NextEra Energy reveals decarbonisation strategy with 2045 'Real Zero' target of 90GW solar PV, 50GW battery storage

Jun 15, 2022 02:57 PM ET
  • NextEra Energy has actually revealed its new decarbonisation strategy, called Zero Carbon Blueprint, which includes eliminating all scope 1 and also 2 emissions from its operations by 2045 without the use of carbon offsets and also a massive rise in solar PV to 90GW by 2045.
NextEra Energy reveals decarbonisation strategy with 2045 'Real Zero' target of 90GW solar PV, 50GW battery storage
Image: NextEra Energy

Getting to the "Real Zero" goal, which NextEra has actually called "one of the most ambitious carbon emissions reduction goal ever established by an energy manufacturer", will require "considerable financial investment" in wind, solar, battery storage, nuclear, green hydrogen and other renewable sources, the company said in a declaration.

It said the Real Zero target rested, nonetheless, on "no incremental cost to clients about alternatives" and also its initiatives being "supported by cost-efficient modern technology improvements and also useful governmental policies and also incentives", despite its old CEO stating government support such as the Build Back Better was not vital to its goals.

The company has actually set interim milestones every 5 years to assist support its progress to Real Zero, with it preparing to get to a carbon emissions reduction price of 70% by 2025, higher than its formerly commitment. This would then boost to 82% in 2030, 87% by 2035 as well as 94% by 2040, previously hitting Real Zero no behind 2045.

" We've worked hard in establishing Real Zero to guarantee we have a legitimate technological pathway to accomplish our goals and well-defined milestones every five years so we and all stakeholders can track our development," John Ketchum, head of state and chief executive officer of NextEra Energy.

In addition to scope 1 and 2 emissions-- those related to an entity's very own procedures and not linked to the operations of distributors-- NextEra has actually additionally promised to make its scope 3 emissions, which stem from activities along its supply chain, even more clear.

It means to do so by "collaborating with supply chain partners in addition to clients on remedies to minimize as well as, eventually, eliminate these emission resources".

The Florida-based US utility additionally claimed that on top of its interior Real Zero objective, the Zero Carbon Blueprint will look for to help decarbonise more of the US power market with investments in renewable innovations in addition to targeting a wider decarbonisation of the US economic situation.

Florida Power & Light Company fulcrum of strategy

Breaking down the strategy also additionally, a "significant portion" is meant to take place at Florida Power & Light Company (FPL), which NextEra stated was the United States's largest electric utility offering over 12 million Floridians.

FPL's goal is to dramatically increase the improvement of its generation mix, reaching 36% decarbonised by 2025, 52% by 2030, 62% by 2035 and also 83% by 2040, culminating in 100% decarbonised by no later than 2045.

And also it prepares to do so through a massive boost of solar PV and battery storage. Presently, FPL produces practically 4GW of power from solar and NextEra wishes to increase this number to 90GW by 2045. When it comes to battery storage, FLP is seeking to include greater than 50GW of battery storage to FPL's grid, up from 500MW today.

In addition, there would be space for even more nuclear power, while the present gas use 16GW would certainly be replaced by green hydrogen in a procedure that would certainly "not result in any type of stuck generation possessions," NextEra said, which is seeking to end up being a "leader in green hydrogen production".

"This isn't a plan to plant trees or purchase offsets, however instead would be a full elimination of our incremental carbon emissions in Florida to the benefit of our consumers," said Eric Silagy, chairman and also CEO of FPL.

In general, NextEra claimed its strategy was a "clear vision with real effect" which it "has a clear running start due to decades of investments in and also release of clean energy modern technologies".

"We plan to take advantage of our playbook and our competitive advantage as a world leader in inexpensive renewables and energy storage to drive the US economic situation toward a cleaner, more sustainable future," included Ketchum.

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