# Duke Energy’s nearly $1 billion investment with North Carolina suppliers strengthens U.S. supply chains

By MarketScale Newsroom · Published 2026-06-30 · Updated 2026-07-01 · Energy on MarketScale
Canonical: https://www.marketscale.com/industries/energy/duke-energy-nearly-1-billion-north-carolina-suppliers

> Duke Energy spent nearly $1 billion with North Carolina-based suppliers in 2025, part of $17.2 billion in annual sourcing that is more than 97% U.S.-based.

## Key points

- Duke Energy invested nearly $1 billion with North Carolina suppliers in 2025.
- The company's annual sourcing totals $17.2 billion, over 97% of which is U.S.-based.
- The investment strengthens domestic supply chains and supports local economies.

CHARLOTTE, N.C., June 30, 2026. Duke Energy spent nearly $1 billion with North Carolina-based suppliers in 2025, part of a broader sourcing program the company says strengthens American supply chains, local economies, and long-term grid reliability.

The North Carolina spend sits inside $17.2 billion in annual sourcing, more than 97% of which goes to U.S.-based suppliers. Duke Energy says the investments could reach $5 billion over five years and support critical grid equipment and American jobs.

## By the numbers

- Nearly $1 billion spent with North Carolina suppliers in 2025
- Up to $5 billion in potential investment over five years
- $17.2 billion in annual sourcing, more than 97% U.S.-based
- Serves 8.7 million electric customers across six states and 1.6 million natural gas customers
- About 26,400 employees and 55,700 megawatts of energy capacity

## North Carolina suppliers

Named suppliers include GE Vernova, which builds transformers in Goldsboro, and Siemens Energy, which makes gas turbines in Charlotte.

> Powering America’s future starts with investing in people, businesses and communities building it., Katie Aittola, SVP Supply Chain, Real Estate and Chief Procurement Officer, Duke Energy

> We have a robust, decades-long foundation in North Carolina supported through collaborations like Duke Energy’s., Matt Neal, President of North America, Siemens Energy

## About Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies, serving 8.7 million electric customers across North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, plus 1.6 million natural gas customers. It is pursuing net-zero methane emissions from natural gas operations by 2030 and net-zero carbon electricity generation by 2050.

## Sources

- [Duke Energy’s nearly $1 billion investment with North Carolina suppliers (original release)](https://www.prnewswire.com/news-releases/duke-energys-nearly-1-billion-investment-with-north-carolina-suppliers-strengthens-american-supply-chains-local-economies-and-the-nations-energy-future-302814709.html) (Duke Energy via PR Newswire)
- [Duke Energy](https://www.duke-energy.com) (Duke Energy)

Tags: duke energy, siemens energy, ge vernova, supply chain, grid, energy

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