CLAIM #45046 · Nextera Energy Inc (NEE) · 2022Q1 earnings call · Apr 21, 2022 · due Dec 31, 2031
“Notably, our as-filed 10-year site plan recommends a total expected deployment of approximately 3,200 megawatts of new battery storage capacity by 2031.”
Kirk Crews · CFO
How to check this claim
Look at: Cumulative installed battery storage capacity (megawatts) at FPL
It came true if: Cumulative battery storage capacity >= 3,000 MW (approximately 3,200 MW target)
Where: FPL/NextEra 10-year site plan filings or company-disclosed battery storage capacity (10-K / investor presentations)
In context
“age 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 hydrogen as a fuel source across FPL’s fleet of highly efficient combined cycle units, thus lowering or eliminating carbon emissions from FPL’s fleet in the future. This pilot project is projected to go into service in late 2023. Notably, our as-filed 10-year site plan recommends a total expected deployment of approximately 3,200 megawatts of new battery storage capacity by 2031. Included in this total is approximately 1,400 megawatts of incremental battery storage to enhance readiness and reliability for our customers during potential extreme weather events. We also plan to make other smart capital investments for winterization efforts designed to support potential increased customer load during extreme winter temperature conditions, while also providing additional day-to-day reliability benefits for customers. A hallmark of our culture is taking every opportunity to learn from events that happen in our industry, not just those that directly affect FPL, to ensure we continue to deliver the best possible value to our customers. Our planned targeted investments for winterization were identified as a result of our detailed assessment of our fleet following Winter St”
Verify independently
SEC filings for NEE ↗ · Claim quote is verbatim from the 2022Q1 earnings call.