NextEra to Install Enough Batteries to Power RI for 4 Hours

1) New York State is pushing its next wind solicitation of 2,500 WM, w/a 9,000-megawatt offshore goal. However, this new solicitation will be delayed at the request of NYSERDA, owing to COVID-19.

2) Coal is getting destroyed by the coronavirus, and analyst Wood Mackenzie indicates coal demand down between 35% and 40% from 2019. Overall electric demand has dropped 5% - 10%, and most expensive resource is always the first baby kicked out of the bed. In this case, it's coal.

3) Solar cell efficiencies have shot higher, w/3 new records set in April. Two at NREL and one in Germany. A NRELs 6-junction solar cell, w/intensified light hit 47.1% efficiency, & in normal lighting conditions, hit 39.2%. 3rd record in Germany, w/perovskite pegging out at 24.16%.

4) NextEra keeps rolling, adhering to 2020 delivery schedules w/o slippage, and adding 1,600 MW of new projects in Q1. Included are 460 MW of batteries. NEE will invest over $1 billion in battery projects in 2021 - would be sufficient to power Rhode Island for a full four hours. So, lucky if you're in Rhode Island... ;-)