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CLAIM #45376 · Nextera Energy Inc (NEE) · 2024Q2 earnings call · Jul 24, 2024 · due Dec 31, 2028

We expect the backlog additions will go into service over the next few years and into 2028.

Brian Bolster · CFO

PENDING
graded after results covering Dec 31, 2028 are reported

How to check this claim

Look at: Cumulative megawatts placed into service from the reported renewables/storage/transmission backlog (Energy Resources segment)

It came true if: Backlog projects placed into service on a timeline extending into 2028, consistent with the ~22.6 GW backlog reported as of Q2 2024 being progressively converted to in-service capacity by year-end 2028

Where: Company quarterly earnings materials / 10-K disclosures on Energy Resources backlog and megawatts placed in service

In context

o renewables, storage and transmission. Similar to what we saw this quarter, the increased contributions from new investment driven by the strength of our renewable development program are expected to more than offset any slowing in gas infrastructure growth going forward. All other impacts reduced earnings by $0.05 per share. Energy resources had a strong quarter of new renewables and storage origination, adding 3,000 megawatts to the backlog. With these additions, our backlog now totals roughly 22.6 gigawatts after taking into account more than 1,600 megawatts of new projects placed in the service since our last earnings call, providing great visibility into energy resources ability to deliver on our development program expectations which we recently extended at our Investor Conference. We expect the backlog additions will go into service over the next few years and into 2028. Energy resources 300 gigawatt pipeline is years in the making and ready to respond to customer demand. We have competitive advantages understanding transmission and grid constraints. We have strong relationships with utilities serving the growing power grid. We can build system solutions across stakeholders and customer needs, and we can leverage our proprietary technology to site and deploy the best projects for our customers. A great example is our collaboration with Entergy, where we are targeting to build 4.5 gigawatts of renewable storage solutions to help them meet both their new increased load demand and energy transition goals. And we couldn't be more excited to work with a long-term established customer in order to help them execute on these goals. Another example is our collabor

Verify independently

SEC filings for NEE · Claim quote is verbatim from the 2024Q2 earnings call.