CHARLOTTE, N.C., July 30, 2020 /PRNewswire/ -- Duke Energy (NYSE: DUK) today announced a partnership with SustainRNG to harness renewable natural gas (RNG) on dairy farms, starting in the southeastern United States.
Duke Energy has invested in a minority share of the company and retains the option to invest in future operating projects.
SustainRNG will engineer, finance, construct and operate RNG sites in collaboration with dairy farmers. By capturing and processing methane from farms into RNG, Duke Energy and SustainRNG will be able to provide a locally generated renewable energy source to end users nationwide via injection into the existing natural gas pipeline network.
Renewable natural gas is methane that has been captured from the breakdown of organic waste and processed to remove contaminants and meet natural gas pipeline quality standards. Trane Technologies invented the advanced methane generation technology and has exclusively licensed its system to SustainRNG for use in the agricultural sector.
"Duke Energy is committed to supporting sustainable energy solutions, and our partnership with SustainRNG will bring more renewable natural gas into the market, which benefits both the environment and customers," said Phillip Grigsby, Duke Energy's senior vice president of ventures and business development. "In addition, these projects will create jobs, both in the construction and ongoing operation of the RNG facilities."