Duke Energy (DUK) and GE Vernova (GEV) announced a partnership for natural gas turbines and other associated equipment “to meet the growing needs of advanced manufacturing, data centers and population growth.” The arrangement between the companies includes a plan to advance specific projects for up to 11, 7HA gas turbines consistent with Duke Energy’s integrated resource plans. “This will help the company meet its business strategy to provide reliable energy and keep customer costs as low as possible, as well as meeting even the most robust growth scenarios in the future. This is in addition to the eight recently secured 7HA gas turbines,” the companies said in a statement.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DUK:
- Duke Energy price target lowered to $126 from $128 at Morgan Stanley
- Duke Energy price target lowered to $123 from $128 at BMO Capital
- Duke Energy put volume heavy and directionally bearish
- Duke Energy seeks to renew Robinson Nuclear Plant operating license for 20 years
- Duke Energy price target raised to $123 from $111 at Barclays
