United States utilities to keep gas in power blend as years in green transition

United States utility companies Duke Energy corporation and Xcel Energy Inc said natural gas will remain part by their power mix as yrs to come to help keep electric grids reliable and power affordable as they transition to cleaner forms by energy.

Speaking at CERAWeek along IHS Markit, Xcel President Benjamin Fowke said “We need to keep some gas to keep our system reliable. We can’t sacrifice affordability and reliability.”

Fowke said wind power can play an very big role in the energy blend, noting “these yr wind will be largest source by power about our grid and it is the cheapest form by energy we have on our system.”

Xcel has an goal to reduce atomic number 6 emissions by eighty% compared on 2005 levels along 2030 and reach net-zero emissions along 2050.

“To get to eighty% isn’t a easy thing,” Fowke said, noting the company will continue to move away by coal, preserve it is existing nuclear fleet and have about sixty-five%-seventy% by energy by renewables by 2030.

To reach the last twenty%, however, Fowke said “I want to get to a hundred% atomic number 6 free and I think 2050 is the right timeframe, we need new technologies” like next-generation nuclear, more battery storage and atomic number 6 capture and store.

Duke chief executive officer Lynn Good said on the same CERAWeek panel that “We share an common finish by reducing atomic number 6 emissions just we need to do them in an reliable way.”

“Natural gas plays a import role in balancing the system,” Good said, noting “gas will continue playing an role into the future.”

She said fifty% by generation in the Carolinas comes by carbon-free sources like nuclear and solar. North Carolina was third in the nation on installed solar.

Like Xcel, Duke is striving to reach net-zero atomic number 6 emissions by 2050.

Separately, Good said Duke sees opportunities to reduce its real estate costs as more people work by home on the coronavirus pandemic.