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NextEra Energy Resources

CEF Lead Executives

Sustainability Goals

Current Sustainability Goals

2025 Goals

  • Reduce CO2 emissions rate by 70% (2005 baseline)


2030 Goals

  • Install 30 million solar panels by its subsidiary, Florida Power & Light Company


2045 Goals

  • Eliminate the company’s Scope 1 and Scope 2 emissions without the use of carbon offsets
  • Utilize 100% carbon-free sources like solar, wind, nuclear, and green hydrogen, as well as advances in energy storage


Past Goals Achieved

  • Its subsidiary, Gexa Energy, achieved its goal of shifting all residential plans to 100% renewable energy and providing every residential customer with green power at no additional cost in 2020

Latest Sustainability Reporting

Highlights



  • Reduced CO2 emissions rate 61% as of 2022 (from 2005).
  • Reduced absolute CO2 tons emitted 27% as of 2022 (from 2005).
  • Increased clean electricity generation 88% as of 2022 (from 2005).
  • Owned net generating capacity of 59.5 GW, with 44% of this from renewables (13% solar, 32% wind), 43% from natural gas, 10% from nuclear, and 3% from oil and coal.
  • CO2 emissions rate was 53% better than industry average in 2022 (up from 37% better in 2005).
  • Women increased to 25% of the workforce and 27% of management in 2022.
  • Minorities increased to 41% of the workforce and 29% of management in 2022.
  • In 2023, was ranked #1 in the electric and gas utilities industry on Fortune’s list of “Most Admired Companies” for the 16th time in 17 years and named to Newsweek’s list of America’s Most Responsible Companies for the third year in a row.

Recent News

2023

The Transatlantic Clean Hydrogen Trade Coalition (H2TC) This coalition aims to encourage and enable the first shipment of clean hydrogen from the U.S. to Europe by 2026. H2TC will focus on supporting first movers in the U.S. Gulf Coast and Northwestern Europe, with the goal of facilitating trade of more than 3 million metric tons per year of hydrogen in the form of ammonia and methanol through this corridor by 2030. The coalition, consisting of Mission Possible Partnership, RMI, Systemiq, Power2X, and industry partners, is building its membership and has so far been endorsed by over 20 companies, including CEF member NextEra Energy Resources. (October 2023)


Organized by Ceres, 31 companies submitted a joint letter to the U.S. Environmental Protection Agency, urging the EPA to finalize strong standards to curb climate pollution from U.S. power plants. The signatories noted their own ambitious commitments to reduce greenhouse gas emissions and emphasized the importance of strong standards to leverage recent federal investments in clean energy, which have made it even more cost-effective and technologically feasible to decarbonize the power sector. A second letter from the Clean Energy Group, a coalition of U.S. power providers (including CEF member Next Era Energy) serving more than 100 million Americans, also promoted their support for the EPA’s regulation of greenhouse gas emissions from power plants. (Aug 2023)

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Greenlane Daimler Truck North America, NextEra Energy Resources, and BlackRock Alternatives launched this new joint venture to design, develop, install and operate a U.S.-wide, high-performance zero-emission public charging and hydrogen fueling network for medium- and heavy-duty battery-electric and hydrogen fuel cell vehicles. The companies have committed more than $650 million in funding and will develop this infrastructure along critical freight routes on the east and west coasts and in Texas. Greenlane’s first site will be in Southern California. (May 2023)

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2022

Announced RealZero™, a first-of-its-kind goal to eliminate the company’s Scope 1 and Scope 2 emissions by 2045—without the use of carbon offsets. The RealZero goal comes with 5-year interim milestones, the next of which is a 70% reduction of emissions (2005 adjusted baseline) by 2025. RealZero is predicated on its companion plan, the Zero Carbon Blueprint™, which lays out the transition of NextEra’s power generation to 100% carbon-free sources like solar, wind, nuclear, and green hydrogen, as well as advances in energy storage. The transition will not only cut the company’s operational emissions with no incremental cost increase to customers; NextGen anticipates that the company’s ambition in achieving RealZero will position it as the “preferred partner” for companies across industries looking to cut their carbon footprint. (June 2022)

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BLACKROCK / MERCEDES-BENZ GROUP / NEXTERA ENERGY — Plan to collectively spend $650 million to build and operate an EV charging network for US truck routes in Texas and along the East and West Coasts by 2026. The companies will initially focus on electric medium- and heavy-duty vehicles, followed by hydrogen fueling stations for fuel-cell trucks and sites available for cars. (Feb 2022)

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2021

U.S. power sector emissions declined 10% from 2019 to 2020, according to a report by Entergy, Exelon, Bank of America, Ceres, and the Natural Resources Defense Council. 85 of the top 100 power producers generated power from zero-carbon sources in 2019, with Exelon, NextEra Energy, and Duke as the top 3 zero-carbon generators. (August 2021)
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Its subsidiary, Florida Power & Light Company, installed the first of more than 50,000 battery modules as part of the world’s largest solar-powered battery, which is now 75% complete. Each battery module can store an amount of solar energy equivalent to 2,000 iPhone batteries. Combined, the battery system will be equivalent to 100 million iPhone batteries. (August 2021)
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Announced a joint agreement with North America's largest school and public transportation operators, First Student and First Transit, to pursue the electrification of tens of thousands of school and public transportation vehicles across the U.S. and Canada. (January 2021)

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