NextEra Energy Resources has developed a pipeline of approximately 50 potential green hydrogen projects spanning the power, transportation and industrial sectors, according to company’s transcript of its third quarter earnings call.
These projects serve a variety of end uses, and similar to the strategy employed in wind, solar, battery storage and other areas, provide the opportunity to develop early learnings with relatively small investments to set the stage for much larger capital deployment as cost declines and technology improvements are realized. Over the next several quarters, the firm expects to add to this pipeline, while advancing select projects as it positions itself to continue to be a leader in the decarbonization of the energy sector.
“We remain excited about hydrogen’s long-term potential to further suppor
