Duke Energy and Clemson University make commitment at Clinton Global Initiative to partner in energy research

     Duke Energy and Clemson University make commitment at Clinton Global
                   Initiative to partner in energy research

PR Newswire

NEW YORK, Sept. 25, 2013

NEW YORK, Sept. 25, 2013 /PRNewswire/ --Duke Energy and Clemson University
today committed at the Clinton Global Initiative to work together to develop
new models for generating and distributing electricity.

At the core of the partnership are workforce development initiatives and
academic programs that will help develop technology to better manage global
electric grid systems.

Together, Duke Energy and Clemson will focus on education and research to
develop innovative ways to efficiently and sustainably distribute energy. The
partnership will create unique learning opportunities for students and
industry researchers, and promote economic growth in South Carolina that
revolves around energy systems innovation.

Duke Energy is contributing $5 million to help fund laboratory infrastructure
and educational program development and fund a Smart Grid Technology Endowed
Chair. Duke Energy employees also will provide the center with ongoing
technical expertise and resources.

Clemson University will own and operate the center at the Restoration
Institute in North Charleston, S.C. , where engineers are constructing the
world's most advanced wind turbine drivetrain testing facility. Clemson's
partnership with Duke Energy will expand the testing and research capabilities
of this facility.

John Kelly, Clemson University vice president for economic development, said
the programmatic component of this initiative is at the core of the
partnership.

"This is the perfect example of a U.S corporation and a top public university
working together to address a major 21^st century issue: the future of the
energy distribution system," said Kelly.

"The Duke Energy team looks forward to working side-by-side with Clemson
students and researchers from across the world when the facility opens in
November," said Clark Gillespy, president of Duke Energy – South Carolina.
"Just as this country's original electricity infrastructure was the greatest
achievement of the 20^th century, the goal of this partnership is to spearhead
advances in the generation and distribution of power in the 21^st century,"
Gillespy said.

Upcoming milestones:

  oNov. 20, 2013: Technical workshop: "Challenges, Value and Future Testing
    and Validation for Energy Systems," for 50 to 60 technical professionals
    from OEM's, suppliers, national labs, universities, utilities, and other
    industries that are involved with the project.
  oNov. 21, 2013: Dedication of drivetrain testing facility and energy
    systems center (more than 70 organizations invited and up to 1,000
    attendees expected).
  oDec. 31, 2014: Develop education program plan and begin hiring faculty.
  oDec. 31, 2015: Begin graduate programs in the Fall 2015; target of 50
    graduate students engaged.
  oDec. 31, 2016: 100 graduate students engaged.
  oDec. 31, 2017: Complete hiring of faculty and develop program for four
    post-doc positions at site with existing projects, and at least 150
    graduate students engaged.

About Duke Energy

Duke Energy is the largest electric power holding company in the United States
with more than $110 billion in total assets. Its regulated utility operations
serve approximately 7.2 million electric customers located in six states in
the Southeast and Midwest. Its commercial power and international business
segments own and operate diverse power generation assets in North America and
Latin America, including a growing portfolio of renewable energy assets in the
United States.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded
on the New York Stock Exchange under the symbol DUK. More information about
the company is available at: www.duke-energy.com.

About Clemson University

Ranked No. 21 among national public universities, Clemson University is a
major, land-grant, science- and engineering-oriented research university that
maintains a strong commitment to teaching and student success. Clemson is an
inclusive, student-centered community characterized by high academic
standards, a culture of collaboration, school spirit and a competitive drive
to excel.

Contact: Tom Williams
Office: 980.373.4743 | 24-Hour: 800.559.3853

Contact: (Clemson University) Peter Hull
Office: 843.730.5073 | 24-Hour: 843.209.8341



SOURCE Duke Energy

Website: http://www.duke-energy.com