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The Most Valuable U.S. Power Company Is Making a Huge Bet on Hydrogen

Katherine Blunt of The Wall Street Journal reports on NextEra’s push for green hydrogen.

The C3 Take
  • The Florida-based utility company has said that it sees the potential to invest over $20 billion into green hydrogen and will utilize tax credits that were implemented under recent legislation.
  • NextEra is partnering with a fertilizer producer to develop a 100-megawatt green hydrogen facility in Oklahoma.
  • NextEra is also planning to convert many of its natural gas power plants to run on hydrogen.
  • A large clean energy generator, NextEra says that the permitting challenges surrounding renewables are pushing the company to invest in hydrogen.

“NextEra is placing its wager as it becomes increasingly challenging to develop renewable-energy projects. Federal and local permitting for such projects is time-consuming, supply-chain snarls have slowed progress, and opposition is mounting in communities around the country.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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