Duke Energy, headquartered in Charlotte, North Carolina, is one of the largest electric power holding companies in the United States. The company traces its roots back to the early 20th century when it was initially known as Catawba Power Company. Over the years, it went through various mergers and acquisitions, eventually adopting the name Duke Energy Corporation in 1997.

Duke Energy's headquarters is located in the Duke Energy Center, a 48-story skyscraper in Charlotte. This iconic building serves as a symbol of the company's commitment to innovation, sustainability, and renewable energy. As a leading energy company, Duke Energy provides a wide range of products and services.

It operates in three main business segments, namely electric utilities, gas utilities, and commercial renewable energy. The electric utilities segment includes the generation, transmission, and distribution of electricity to retail customers. The gas utilities segment involves the distribution and transportation of natural gas to residential, commercial, and industrial customers.

The commercial renewable energy segment focuses on the development, construction, and operation of renewable energy projects. Duke Energy operates primarily in the United States but has a global presence through strategic partnerships and joint ventures. Noteworthy subsidiaries include Duke Energy Carolinas, Duke Energy Florida, and Duke Energy Progress, which serve customers across different states.

The company also has joint ventures with other energy companies, such as Dominion Energy in the Atlantic Coast Pipeline. In terms of market position, Duke Energy is a major player in the electric utility industry. It serves approximately 7.

8 million customers across six states and has a generating capacity of over 51,000 megawatts. The company has a strong reputation for reliability and a commitment to clean energy, with a significant focus on reducing its carbon footprint and investing in renewable energy sources. To further support its growth and market position, Duke Energy has implemented various strategies and made significant changes in its product lineup.

It has diversified its energy portfolio by increasing investments in renewable sources like wind and solar power. The company has also made notable achievements in energy efficiency and grid modernization initiatives. Currently, Duke Energy is focused on achieving a sustainable future and addressing climate change challenges.

It aims to reduce carbon emissions, enhance grid resiliency, and deploy advanced technologies for better customer solutions. The company continues to invest in clean energy projects and strengthen partnerships to shape the future of the energy industry