News from NextEra's Earnings Call
Late last week, NextEra Energy Resources released their quarterly earnings statement. One of the largest utilities in the U.S., NextEra owns Florida Power & Light, and through its subsidiaries operates seven commercial nuclear power plants in three states.
This chart, from NextEra Energy, Inc.'s earnings call, caught our eye. On the left side, outlined in green dotted lines, is their projection for the cost of new onshore wind and solar power, with storage added, in 2030.
At $25-$50/MWh, wind power is projected to cost half of what new natural gas generation would cost, while the most expensive solar watts would still be cheaper than the cheapest gas-generated watt.
Additionally, NextEra’s projection for “Expected Deployment Timelines by Generation Type” (on the right side of the chart) shows renewables and storage as “ready now and fast to deploy,” compared to future natural gas generation or restarting a nuclear power plant.
📚 To read more about NextEra's earnings call check out: https://lnkd.in/gTvynMMB