Duke Energy Gives Grants for Electric Bus Transition

11/12/19

By Samie Creech, NC Biz News

Duke Energy Corp. announced two grants to help fund electric bus-charging stations in the Triangle area Tuesday, totaling $300,000.

GoRaleigh and GoTriangle, two transit agencies covering Wake, Durham and Orange counties, will receive $200,000 and $100,000, respectively. These funds will help offset the costs of installing a total of seven new charging stations.

“We’re pleased our grants can help transit agencies in the Triangle area transition to cleaner bus fleets that help the environment,” said Stephen De May, Duke Energy’s North Carolina president, said in a press release.

GoRaleigh plans to purchase five new electric buses in addition to the new charging stations. The buses are scheduled to arrive in August and September of 2020.

Asheville and Greensboro also recently received aid from Duke Energy for electric bus charging.

Duke Energy is an energy-holding company serving customers in six states. Shares of the company were trading at $87.28 Tuesday, down 32 cents.

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