Duke Energy was set to sign an agreement today in Beijing with China's largest power company, in what is believed to be the first technology-exchange pact between electric utilities of the two countries.
Charlotte-based Duke, the third-largest U.S. utility, was to sign a one-year memorandum of understanding with China Huaneng Group, which produces 10 percent of China's coal-dependent electricity.
Under the agreement, Duke and Huaneng will begin a series of meetings to exchange information and explore long-term initiatives to reduce coal-plant emissions that contribute to climate change. They will also work on wind, solar and other forms of renewable energy.
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