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CLAIM #45362 · Nextera Energy Inc (NEE) · 2024Q1 earnings call · Apr 23, 2024 · due Apr 23, 2027

My expectations are that as time goes on, that we would likely add more storage to our plans going forward, because it is that attractive in the overall economics, especially as we add solar, which again, continues to be the best proposition from a cost standpoint for our customers.

Armando Pimentel · CEO of Florida Power & Light

PENDING
graded after results covering Apr 23, 2027 are reported

How to check this claim

Look at: FPL's planned battery storage capacity (gigawatts) as disclosed in the company's 10-year site plan

It came true if: Storage capacity in future site plan filing > 4 gigawatts (the figure cited in the current plan)

Where: FPL's annual 10-year site plan filing (Florida Public Service Commission) or company commentary referencing it

In context

nd capacity, it remains a very attractive value proposition to incorporate storage to firm up renewables, either co located or separate so we're seeing terrific origination from an energy resources perspective and we've also talked today about the attractiveness of storage at FPL. So I'll hand it off to Armando to give some additional color. Armando Pimentel: Thanks, Rebecca. So I would add, if you recall John and Kirk's comments, we filed our 10 year site plan, which we do every year. Our 10 year site plan this year had the same amount of solar that it did last year, which is a lot of solar, 21 gigs over the next 10 years. But we doubled the amount of storage, up to 4 gigawatts of storage that we have in our plan. We increasingly see storage as an economical addition in our service area. My expectations are that as time goes on, that we would likely add more storage to our plans going forward, because it is that attractive in the overall economics, especially as we add solar, which again, continues to be the best proposition from a cost standpoint for our customers. Jeremy Tonet: Thank you for that. Just going back to the renewable development day or for people that weren't able to make it, any particular points I want to highlight? Rebecca Kujawa: Jeremy, you broke up a little bit, so I'm going to again guess a little bit on what the question was, but I'm assuming it was what were some of the key takeaways from the development 101-day. And I hope it was a worthwhile time for our investors. We certainly were so proud of our team and talking about what it is that we believe differentiates us as we talk to our customers. And it really was around that scale experience and technology, not just individually, how all of those are important, but also how they interact with one another. So as John highlighted, the scale advantages comes the ability to deploy

Verify independently

SEC filings for NEE · Claim quote is verbatim from the 2024Q1 earnings call.