Montauk Renewables signs REC agreement with Duke Energy
Montauk Renewables signed an agreement with Duke Energy for Renewable Energy Certificates (REC).
The agreement is for Montauk’s proposed Turkey Creek waste-to-renewable energy facility in Sampson County, N.C. At this facility, Montauk will use its patented near zero emissions conversion technology to convert swine waste into renewable electricity, renewable natural gas, and other renewable commodities such as biochar fertilizer.
As part of the 15 year agreement, Duke will buy the electricity as well as the associated swine waste Renewable Energy Certificates (RECs) from the conversion. Once the facility is fully up and running, that will amount to up to 47,000 RECs per year.
“We’re excited about the opportunity to work with Duke on our groundbreaking swine waste-to-Renewable Energy project and to serve the communities of eastern North Carolina with a project expected to be beneficial to the people locally and the environment globally,” Sean McClain, CEO of Montauk Renewables, said.
Once fully commissioned, the initial stage of this facility is expected to generate material amounts of renewable electricity, Renewable Natural Gas (RNG) and biochar which can be used as a fertilizer.
Initially, the project initially has the potential to generate renewable energy sufficient to power more than 5,000 homes and businesses throughout eastern North Carolina. It will also help Duke meet its swine waste requirement under the Renewable Energy Portfolio Standard law in North Carolina.
Montauk is in the process of constructing the facility in Turkey, N.C. It anticipates being fully operational during the first half of 2025.
