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CLAIM #45044 · Nextera Energy Inc (NEE) · 2022Q1 earnings call · Apr 21, 2022 · due Dec 31, 2031

Compared to current levels, the recommended plan projects an approximately 65% increase in zero-carbon-emissions electricity produced by the FPL system over the next decade, largely as a result of FPL’s continued rapid expansion of solar energy through the execution of its 30-by-30 plan, which we now expect to complete by 2025, and the solar additions that I previously mentioned.

Kirk Crews · CFO

PENDING
graded after results covering Dec 31, 2031 are reported

How to check this claim

Look at: Zero-carbon-emissions electricity produced by the FPL system, annual amount, compared to 2022 baseline level

It came true if: 2031 zero-carbon electricity production >= 55% higher than the 2022 baseline (approximately 65% target, allowing reasonable margin)

Where: FPL/NextEra Energy company disclosures, FPL Ten-Year Site Plan, or NextEra investor presentations reporting zero-carbon generation levels

In context

en years, which would result in nearly 20% of FPL's forecasted energy delivery in 2031 coming from solar generation. This planned solar build-out includes nearly 1,200 megawatts of base rate solar projects inclusive of the approximately 450 megawatts placed in service during the first quarter that we plan to build over the next two years. In addition, it includes approximately 1,800 megawatts under the SoBRA mechanism of our settlement agreement, approximately 1,800 megawatts of SolarTogether community solar projects that we expect to construct over the next four years, as well as roughly 4,700 megawatts of additional solar after 2025, that is subject to approval by the Florida Public Service Commission. FPL continues to deliver what is one of the largest-ever solar expansions in the U.S. Compared to current levels, the recommended plan projects an approximately 65% increase in zero-carbon-emissions electricity produced by the FPL system over the next decade, largely as a result of FPL’s continued rapid expansion of solar energy through the execution of its 30-by-30 plan, which we now expect to complete by 2025, and the solar additions that I previously mentioned. This projected increase in zero carbon-emissions generation is significant for a utility system of our size, especially when considering that our total amount of energy delivered in 2031 is expected to be nearly 10 percentage points higher through customer growth and increased adoption of electric vehicles. Our green hydrogen pilot program plans are also reiterated in the site plan. As we’ve previously discussed, we intend to build an approximately 25-megawatt electrolysis system at our Okeechobee Clean Energy Center that will be powered entirely by solar energy from a nearby site. The pilot is designed to test, in practice, the concept of replacing natural gas with green hydrogen as fuel for combined cycle unit use. The pilot project is expected to guide the way for future use of hydroge

Verify independently

SEC filings for NEE · Claim quote is verbatim from the 2022Q1 earnings call.