🌞 𝙀𝙣𝙩𝙚𝙧𝙜𝙮 𝙖𝙣𝙙 𝙉𝙚𝙭𝙩𝙀𝙧𝙖 𝙩𝙤 𝙅𝙤𝙞𝙣𝙩𝙡𝙮 𝘿𝙚𝙫𝙚𝙡𝙤𝙥 4.5 𝙂𝙒 𝙤𝙛 𝙀𝙣𝙚𝙧𝙜𝙮 𝙎𝙩𝙤𝙧𝙖𝙜𝙚 𝙋𝙧𝙤𝙟𝙚𝙘𝙩𝙨 Utility firm Entergy and a unit of NextEra Energy, Inc. have entered into an agreement to develop up to 4.5 gigawatts (GW) of new solar and energy storage projects over the next five years. This initiative aims to provide renewable energy to more than 3 million customers across Arkansas, Louisiana, Mississippi, and Texas. Why It Matters: The U.S. solar industry is thriving, bolstered by federal and state policies promoting clean energy to meet climate goals. Wood Mackenzie and the Solar Energy Industries Association project the U.S. will install roughly 40 GW of solar capacity in 2024. The U.S. Energy Information Administration forecasts an 89% increase in U.S. battery storage by the end of 2024. Key Quotes: "We believe the power sector is at an inflection point, and growing electricity demand will be met by low-cost, renewable generation and storage," said Rebecca Kujawa, CEO of NextEra Energy Resources. This agreement adds up to 4.5 GW on top of the more than 1.7 GW of renewable energy projects already underway with Entergy. 🔗 Read more on Reuters: [Entergy, NextEra to Jointly Develop 4.5 GW of Energy Storage Projects](https://www.reuters.com) ♻️ Repost this for your network. Thank you! #Entergy #NextEraEnergy #RenewableEnergy #SolarPower #EnergyStorage #CleanEnergy #Reuters https://lnkd.in/gYcQtYNd
Maurice B. Shaw’s Post
More Relevant Posts
-
NextEra, one of the top clean energy operators in the US, along with utility giant Entergy, has announced a major initiative to develop 4.5GW of solar and storage projects over the next five years. Although specific locations and timelines for these projects haven't been disclosed, both companies have substantial renewable energy portfolios in the US. Entergy, for example, currently operates 14 solar projects with a total capacity of 585MW and two solar-plus-storage projects with 101MW capacity. Entergy's Group President, Rod West, highlighted the benefits of this collaboration, emphasizing the provision of affordable renewable energy to customers in Arkansas, Louisiana, Mississippi, and Texas. Currently, the two firms are working on 1.7GW of renewable energy projects. Entergy plans to add 2.9GW of solar capacity by 2028 and has four solar-plus-wind projects in the pipeline, aiming for a combined capacity of 4.9GW by 2029. NextEra is expanding its battery energy storage systems (BESS) across 19 states, including Arkansas and Texas, and has shown strong growth in its solar projects. In 2023, NextEra added 1.2GW of solar capacity and reported a net income of $112 million in the fourth quarter. This new partnership with Entergy is expected to further boost their renewable energy expansion. #renewableenergy #solarpower #cleanenergy #energystorage #nextgenpower #sustainablefuture #greeninnovation
To view or add a comment, sign in
-
Entergy and NextEra Energy, Inc. plan 4.5GW of solar and storage projects The joint development agreement is a step towards expanding Entergy’s renewable energy portfolio. Entergy utility operations group president Rod West stated: “We’re excited about this joint development agreement, which will enable Entergy to provide our customers with low-cost, renewable energy as demand grows across Arkansas, Louisiana, Mississippi and Texas.” NextEra Energy Resources president and CEO Rebecca Kujawa stated: “We believe the power sector is at an inflection point, and growing electricity demand will be met by low-cost, renewable generation and storage. “We’re pleased to reach this agreement because it further strengthens our long-standing collaboration and adds up to 4.5GW on top of the more than 1.7GW of renewable energy projects already underway with Entergy.” For the full article click the link below: https://lnkd.in/escNMXz3
Entergy and NextEra Energy plan 4.5GW pf solar and storage
power-technology.com
To view or add a comment, sign in
-
4.5 GWs of new renewable generation coming up in southern USA for supporting energy demand across the states of Arkansas, Louisiana, Mississippi and Texas! USA is getting closer to the goal of 80% renewable energy generation by 2030, and 100% carbon free electricity by 2035.
I am excited to announce that NextEra Energy Resources has entered into a joint development agreement with Entergy to accelerate the development of up to 4.5 gigawatts of new storage and renewable energy projects. This collaboration represents a significant milestone in advancing Entergy's renewable generation portfolio. The power sector is at an important inflection point. We expect the significant new energy demand to be met primarily with renewable generation and storage, and this agreement will enable Entergy to provide customers across Arkansas, Louisiana, Mississippi and Texas with low-cost, reliable energy solutions. It's a great example of how collaboration can help meet the rapidly increasing demand for energy. Together, we are powering the growth in the American economy. #cleanenergy #renewables #storage
Entergy and NextEra Energy Resources announce agreement to develop up to 4.5 GW of new solar and energy storage projects
newsroom.nexteraenergy.com
To view or add a comment, sign in
-
Renewable energy projects are crucial for reducing reliance on fossil fuels and advancing towards sustainability. They involve the development of technologies like solar, wind, and storage solutions to produce clean energy. Collaborations between companies, such as NextEra Energy Resources and Entergy, are significant for meeting the growing demand for renewable energy and achieving clean energy targets. However, most profoundly they set the stage for the energy independence that will be the foundation of global peace and prosperity.
I am excited to announce that NextEra Energy Resources has entered into a joint development agreement with Entergy to accelerate the development of up to 4.5 gigawatts of new storage and renewable energy projects. This collaboration represents a significant milestone in advancing Entergy's renewable generation portfolio. The power sector is at an important inflection point. We expect the significant new energy demand to be met primarily with renewable generation and storage, and this agreement will enable Entergy to provide customers across Arkansas, Louisiana, Mississippi and Texas with low-cost, reliable energy solutions. It's a great example of how collaboration can help meet the rapidly increasing demand for energy. Together, we are powering the growth in the American economy. #cleanenergy #renewables #storage
Entergy and NextEra Energy Resources announce agreement to develop up to 4.5 GW of new solar and energy storage projects
newsroom.nexteraenergy.com
To view or add a comment, sign in
-
Entergy and NextEra Energy Resources Partner to Develop Up to 4.5 GW of Solar and Energy Storage Projects Entergy and NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc., have announced a joint development agreement to accelerate the creation of up to 4.5 gigawatts (GW) of new solar generation and energy storage projects. This agreement marks a significant milestone in expanding Entergy’s renewable energy portfolio. Rod West, Group President of Utility Operations for Entergy, expressed enthusiasm for the partnership, stating, “This joint development agreement will allow Entergy to provide our customers with low-cost, renewable energy as demand continues to grow across Arkansas, Louisiana, Mississippi, and Texas.” Rebecca Kujawa, President and CEO of NextEra Energy Resources, highlighted the […] Read the full story here: https://lnkd.in/gERMUUx6 #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #greenenergy #nexteraenergy #northamerica #renewableenergy #solarenergy
Entergy and NextEra Energy Resources Partner to Develop Up to 4.5 GW of Solar and Energy Storage Projects
http://solarquarter.com
To view or add a comment, sign in
-
I am excited to announce that NextEra Energy Resources has entered into a joint development agreement with Entergy to accelerate the development of up to 4.5 gigawatts of new storage and renewable energy projects. This collaboration represents a significant milestone in advancing Entergy's renewable generation portfolio. The power sector is at an important inflection point. We expect the significant new energy demand to be met primarily with renewable generation and storage, and this agreement will enable Entergy to provide customers across Arkansas, Louisiana, Mississippi and Texas with low-cost, reliable energy solutions. It's a great example of how collaboration can help meet the rapidly increasing demand for energy. Together, we are powering the growth in the American economy. #cleanenergy #renewables #storage
Entergy and NextEra Energy Resources announce agreement to develop up to 4.5 GW of new solar and energy storage projects
newsroom.nexteraenergy.com
To view or add a comment, sign in
-
Louisiana Public Service Commission Opens Path for Commercial and Industrial Access to 500 MW of Renewable Power In a significant move to bolster renewable energy access, the Louisiana Public Service Commission has introduced a new rule allowing large commercial and industrial customers to tap into up to 500 megawatts (MW) of renewable power. This decision is driven by the need for these customers to remain competitive in their respective markets. Currently, Louisiana has a solar power capacity of 600 MW, which contributes to less than 1% of the state’s electricity, according to the Solar Energy Industries Association. Monika Gerhart, Executive Director of the Gulf States Renewable Energy Industries Association (GSREIA), expressed optimism about the rule. “Our member […] Read the full story here: https://lnkd.in/dPqv-VdF #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #america #louisianapublicservicecommission #northamerica #ppa #renewableenergy #seia
Louisiana Public Service Commission Opens Path for Commercial and Industrial Access to 500 MW of Renewable Power
http://solarquarter.com
To view or add a comment, sign in
-
The U.S. Dept. of Energy (DOE) today announced up to $22 million to improve planning, siting and permitting processes for large-scale renewable energy facilities. Six state-based projects will receive $10 million through the Renewable Energy Siting through Technical Engagement and Planning (R-STEP) program to develop and expand statewide initiatives that provide expertise, trainings and technical resources to local governments and communities as they plan for and evaluate large-scale renewable energy and energy storage projects. DOE also announced its intent to open a second round of the program with up to $12 million in funding from the Inflation Reduction Act. “Solar and wind energy and battery storage are on the rise throughout America. This year, we expect these to make up a record-breaking 94% of our nation’s new electric-generating capabilities,” said U.S. Secretary of Energy Jennifer M. Granholm. “Often, the biggest barrier to deploying that clean generation is siting and permitting. The Biden-Harris Administration is helping provide local leaders with the resources needed to deploy more clean energy to their residents in a way that is tailored to their unique needs.” Solar and wind power will need to provide up to 80% of U.S. electricity to achieve 100% clean electricity by 2035, so removing barriers to rapid deployment is critical. A significant portion of large-scale renewable energy and energy storage projects are likely to be built on private lands, where state and local authorities make permitting decisions. The R-STEP collaboratives will evaluate the needs of their stakeholders and develop state-specific educational materials and technical assistance programs. #solarenergy #renewableenergy #solarpower
DOE doles out $10 million for improved large-scale renewable energy permitting processes
https://www.solarpowerworldonline.com
To view or add a comment, sign in
-
Texas is increasingly relying on renewable energy to stabilize its power grid amid surging electricity demand. Once known primarily for oil, Texas is now making substantial strides in #solarpower and #batterystorage ensuring grid reliability during extreme weather conditions and record-high energy consumption. In 2024, solar farms and battery storage played a critical role in meeting Texas’s energy needs, which are projected to double in the coming years. With battery storage capacity expected to double by year-end, Texas is catching up with California in renewable energy leadership. Despite past grid failures, such as the winter freeze of 2021, Texas’s mostly deregulated energy market has facilitated rapid renewable energy expansion. Solar power and battery storage have become essential in addressing peak demand, showcasing Texas’s ability to innovate and adapt. As the state continues its renewable energy journey, solar and storage solutions will play an increasingly significant role in meeting Texas’s future energy needs. #texas #renewableenergy #solar #batterystorage #energytransition #solarpower #gridstability #solarpowered #solarinstallation
Texas Leverages Renewable Energy to Stabilize Its Power Grid Amid Surging Demand
http://www.onegreenplanet.org
To view or add a comment, sign in
-
Last year, Scott Moore, Vice President of Renewables at American Wire Group, was featured in enerG Magazine Ask the Energy Expert series, offering guidance to installers on managing solar projects. Today, he emphasizes the next critical phase of the Energy Transition—battery energy storage systems (BESS), sharing his valuable insights. "Clean energy generation exceeded coal for the first time in 2022, and today we are experiencing unprecedented levels of solar and wind projects across the United States. As the renewable energy sector continues to evolve, one of the most significant trends we're seeing is the rise of battery energy storage systems. These technologies are not just complementing our capacity to harness and utilize solar and wind energy more efficiently, but they are also essential in stabilizing the grid and enhancing energy security. These systems are pivotal for enhancing the reliability and efficiency of renewable energy projects. They ensure a stable energy supply even when the sun doesn't shine or the wind doesn't blow. As we continue to innovate and drive forward the capabilities of these storage solutions, their role becomes increasingly crucial in our journey towards a more sustainable and resilient energy grid. Battery storage is not just an enhancement—it's becoming a fundamental component of renewable infrastructure. Planning is the key, and our extensive inventory at American Wire Group is ready to ship in days, not weeks, to empower your future renewable energy projects!" #EmpoweringABetterWorld
To view or add a comment, sign in
Graphic Designer | Professional Graphics Design
6moAs a graphic designer specializing in creating stunning visuals, I appreciate the strategic collaboration between Entergy and NextEra Energy. The commitment to renewable energy aligns with the forward-thinking nature of impactful design projects. Let's connect and explore how we can visually amplify important sustainability initiatives.