Duke Energy ( NYSE: DUK ) and Ford Motor ( NYSE: F ) unveiled plans on Tuesday to expand vehicle-to-grid charging using the new F-150 Lightning electric truck's batteries "as a workhorse at home and on the electric grid."
Duke Energy ( DUK ) said it filed for approval from the North Carolina Utilities Commission of a new demand response pilot program expected to launch in 2023 for customers in the Duke Energy Carolinas service area.
Pilot incentives will reduce vehicle lease payments for program participants who lease an eligible electric vehicle, including Ford F-150 Lightning trucks, and in exchange, customers will allow their EVs to feed energy back to the grid, helping to balance it during peak demand.
Duke Energy ( DUK ) and Ford ( F ) also are collaborating on a complimentary small-scale research and development test in Florida to begin in 2023.
Duke Energy ( DUK ) is "my favorite defensive dividend stock," Leo Nelissen writes in a bullish analysis published recently on Seeking Alpha .
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Duke Energy, Ford seek to use F-150 electric trucks to help power grid