2022-04-27 | NYSE: DUKE | Press release


WEST LAFAYETTE, Ind., April 27, 2022 /PRNewswire/ — Purdue University and Duke Energy today announced that they plan to jointly explore the feasibility of using advanced nuclear power to meet the long-term energy needs of the campus community.

With growing interest around the world in new, reliable and carbon-free technologies, Purdue and Duke Energy intend to study the electricity produced by small modular reactors (SMRs), a move that could be unprecedented for a university campus and which could be suitable for by Purdue energy needs.

According to the International Atomic Energy Agency, SMR are among the most promising emerging technologies in the field of nuclear energy. Significantly smaller than traditional nuclear power plants, an SMR could meet current and future by PurdueWest Lafayette campus as well as supply excess power to the state power grid.

Home to one of the nation’s top nuclear engineering programs and a national leader in scalable and sustainable energy innovation, Purdue and its experts are uniquely qualified to assess this “giant leap” towards a carbon-free energy future.

“No other option has as much potential to deliver reliable and adequate electrical power without carbon emissions,” said Purdue President Mitch Daniels. “Innovation and new ideas are at the heart of what we do at Purdue, and that includes finding ways to minimize the use of fossil fuels while providing carbon-free, reliable and affordable energy. We see enough promise in these new technologies to undertake an exploration of their practicality, and few places are better placed to do so.”

President of Duke Energy Indiana Stan Pinegar said, “Duke Energy is leading the industry’s largest clean energy transformation nationwide, and exploring technologies like this is important work to help us get there. Nuclear provides reliable power and can supplement other carbon-free energy sources, such as solar and wind power. As the nation’s largest regulated nuclear power plant operator, we have over 50 years of experience in safe and reliable operations. We can share this experience with one of America’s top engineering schools to see what this technology could do for their campus as well as the state.”

Purdue is currently powered by the Wade Utility Plant, which is a combined heat and power system that uses steam to provide heat, electricity and chilled water used to cool the facilities . A new Duke Energy plant on campus also provides thermal energy in the form of steam for Purduewhile supplying Duke Energy Indiana customers with electricity. Approximately 50% of campus electricity is purchased from Duke Energy.

Michael B. Cline, Purdue senior vice president for administrative operations, said, “This effort provides a timely opportunity to Purdue to work with our partners to determine if nuclear energy can be a practical and affordable option to meet our long-term needs.”

Advanced nuclear technology is still under development, and nationally Duke Energy is involved with industry groups, reactor technology companies and leading research universities such as Purdue who are exploring the deployment of this advanced nuclear technology.

SMRs are revolutionary in part because of their modular nature. They can be prefabricated off-site, saving time and money during construction. And Purdue is at the forefront of this technology by pioneering, developing and verifying the sheet steel composite construction used in SMRs on campus Bowen Laboratory through the Center for Structural and Nuclear Power Plant Engineering, led by Amit Varma, by PurdueKarl H. Kettelhut professor of civil engineering and director of the Bowen Laboratory of Large-Scale CE Research.

“Steel plate composite technology is fundamental to successfully deploying SMRs on budget and on time,” Varma said. “We have the world’s most eminent team and facilities to perform the testing, analysis, design and build demonstration to actualize the potential of this technology.”

Purdue engineering leaders and experts involved will include Mung Chiang, Seungjin Kim, Amit Varma and Arden Bement. Chiang is the executive vice president of Purdue University for Strategic Initiatives and Dean John A. Edwardson by Purdue College of Engineering. Kim is the captain. James McCarthy, Jr. and Cheryl E. McCarthy Chief from the School of Nuclear Engineering Purdue University. Bement has achieved international recognition as director of the National Science Foundation and director of the National Institute of Standards and Technology. He has a long and distinguished career with Purdueafter serving as Basil S. Turner Emeritus Professor of Electroceramics, David A. Ross Emeritus Professor of Nuclear Engineering, Director of Global Affairs, and first Director of the Global Policy Research Institute.

Exploration, including a series of meetings and joint studies, will begin in the coming weeks. by Purdue sustainability master plan can be found here.

by Purduenuclear engineering graduate program is ranked among the best in the country by US News & World Report. Nuclear engineering students can learn and conduct research using PUR-1the state’s first and only nuclear reactor, and the first and only NRC facility in the United States to be licensed for an all-digital instrument and control system. University reactors used for teaching and research are all far too small to power a university community.

Duke Energy operates the nation’s largest regulated nuclear fleet, with 11 nuclear units at six plant sites in North Carolina and Caroline from the south. These plants generate nearly 11,000 megawatts of reliable, carbon-free electricity, about half the electricity needed by its customers in the Carolinas, with some of the lowest generation costs in the country. In 2021, the nuclear fleet reached its record capacity factor (a measure of reliability) of 95.7% and avoided the release of more than 50.5 million tonnes of carbon dioxide.

Purdue University

Purdue University is a leading public research institution that develops practical solutions to today’s toughest challenges. Ranked in each of the past four years as one of the 10 most innovative universities in United States by US News & World Report, Purdue delivers world-changing research and extraordinary discoveries. Committed to hands-on, online learning, in the real world, Purdue offers a transformative education for all. Committed to affordability and accessibility, Purdue froze tuition and most fees at 2012-13 levels, allowing more students than ever to graduate debt-free. Watch how Purdue never stops in the persistent pursuit of the next giant leap to https://stories.purdue.edu.

duke energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, North Carolina, is one of the largest energy holding companies in the United States. Its electric utilities serve 8.2 million customers in North Carolina, Caroline from the south, Florida, Indiana, Ohio and Kentucky, and collectively possess 50,000 megawatts of power capacity. Its natural gas unit serves 1.6 million customers in North Carolina, Caroline from the south, Tennessee, Ohio and Kentucky. The company employs 28,000 people.

Duke Energy is executing an aggressive clean energy transition to meet its goals of net methane emissions from its natural gas business and at least 50% carbon reduction from power generation by 2030 and net emissions carbon emissions by 2050. Zero goals also include Scope 2 emissions and some Scope 3 emissions. zero-emission power generation such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2022 “World’s Most Admired Companies” list and Forbes’ “America’s Top Employers” list. More information is available at duke-energy.com. the Duke Energy News Center contains press releases, fact sheets, photos and videos. Duke Energy lighting features stories about people, innovations, community issues and environmental issues. Follow Duke Energy on Twitter, LinkedIn, instagram and Facebook.

Media contacts:

Purdue UniversityTim Doty

Phone: 765-494-2080

E-mail: doty2@purdue.edu

Duke Energy IndianaAngeline Protogere

Cell: 317-431-1910

Media line: 800-559-3853

E-mail: Angeline.Protogere@duke-energy.com

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