By Chris Wack

 

NextEra Energy Resources LLC said Monday it had a suite of clean energy storage developments in California that could nearly double the total installed capacity of battery storage available in the U.S. at present.

The energy company said it plans to build nearly 700 megawatts of fully-contracted battery storage projects in California before the end of 2022.

The battery storage projects will be co-located at six existing NextEra Energy Resources solar projects and include the previously announced 63 MW at Blythe 110 Solar Energy Center, 115 MW at Blythe II Solar Energy Center and 230 MW at the McCoy Solar Energy Center.

"California needs significant investment in battery storage to meet its aggressive clean energy goals," said NextEra Energy Resources President and Chief Executive John Ketchum. "NextEra Energy Resources is answering the call with nearly 700 MW of battery storage projects representing a capital investment of nearly $800 million."

Once these projects are operational by the end of 2022, NextEra said, Californians will benefit from more low-cost, emission-free solar energy during more hours of the day, as well as improved reliability across the regional electric grid.

In addition to the fully-contracted projects that are expected to come online by the end of 2022, NextEra Energy Resources has a current pipeline of nearly 2,000 MW of shovel-ready or near shovel-ready battery energy storage projects in California that could be deployed to help meet the energy storage capacity requirements put forth by the CPUC.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

August 31, 2020 12:53 ET (16:53 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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