NextEra Energy Resources

This morning, we shared our Q3 financial results with investors. I’m proud of the team for their dedication and adding roughly 3 gigawatts (GW) to our backlog for the second quarter in a row. Our customers continue to recognize and value the unique capabilities we bring to the table. This quarter, we announced framework agreements with two Fortune 50 companies for the potential development of renewable and storage projects totaling up to 10.5 GW through 2030. These relationships underscore the growing demand for renewable energy solutions, and we’re proud to support our customers in meeting their goals by offering comprehensive, innovative systems solutions. http://spr.ly/6040qIX8M

The Babbitt Ranch Energy Center, located in Coconino County, AZ, is a great example of how collaboration can transform our industry. We are thrilled to work with Salt River Project, Arizona State Government Land Department and Babbitt Ranches to bring 161 MW of new clean energy to the area. We are pleased to be involved in this incredible project, which is critical to meeting the growing energy demand in Arizona and our nation. We look forward to delivering affordable, homegrown energy for years to come.

NextEra Energy Resources recently celebrated the commissioning of Riverview Energy Systems, LLC, a joint venture with DTE Vantage. The project captures the biogas created in the Riverview Land Preserve and transforms it into pipeline quality renewable natural gas. Thanks to everyone who made this project a success!

Annual events such as #ClimateWeekNYC are great opportunities to take a step back and reflect on what has changed since we last met. This year, the biggest shift is the surge in power sector demand, presenting both opportunities and challenges for the energy transition. Rising demand driven by AI, industrial electrification and reshored manufacturing makes scaling renewables, storage and low- or no-carbon capacity more urgent than ever. We also need to rethink our grid infrastructure to support these changes. The urgency is clear - we must accelerate our progress. Reflecting on #ClimateWeekNYC, my final session of the week was at The Wall Street Journal, where I joined a conversation moderated by Willem Marx with Kate Brandt, Olivia Wassenaar and Daniel Hanna. Here are my key takeaways: ⏰ The time to act is now. Renewables are not just part of the solution—they are crucial to meeting growing energy demand. 💡 We need innovation and a collective systems approach, involving stakeholders across the power sector, government, finance and commercial entities, to address these challenges effectively. 💵 Significant capital investment is required. NextEra Energy Resources plans to invest roughly $70 billion in clean energy infrastructure such as renewable energy, storage and transmission in the next four years alone, but broader collaboration is essential. Conversations at forums like #ClimateWeekNYC are just the beginning; progress depends on the actions we take afterward. Let’s work together to accelerate change and create lasting impact. #EnergyTransition #RenewableEnergy #InnovateforImpact

Meeting the energy demand will be a monumental undertaking, requiring immense levels of investment, which underscores the scale and necessity of the transformation underway. Our latest blog explores the strategies and investments needed to advance a resilient energy transition. Key takeaways include: >> A growing number of companies are balancing dual energy goals: securing the energy needed to grow and scale operations while at the same time achieving ambitious carbon reduction targets within aggressive timeframes. >> All sectors of the economy will need to make critical investments to develop and implement scalable, cost-efficient solutions, expand access to renewables and make the needed grid enhancements. >> The urgency of expanding and diversifying resources available on the grid is growing and mobilizing the financing for these initiatives will be a leading priority for many in the decades ahead. Read the full article: http://spr.ly/6043UJFLU

There's a reason why the theme 'It's Time' feels so fitting at this year's Climate Week in NYC. The challenges we face as part of the energy transition have been building for years, and now they've reached a point of urgency. But here's the good news: this urgency is driven, in part, by growth — growth that fuels economic development and global competitiveness as new technologies are developed, new manufacturing facilities are built and industries are electrified. This growth gives us a powerful incentive to tackle these challenges head-on, right now. This pivotal moment demands creative solutions and close collaboration across the business sector and beyond. In the U.S. alone, power demand is expected to grow by 38% over the next 20 years. Renewables and energy storage offer cost-effective, quick-to-market solutions, but the need for investment in grid infrastructure, especially transmission, has never been greater. It was inspiring to engage with fellow leaders at Edison Electric Institute, McKinsey & Company, and #ClimateWeekNYC yesterday, discussing how to tackle challenges and seize opportunities to reduce carbon emissions. Together, we are building on the progress made to ensure the energy transition is not only ambitious but also actionable.

Sponsoring Day of Caring is just one of the many ways that NextEra Energy Resources partners with Granite United Way to make a significant impact in our community! NextEra is dedicated to corporate social responsibility and their employees are always ready to roll up their sleeves to volunteer.

Today, we announced our latest collaboration with Google and Omaha Public Power District – NextEra Energy Resources' Pierce County Energy Center. This center will be a 420-MW solar project and 170-MW/4-hour-duration battery storage energy system that will support Google’s carbon-free energy goals and provide Nebraskans with access to clean, reliable and low-cost energy. NextEra Energy Resources has invested more than $820 million in Nebraska since 2013. And more than that, University of Nebraska-Lincoln estimates the project will also create more than 540 jobs during construction and $5.7 million in annual economic activity during the project’s lifespan. Collaborations like this, which bring together the developer, the utility and the end user, are key to addressing grid reliability and capacity challenges as well as economic investment in communities across the United States. #Solarenergy #batterystorage #collaboration

At NextEra Energy Resources, innovation and problem solving drive everything we do. Our vision is to stay at the forefront of transformative technologies and continue leading the energy industry forward. Thanks in part to a grant from the DOE Office of Clean Energy Demonstrations, we're excited to explore long-duration battery storage systems that could redefine how we store and deliver clean energy. By testing these systems at our solar and wind sites in Wisconsin, North Dakota and Oregon, we aim to push the boundaries of what's possible for the future of energy. This pilot reflects our commitment to discovering breakthrough technologies that meet today’s needs while accelerating tomorrow's transition. Key questions guide us: Will these innovations perform as well in the field as they have in the lab? And can they be efficient and cost-effective solutions for the energy markets of the future? We're dedicated to finding bold solutions that will shape the future of clean energy.

Thank you to McKinsey Global Institute and Mekala Krishnan for a stimulating conversation on the tremendous momentum in demand we are experiencing in the energy sector. As we work to transform the energy landscape, we’ve always known that dealing with the “hard stuff” – like building more transmission and rethinking how we run our grids – would be essential. The exciting news is that the rapid load growth we’re seeing now adds urgency to solving these critical issues. Tackling them today will not only strengthen America’s economy and global competitiveness but also ensure a more resilient, sustainable future. Now is the time to be ambitious and forward-thinking about the investments we make in our grid infrastructure. With urgency comes opportunity. These challenges create unique opportunities to take the bold steps we need for tomorrow’s energy future.