Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.

Duke Energy saw quarterly earnings slip due to low demand, but a growing economy and the transition to cleaner energy had its executives highlighting future growth opportunities on its earnings call Thursday.

The White House and Department of Commerce announced 31 regional tech hubs, which include some aimed at furthering the energy transition, in an effort to stand up globally competitive industries around the country.

The Southeast Alliance for Clean Energy's report found that despite being responsible for 40% of all new investments in EV manufacturing, sales in the Southeast range from only 2.5% to 7% of vehicle sales, below the national average.

Duke Energy saw earnings slip on mild weather and focused on its organic growth plans as a fully regulated firm engaged in the energy transition.

The Southeast’s solar capacity will more than double — to 40 GW — by 2026, according to a report by the Southern Alliance for Clean Energy.