters: More than 97% of Duke Energy's $17.2 billion in annual sourcing supports U.S.-based suppliers, helping sustain domestic manufacturing, reduce supply chain risk and keep critical equipment closer to home. These investments ready the grid for rising energy demand and bolster reliability.

Go deeper: Duke Energy's supplier investments include transformers from GE Vernova in Goldsboro, N.C., gas turbines from Siemens Energy in Charlotte, N.C. and others.

What they're saying: "Powering America's future starts with investing in the people, businesses and communities building it," said Katie Aittola, senior vice president of supply chain, real estate and chief procurement officer for Duke Energy. "By working with American suppliers, Duke Energy is helping deliver reliable service and value for customers while reinvesting customer dollars in the local economies we serve. These investments help ensure our teams have the equipment and materials they need, support American companies and skilled workers, and create a ripple effect that strengthens manufacturing, jobs and long-term growth in our communities."

"North Carolina's business community is strongest when companies invest in one another," said N.C. Chamber President and CEO Gary Salamido. "Duke Energy continues to lead by example, directing nearly $1 billion to North Carolina-based suppliers in 2025 alone. Investments like these strengthen communities, support local businesses and reinforce the supply chains and partnerships that power North Carolina's growth."

"We are proud to provide the critical transformers and other electrification equipment that enables Duke Energy to help the people of North Carolina thrive," said Troy Kabrich, GE Vernova Goldsboro site director. "Supporting the communities we live and work in is an honor and a privilege we take seriously."

"We have a robust, decades-long foundation in North Carolina, supported through strong collaborations like that with Duke Energy and a dedicated workforce. The equipment we produce here is helping meet our nation's unprecedented growth in energy," said Matt Neal, Siemens Energy's President of North America.

The impact: As energy demand grows across North Carolina and beyond, Duke Energy's work with U.S.-based suppliers helps strengthen America's supply chain, keep critical grid equipment available and support the reliable infrastructure customers, businesses and communities need to grow.

About Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, North Carolina, 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. The company employs approximately 26,400 people.

Duke Energy is executing an ambitious energy transition, keeping customer reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. 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. Follow Duke Energy on X, LinkedIn, Instagram and Facebook.

Contact: Logan Stewart
24-Hour: 800.559.3853

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energys-nearly-1-billion-investment-with-north-carolina-suppliers-strengthens-american-supply-chains-local-economies-and-the-nations-energy-future-302814709.html

SOURCE Duke Energy

FAQ

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

How much did Duke Energy (DUK) spend with North Carolina suppliers in 2025?

Duke Energy spent nearly $1 billion with North Carolina-based suppliers in 2025. According to Duke Energy, this sourcing supports local businesses, jobs, and the equipment and services needed to help maintain reliable energy service for customers across the state.

What is Duke Energy's planned five-year investment with North Carolina suppliers?

Duke Energy projects its investment with North Carolina suppliers could total nearly $5 billion over five years. According to Duke Energy, this ongoing spending is expected to support jobs, strengthen local economies, and help meet rising energy demand in growing communities.

How much of Duke Energy's annual sourcing supports U.S.-based suppliers?

More than 97% of Duke Energy's $17.2 billion in annual sourcing goes to U.S.-based suppliers. According to Duke Energy, this approach helps sustain domestic manufacturing, reduce supply chain risk, and keep critical grid equipment closer to the communities it serves.

Which American manufacturers supply key grid equipment to Duke Energy (DUK)?

Duke Energy sources transformers from GE Vernova in Goldsboro, North Carolina, and gas turbines from Siemens Energy in Charlotte. According to Duke Energy, these and other U.S. suppliers provide critical equipment that supports grid reliability and expanding energy needs.

How do Duke Energy's U.S. sourcing practices affect energy reliability?

Directing most sourcing to U.S.-based suppliers helps keep critical grid equipment available and closer to operations. According to Duke Energy, this supports long-term reliability as energy demand grows, while reinforcing American supply chains and local economic development.

Why is Duke Energy (DUK) emphasizing investment in American suppliers?

Duke Energy emphasizes American suppliers to support local economies, domestic manufacturing and energy infrastructure. According to Duke Energy, these investments reinvest customer dollars locally, back skilled workers, and help build the reliable grid needed for community and business growth.