New Duke Energy Programs Offer Florida Customers More Choices Related to Electric Vehicles
ST. PETERSBURG, Fla., April 2, 2025 /3BL/ - Duke Energy Florida announced the launch of three new programs – the Charger Prep Credit, Off-Peak Charging Credit and Fleet Advisory programs – to offer both residential and business customers more choices related to electric vehicles (EVs).
'Not only do EVs help save on fuel and maintenance costs for drivers, but they have significant economic and environmental benefits as well,' said Melissa Seixas, Duke Energy Florida state president. 'Our goal with these programs and the various incentives they offer is to make EVs more accessible for all of our customers, helping meet their individual needs, while contributing to the ongoing energy transition.'
Charger Prep Credit Program (Residential and Business Customers)
Through the Charger Prep Credit program, both residential and business customers can receive a one-time credit to defray the cost of installing EV charging infrastructure, including new electric plug-in outlets, electrical wiring improvements and other electrical upgrades required to support Level 2 or higher EV chargers. However, it does not apply to the charging station hardware and software (if needed), as well as permit fees. For more information, please click here (for residential customers) or here (for business customers).
Off-Peak Charging Credit Program (Residential Customers Only)
The Off-Peak Charging Credit program allows residential customers to get paid for charging their EVs during times when demand for energy is typically lower. Eligible customers using a Level 2 charger can earn a $7.50 credit on their monthly electric bills for charging their EVs during these off-peak hours – 10 a.m. to 6 p.m. and 11 p.m. to 5 a.m. Monday through Friday and anytime on weekends and holidays. It originally began as a pilot (reaching its threshold of 3,000 active participants while maintaining a lengthy waitlist) and is now a permanent offering without an enrollment limit. For more information, please click here.
Fleet Advisory Program (Business Customers Only)
By participating in the Fleet Advisory program, business customers can receive up to $12,000 to offset the cost of completing a fleet electrification study to assess the benefits of switching their fleet vehicles to EVs. The goal is for businesses to learn how to reduce their carbon footprint, while also discovering how EVs can lower their operating costs and improve overall efficiency. To qualify, a customer's fleet must include 20 or more light-duty vehicles, five or more medium/heavy-duty vehicles, or a combination of 10 or more light-duty and/or medium/heavy-duty vehicles. For more information, please click here.
Duke Energy Florida
Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
an hour ago
- Associated Press
Hubject Receives Payment Institution License, First eMobility Company Authorized by BaFin
Hubject Financial Services GmbH, a wholly owned subsidiary of Hubject, receives German Financial Supervisor's (BaFin) regulatory permission to process payments 'With this financial services authorization, Hubject Financial Services GmbH can develop advanced payment capabilities, enhanced settlement options, and integrated financial products...'— Carsten Puhl, CEO of Hubject Financial Services GmbH BERLIN, GERMANY, June 11, 2025 / / -- Hubject Financial Services GmbH, a wholly owned subsidiary of Hubject, received the German Financial Supervisor's (BaFin) regulatory permission to process payments under the Payment Services Oversight Act (ZAG) in Europe. Hubject is world's leading eRoaming Service provider. With the BaFin authorization, Hubject is expanding its portfolio of services. This offers advantages for all Charge Point Operators (CPOs) and eMobility Services Providers (EMPs). Hubject Financial Services will process payments, completing the final piece of an integrated solution that transforms how CPOs and EMPs manage financial transactions, compliance, and revenue optimization. For an industry where cross-border transactions, VAT compliance, and multi-currency settlements create operational complexity, this licensing represents a transformative development. Partners can now focus on growing their charging networks and improving customer experiences while Hubject Financial Services manages the underlying financial infrastructure with full regulatory compliance and approval of a financial supervisor. This regulatory achievement represents a significant milestone for the eMobility industry. After two years of rigorous regulatory preparation, Hubject Financial Services becomes the first eMobility company to receive a payment institution license from BaFin. This achievement establishes Hubject as the only company in the sector to combine proven interoperability technology with its own regulated financial services solution. 'Today marks the completion of our most ambitious project, delivering on our promise to create truly end-to-end financial solutions for the eMobility industry,' said Carsten Puhl, CEO of Hubject Financial Services GmbH. 'This creates new possibilities for innovation within the eMobility ecosystem. With this financial services authorization, Hubject Financial Services GmbH can develop advanced payment capabilities, enhanced settlement options, and integrated financial products that address emerging industry needs as EV adoption accelerates globally.' The combination of world-leading interoperability technology and regulated financial services positions Hubject to support the industry's evolution from early adoption to mainstream integration. All Hubject roaming partners can now seamlessly create, send, receive and approve invoices as well as initiate money transfers. Today these processes are done individually, creating a lot of friction between companies. By using Hubject´s services, CPOs and EMPs can fully focus on supporting the transition to the EV mass market – by relying on experienced partners like Hubject. End of Press Release Stuart Barnes Hubject +49 30 5870889113 email us here Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
an hour ago
- Yahoo
Is QuantumScape's Business Starting to Gain Serious Traction?
QuantumScape stock is down 20% over the past year. The company is still pre-revenue. but is approaching the first stages of commercialization. QuantumScape's CEO sees a massive market opportunity, but one that will take time to materialize. 10 stocks we like better than QuantumScape › QuantumScape (NYSE: QS) has dramatically underperformed the market over the past year, with shares falling by more than 20%. However, while this remains a pre-revenue business several years after making its publicly traded debut, there are also some impressive signs of progress in the EV battery innovator. With that in mind, here's a look at the current state of QuantumScape's business, where it could be heading over the next couple of years, and whether the stock could be a smart buy today. The short version is that QuantumScape is past the prototype stage but isn't quite yet at the commercialization stage where it will start to generate significant revenue. I'd call QuantumScape's business in the "sampling stage," as the current focus is shipping samples of their battery systems to prospective customers for testing purposes. QuantumScape is taking steps toward commercialization of its product, collaborating with the Volkswagen Group's battery manufacturing company on development, is working with other automakers that could become customers, and is building out a network of vendors and suppliers. The company believes that its first battery will have an energy density that's significantly greater than traditional lithium ion batteries and will be able to be rapidly charged from 10% to 80% in under 15 minutes. Additionally, as you might expect, QuantumScape is losing money. After all, regardless of how efficient a company is run, it needs revenue to have a chance at a profit. For the full year, the company is guiding for an adjusted EBITDA loss between $250 million and $280 million. With about $860 million in cash and liquidity on its balance sheet, QuantumScape has financial runway to fund the business well into 2028 without any need to raise additional capital, and that's excluding the effect of any revenue between now and then. QuantumScape CEO Siva Sivaram recently published his "strategic blueprint," which revealed quite a bit about the company's timeline (without mentioning specific target dates). First, QuantumScape wants to demonstrate its technology in a real-world application. This will take place in steps, first on a small scale through product samples, but will ultimately evolve into more complete and measurable installations. Then, the company needs to build a network of partners, like the ceramics production partnership with Murata Manufacturing that was recently announced. Both steps are getting close to becoming a reality to some degree, but there's a long way to go. And to put a date on the process, QuantumScape aims to achieve some commercialization of its first batteries next year. The third phase of the plan is the long-term strategy, which involves continually improving the platform even after QuantumScape reaches commercialization. Sivaram believes that by 2040 there will be "more than a terawatt-hour per year of solid-state batteries in production," and that QuantumScape will be the market leader. For context, global production of all EV batteries in 2024 was less than 0.9 terawatt-hours, so this is a lofty goal. It currently costs about $140 per kilowatt-hour to make an EV battery, but even if the ultimate cost of solid state batteries is about half of this, which is what several experts predict, this means that we're looking at a $70 billion market size in 15 years. If QuantumScape can lead the charge, the stock could be a massive home run, given its current $2.4 billion market cap ($1.5 billion excluding the company's net cash position). But it's important for investors to remember that's a big if. There are some competitors with deep pockets, like Toyota (NYSE: TM), that are developing their own solid state EV batteries, and although QuantumScape was an early mover when it comes to developing its technology, there's no guarantee it will win the race. Before you buy stock in QuantumScape, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and QuantumScape wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,341!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $874,192!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Matt Frankel has no position in any of the stocks mentioned. The Motley Fool recommends Volkswagen Ag. The Motley Fool has a disclosure policy. Is QuantumScape's Business Starting to Gain Serious Traction? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
- Yahoo
Drive Clean Indiana eyeing Evansville as its next big E-V charging hub
EVANSVILLE, Ind. (WEHT) – Drive Clean Indiana held a seminar at Red Bank Library on Electric Vehicle charging infrastructure opportunities in Evansville. The non-profit organization is a subsidiary of US Department of Energy, which has begun rolling out their GOEVIN initiative for 2025. Executive Director Carl Lisek says GOEVIN is aimed at raising support for EV charging stations in an effort to find potential grant applicants to build infrastructure with. GOEVIN is striving to build strong partnerships with local businesses and government bodies that are committed to making Indiana green for years to come. Only three percent of vehicles registered in Indiana are EV's. GOEVIN aims to change this by establishing more charging stations in the state, giving Hoosiers more choices. The program has received no federal funding thanks to Volkswagen who has pledged nearly four million towards the construction of hubs in Indiana. Over three million of that will build Direct Current Fast Charging (D-C-F-C) stations. The price tag is a hefty one for these chargers due to their power usage and ability to charge vehicles quickly. Lisek and his team also want to implement Level two charging stations in Evansville. These stations are catered toward EV drivers that travel long distance and have down time for a slower charge. Due to less energy demands, the non-profit has allocated around one hundred and seventy thousand for the construction of these stations. The Drive Clean Indiana team is committed to making Evansville a cleaner and safer place to live. Although there are critics Lisek says, 'You are going to run into that no matter the technology. Education is key, showing success, getting people behind the wheels of electric vehicles, I think that has been one of our successes.' With the help of Evansville officials, Lisek team hopes to have Evansville working as a fully functional EV charging hub by late December of 2026. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
