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NextEra Energy to Boost Energy Storage Deployment Amid Rising Demand and Improved Economics, FPL Plans 4 GW Expansion.

NextEra Energy and its subsidiary companies are planning to increase their deployment of energy storage in response to rising demand and improved economics. The move comes as Florida Power & Light (FPL) plans to roughly double its planned battery storage deployment to over 4 GW over the next 10 years. The company also plans to construct some storage projects earlier than anticipated in the 2023 version of the site plan. Plans for 21 GW of solar generation for FPL remain unchanged. Rebecca Kujawa, president and CEO of NextERA Energy Resources, said that while solar and energy storage are currently the most economical means of generating electricity in many parts of the country, they believe they will likely add more storage due to its attractive overall economics and value proposition for their customers. The firm also noted an increase in demand for solar and storage from customers across the US.

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