FILE PHOTO: Electric power transmission pylon miniatures and Duke Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Amazon, Google and Microsoft have signed initial agreements to develop new power contract terms with electric utilities in the U.S. south aimed at lowering the cost of building new nuclear technologies and batteries, Duke Energy said on Wednesday.
In memorandums of understanding (MOUs) signed this month, Duke and the world's biggest technology companies proposed developing new electricity rate structures, or “tariffs,” to drive the development of carbon-free technologies, such as small modular reactors, and long-duration energy storage in North and South Carolina.
