NextEra

IEEFA Research

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

Falling demand, legal and regulatory challenges spell financial peril for pipeline project

March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

Utility claims natural gas is cheaper than battery storage

February 18, 2021 (IEEFA) — Duke Energy’s plans for its two utilities in the Carolinas rely on outdated cost estimates to avoid expanding battery storage capacity, according to a new study by the Institute for Energy Economics and Financial Analysis (IEEFA). In their latest integrated resource plans (IRPs), Duke Energy Progress and Duke Energy Carolinas […]

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

Decade-long influx of cheap gas started regional transition; solar expected to finish it

Oct. 1, 2019 (IEEFA U.S.) – Abundant gas supplies have transformed the electricity-generation sector in the traditionally coal-dominated Southeast U.S. Planned new solar construction in the region will add momentum to the energy transition and likely lead to the zeroing out of all coal generation in a number of states in the near future, finds […]

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IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years
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IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

NextEra proposes 690MW solar farm at closed Iowa nuclear plant

The Gazette: For more than four decades, the name of former Cedar Rapids utility executive Duane Arnold has been synonymous with nuclear power in Iowa. Now it could have a new connotation: a massive solar energy project planned for 2023 near the now-idle Duane Arnold Energy Center. Owner NextEra Energy of Florida this week laid […]

March 18, 2021 Read More →
IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market
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IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

Falling demand, legal and regulatory challenges spell financial peril for pipeline project

March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option
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IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

Utility claims natural gas is cheaper than battery storage

February 18, 2021 (IEEFA) — Duke Energy’s plans for its two utilities in the Carolinas rely on outdated cost estimates to avoid expanding battery storage capacity, according to a new study by the Institute for Energy Economics and Financial Analysis (IEEFA). In their latest integrated resource plans (IRPs), Duke Energy Progress and Duke Energy Carolinas […]

NextEra brings first section of massive California battery storage complex online

S&P Global Market Intelligence ($): NextEra Energy Resources LLC has connected a 115-MW lithium-ion battery storage system to its existing 131.2-MW Blythe Solar II facility in eastern Riverside County, Calif., which forms part of one of the world’s largest emerging solar-plus-storage stations. The competitive generation arm of NextEra Energy Inc. synchronized the storage system with […]

February 16, 2021 Read More →

U.S. utilities see rising potential for green hydrogen

S&P Global Market Intelligence ($): Electric utilities and independent power producers are positioned as key players to help speed cost reductions for green hydrogen, a fuel predicted to become pivotal in decarbonizing the U.S. economy, experts said Feb. 10. The opportunity lies in co-locating renewable power facilities with electrolyzers — energy-intensive systems that break water […]

February 12, 2021 Read More →

Florida utility begins construction of major battery storage facility

Energy Storage News: Construction work has begun in the US on what is claimed to be the world’s biggest solar-charged battery storage project, by utility company Florida Power & Light (FPL). FPL, which is a subsidiary of major US power producer NextEra Energy, announced its plans for the 409MW/900MWh project, FPL Manatee Energy Storage Center […]

February 3, 2021 Read More →

NextEra eyes 30GW of new renewable energy development by 2024

S&P Global Market Intelligence ($): NextEra Energy Inc. raised its projection for renewable energy development through next year and expects to have its largest construction program ever in 2023 and 2024 as the company moves to capitalize on rising demand for clean energy. NextEra, which owns the regulated utility Florida Power & Light Co., expects […]

January 27, 2021 Read More →

Florida Power & Light closes its last coal-fired power plant in the state

Power Engineering: Florida Power & Light’s last coal-fired plant in that state has officially closed. The formal retirement of Indiantown Cogeneration Plant came as the clock struck midnight on Dec. 31. FPL acquired the plant three years earlier for the sole purpose of shutting it down. FPL is owned by NextEra Energy Inc. Another NextEra […]

January 15, 2021 Read More →

NextEra moving forward with Montana’s largest wind farm near Colstrip coal plant

Billings Gazette: Construction of what’s expected to be Montana’s largest wind farm will begin in 2021 just beyond the shadow the coal-fired Colstrip Power Plant. NextEra Energy Resources will plug into the grid at Colstrip substation, to target markets in the Pacific Northwest. Its Clearwater Wind project, with a 750-megawatts capacity, will be three times […]

January 5, 2021 Read More →