NextEra Energy targets more than $20bn in hydrogen capital investment

By Dominic Ellis on May 09, 2023

NextEra Energy is evaluating more than $20bn in hydrogen capital investment opportunities and in excess of 15GW of new renewables deployment beyond 2026.

The company recently announced potential opportunities of 300-tonnes-per-day of clean hydrogen production powered by around 1.3GW of new renewables.

It is working on a clean hydrogen project potentially powered by FPL solar; another with Linde to support the West Coast mobility market; a large solar facility to support green hydrogen project in the central US; and a green hydrogen project with CF Industries to support ammonia production.

The hydrogen push dovetails with its new vision to become a fully ‘pure play’ renewables company, selling natural gas pipeline assets and achieving ‘real zero’ in 2025.

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