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Entergy (NYSE: ETR) and NextEra Vitality Sources LLC, a subsidiary of NextEra Vitality Inc. (NYSE: NEE), final week introduced a joint growth settlement that can speed up the event of as much as 4.5 gigawatts (GW) of latest photo voltaic technology and vitality storage initiatives. The settlement represents important progress towards Entergy’s rising portfolio of renewable technology.
“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,” mentioned Rod West, group president of utility operations for Entergy.
“We believe the power sector is at an inflection point, and growing electricity demand will be met by low-cost, renewable generation and storage,” mentioned Rebecca Kujawa, president and chief government officer of NextEra Vitality Sources. “We’re pleased to reach this agreement because it further strengthens our long-standing collaboration and adds up to 4.5 GW on top of the more than 1.7 GW of renewable energy projects already underway with Entergy.”
The five-year joint growth settlement is anticipated to facilitate the event and development of latest photo voltaic technology and vitality storage initiatives.
About Entergy
Entergy (NYSE: ETR) is a Fortune 500 firm that powers life for 3 million prospects by way of our working firms in Arkansas, Louisiana, Mississippi and Texas. We’re investing within the reliability and resilience of the vitality system whereas serving to our area transition to cleaner, extra environment friendly vitality options. With roots in our communities for greater than 100 years, Entergy is a nationally acknowledged chief in sustainability and company citizenship. Since 2018, we now have delivered greater than $100 million in financial advantages every year to native communities by way of philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has roughly 12,000 workers.
About NextEra Vitality Sources
NextEra Vitality Sources LLC (along with its affiliated entities, “NextEra Energy Resources”) is a clear vitality chief and is without doubt one of the largest wholesale turbines of electrical energy within the U.S., with roughly 30,600 megawatts of complete internet producing capability, primarily in 41 states and Canada as of year-end 2023. NextEra Vitality Sources is the world’s largest generator of renewable vitality from the wind and solar, and a world chief in battery storage. The enterprise operates clear, emissions-free nuclear energy technology amenities in New Hampshire and Wisconsin as a part of the NextEra Vitality nuclear fleet. NextEra Vitality Sources affords a variety of fresh vitality options to assist companies and prospects throughout the nation meet their emissions discount objectives. NextEra Vitality Sources LLC is a subsidiary of Juno Seaside, Florida-based NextEra Vitality Inc. (NYSE: NEE). For extra data, go to: www.NextEraEnergyResources.com.
SOURCE: NextEra Vitality Sources, LLC
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