While many companies have pledged to reduce greenhouse-gas emissions with “net zero” plans that involve buying carbon credits, America’s largest power company is attempting something quite different: “real zero.”
NextEra Energy Inc.
the owner of Florida Power & Light and one of the world’s biggest renewable energy developers, is set to announce Tuesday that it plans to make most of its operations completely carbon-free by 2045, by building huge solar farms and converting its power plants to run on hydrogen fuel.
No major U.S. utility company to date has committed to near-total decarbonization without the use of offsets or carbon-capture technology. The strategy represents a big gamble for new NextEra Chief Executive John Ketchum, who earlier this year succeeded longtime CEO Jim Robo at a particularly difficult time for the U.S. electricity sector.
Utilities across the country are grappling with higher fuel
and labor costs, while renewable-energy and battery-storage developers face equipment and materials shortages that have delayed billions of dollars in projects and made them more expensive to build.
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