NextEra Energy Resources

This week, I attended an event celebrating a new 30.2-megawatt solar facility at the Phillips 66 Rodeo Renewable Energy Complex, alongside Phillips 66 executives Mark Lashier, chairman and CEO, and Zhanna Golodryga, executive vice president of emerging energy and sustainability. This innovative solar facility demonstrates how renewable energy can integrate seamlessly with industrial operations that drive our country’s growth. This is the largest behind-the-meter solar project we've developed. We're thrilled the renewable energy produced will power the Rodeo Renewable Energy Complex, where Phillips 66 produces renewable diesel and sustainable aviation fuel. This collaboration with Phillips 66 underscores our commitment to building strong relationships and designing custom solutions that not only meet our customers' needs but also set new industry standards. I’m excited about the possibilities that lie ahead.

This week, I attended an event celebrating a new 30.2-megawatt solar facility at the Phillips 66 Rodeo Renewable Energy Complex, alongside Phillips 66 executives Mark Lashier, chairman and CEO, and Zhanna Golodryga, executive vice president of emerging energy and sustainability. This innovative solar facility demonstrates how renewable energy can integrate seamlessly with industrial operations that drive our country’s growth. This is the largest behind-the-meter solar project we've developed. We're thrilled the renewable energy produced will power the Rodeo Renewable Energy Complex, where Phillips 66 produces renewable diesel and sustainable aviation fuel. This collaboration with Phillips 66 underscores our commitment to building strong relationships and designing custom solutions that not only meet our customers' needs but also set new industry standards. I’m excited about the possibilities that lie ahead.

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