NextEra CFO: Battery storage is starting a ‘real revolution’ in electric industry

first_img FacebookTwitterLinkedInEmailPrint分享PV Magazine:1.5 cents per kilowatt-hour. That’s how much NextEra Chief Financial Officer (CFO) Jim Ketchum estimates that batteries will add to the cost of solar and wind projects that the company has built over the last six to 12-months, as revealed in the company’s results call yesterday.But that’s not all. Ketchum further added that he expects this cost to fall to around half a cent per kilowatt-hour in the middle of the next decade. “Early in the next decade, mid-next decade, it’s going to probably be about $0.005 a kilowatt hour add, maybe $0.01, but probably closer to about $0.005. And so if we find ourselves in a marketplace where we are selling wind right around $0.02, I mean, a combined wind and solar product probably looks roughly around $0.025. Solar, into the next decade, probably looks more like a $0.03 product, sub-$0.03 in some markets. You add half a penny on that on the high end, you’re probably at about $ 0.035 a kilowatt hour.”NextEra CEO Jim Robo added to this, noting that batteries are allowing the company to provide “firm” power. “We’re right at the beginning of, I think, a real revolution in this country in terms of how electricity is – how storage interacts with electricity on the grid, and how we’re going to start delivering much different, firm, renewable products to our customers going forward,” stated Robo on the results call.CFO Ketchum elaborated on that statement, noting that the economics of wind and solar are going to allow these resources to out-compete existing conventional power plants – and potentially knock them off the grid. “As battery cost declines and efficiency gains are realized during the four-year start of construction period, we continue to expect that in the next decade new nearly firm wind and solar, without incentives, will be cheaper than the operating costs of traditional inefficient generation resources, creating significant opportunities for new renewables growth going forward.”These confident statements about the costs and abilities of solar and wind plus storage come as the company has reached a record backlog of 7.4 GW of solar, wind and energy storage projects. This includes nearly 2 GW of solar projects that the company has contracted to put online through 2020. During the quarter NextEra added 692 MW of solar projects and 90 MW of battery storage to its backlog.The large majority of this, at 1.48 GW of solar and 75 MW of battery storage, is planned for the 2019-2020 timeframe, however NextEra is also planning projects after 2020, and notes that the new IRS guidelines on the beginning of construction allow the company to claim the full 30% Investment Tax Credit for projects that it puts online as late as 2023, as long as they have started construction in 2019.More: NextEra expects storage to add half a cent to solar in mid-2020’s NextEra CFO: Battery storage is starting a ‘real revolution’ in electric industrylast_img read more

They are ‘ex-citizens’: Jokowi disowns overseas Indonesian IS supporters

first_imgTopics : “Once the data is completed and put into an immigration database, we can ban them from entering [the country],” he went on to say, adding that the IS sympathizers “are ex-citizens”.Citing data from the United States’ Central Intelligence Agency, Coordinating Political, Legal and Security Affairs Minister Mahfud MD previously said that some 689 Indonesians had been identified as IS sympathizers in Syria and Turkey, as well as other countries.Read also: BREAKING: Indonesia not repatriating IS fighters to protect nation from ‘terrorist virus’According to the data, some 228 people still hold identification as Indonesian citizens while others do not have proper documents to prove their citizenship. Indonesian authorities have previously suggested that most of the Indonesian IS supporters are women and children. Editor’s note: The number of identified Indonesian IS supporters has been corrected from 698 to 689. We apologize for the mistake. President Joko “Jokowi” Widodo has decided to ban Indonesian nationals who joined the Islamic State (IS) movement in Syria from returning to Indonesia, calling them “ex-citizens”, as he instructed his aides to immediately sort out their identities and put them on the immigration database. The move followed the government’s decision not to repatriate some 689 Indonesian IS supporters currently stranded abroad, with the government saying that it would prioritize the safety of the hundreds of millions of citizens at home.“During the Cabinet meeting [on Tuesday], I gave an order to identify each of the 689 people, including their names and where they came from,” Jokowi told reporters on Wednesday. When asked about the IS sympathizers’ fate, now that Indonesia had decided against their return, Jokowi said that joining IS “was their own decision” and that “they would have calculated” the risks from doing so. “We will still provide opportunities for orphans [to return home], those who are children under 10 years old,” Jokowi said, “But so far we still don’t know if there are any.”Prior to Tuesday’s Cabinet meeting, Jokowi had voiced his personal disapproval of the idea of repatriating Indonesian IS supporters, although he added that the decision would be made after hearing from relevant ministries.Mahfud also conveyed a personal view similar to Jokowi’s, saying that repatriating IS fighters could pose a danger to the country.last_img read more