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Utilities, Natural Gas Will Play Key Roles in Green Energy Shift: Duke CFO

Brian Savoy says power companies will use the fossil fuel as a bridge, while moving toward decarbonization.

● Duke Energy Chief Financial Officer Brian Savoy earned an accounting degree from Lamar University ● Worked as a manager at Deloitte & Touche ● Joined Duke in 2001 as a manager in its energy-trading department ● Held various roles, including controller and chief of its commercial businesses ● Named CFO in September 2022.

● Duke Energy Chief Financial Officer Brian Savoy earned an accounting degree from Lamar University ● Worked as a manager at Deloitte & Touche ● Joined Duke in 2001 as a manager in its energy-trading department ● Held various roles, including controller and chief of its commercial businesses ● Named CFO in September 2022.

Photographer: Logan Cyrus for Bloomberg
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The transition to greener energy can coexist with the nation’s increasing need for energy security, says Brian Savoy, chief financial officer of Duke Energy Corp. Power companies will help lead the shift to a decarbonized world, he says.

The shift to cleaner energy is happening globally. How important a player in that transition will power and utility companies like Duke be?
It’s an amazing time to be in this role in this moment, because our sector is decarbonizing and it’s the enabler to decarbonize every other sector, like transportation or the building sector. So the pressure’s on—and we’re up to it.