To NextEra Energy stakeholders:
At Next Era Energy, thinking and acting responsibly and sustainably are what we're all about. These principles are core to our vision and our business strategies, and have been for decades. As one of the world's largest clean energy companies and the world leader in generating renewable energy from the wind and sun, we're working day in and day out to help create a more sustainable world.
Much of what we're doing involves deploying people and technology in new ways for the benefit of this and future generations. Recent examples include:
- Wind energy:
Taller towers, longer turbine blades and more efficient ways to capture wind energy have reduced costs at some of our projects by up to 50 percent over the last several years.
- Solar energy:
Lower costs for solar modules have significantly improved the economics of grid-scale solar, including the three projects our electric utility Florida Power & Light Company (FPL) expects to bring online by the end of this year.
- Storage technologies:
These innovations could greatly improve the economics of renewable energy, but are already cost-effective at several of our projects for frequency regulation and other applications.
- Clean natural gas:
Technology is improving economics across the energy value chain, including in power generation. When it begins operation, which is planned for 2019, FPL's newest combined-cycle natural gas power plant in Okeechobee County, Fla., is expected to be one of the cleanest, most efficient facilities of its kind in the world.
You can find more details on our sustainability performance throughout this report and on our company websites, including www.NextEraEnergy.com, www.FPL.com, and www.NextEraEnergyResources.com.
James L. Robo, Chairman and Chief Executive Officer