Investor Presentation
We believe decarbonization will be driven by the low cost of
renewables and will require a set of core skills that have
been two decades in the making at NextEra Energy
Economic Drivers and Core Skills Required
Potential Cost per MWh Late-2020s (1)
Near-Firm Wind
Near-Firm Solar
Existing Natural Gas
Existing Nuclear (2)
Existing Coal (2)
New Natural Gas CC
($/MWh)
EV and
Hydrogen
Mobility
Comprehensive
Renewables
and Storage
Capabilities
Superior Sites
and
Interconnections
$25-$32
$30-$37
(2)
$35-$47
$34 $49
$43 $74
$56-$69
Transmission
Capabilities
Carbon Adder
Storage Adder (3)
U.S. Electricity Production by Fuel Type (4)
Hydrogen
and
Renewable
Fuels
~160 GW
U.S. renewables
and storage
demand
2022-2025(5)
Data Analytics
and Software
Market
Knowledge
and Retail
2021
Wind & Solar
26
2035E
Natural Gas Nuclear Coal
Other
Firming and
Shaping
Behind the
Meter
Renewables
1) Energy Resources' estimate, based on current law
Represents all-in cash operating cost per MWh including fuel and ongoing capital expenditures
3) Near-firm assumes a 4-hour battery to achieve roughly equivalent reliability during peak hours for comparison
with dispatchable generation sources
45
Source: U.S. EIA Annual Energy Outlook (2021); IHS 2021 Fast Transition Case (2035E)
Source: IHS North American Power Market Outlook (November 2021)
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