Entergy, NextEra to jointly develop energy storage projects

Entergy, NextEra to jointly develop energy storage projects

Entergy, NextEra to jointly develop energy storage projects 150 150 Batteries International

June 14, 2024: US independent power producer, NextEra Energy Resources and utility firm, Entergy, announced on June 7 a five-year, 4.5GW joint development pipeline of solar and storage projects. 

The agreement will enable Entergy to provide renewable energy to more than three million customers in Arkansas, Louisiana, Mississippi and Texas, said Rob West, group president of utility operations.

In the US, Entergy already has a portfolio of 14 operating solar projects with a combined capacity of 585MW, alongside two solar-plus-storage projects in operation with a capacity of 101MW.

This agreement will allow it to access NextEra’s supply chain and leverage its development expertise to expand its own renewable energy portfolio, according to a spokesperson.

The planned venture comes less than three months after an expedited review process approved Entergy plans for a 3GW expansion in Louisiana.

This, along with the 4.5GW partnership with NextEra was triggered by growing demand for clean energy across the Entergy service area, a spokesperson said. They also confirmed that the joint agreement does not prevent Entergy from also entering into PPA’s with NextEra, as it has done in the past.

“We believe the power sector is at an inflection point, and growing electricity demand will be met by low-cost, renewable generation and storage,” said Rebecca Kujawa, president and CEO of NextEra. “This agreement strengthens our long-standing collaboration and adds up to 4.5GW on top of the more than 1.7GW of renewable energy projects already underway with Entergy.”

Exact locations have yet to be announced and a company spokesperson said it “remains premature” to discuss specific projects “or speculate on what projects the parties might engage on”.