Latest news with #Ketchum
Politico
39 minutes ago
- Business
- Politico
Energy powerhouse to Republicans: Don't ‘take renewables off the table'
The head of the one of the nation's largest power providers said he agrees with Republicans on the need for the United States to bring back domestic manufacturing and to win the AI race. But the GOP bid to repeal clean energy tax credits, attack China using trade rules and boost the nuclear and coal industry will make their goal to dominate in energy impossible. NextEra Energy Chair and CEO John Ketchum told the POLITICO Energy Summit on Tuesday that the anticipated surge in power demand over the next 20 years could make the country vulnerable to energy shortages and reliability problems if 'we take renewables off the table.' 'We cannot afford to do that. If we do that, we will lose the AI race, and we will bring this economic expansion in the United States to a screeching halt,' said Ketchum, whose FPL utility subsidiary is the power provider for President Donald Trump's Mar-a-Lago home in Palm Beach, Florida. High costs and long timelines to build new natural gas and nuclear plants — both of which GOP members have championed — mean neither source will be able to meet the growth in demand until 2032 or later, Ketchum said, so policy needs to companies like his can tap into a variety of energy sources. 'Our job at NextEra is to get electrons on the grid, I don't care what flavor they are,' he added. 'I don't care if it's renewables, gas or nuclear, I have to get electrons on the grid to accommodate all of the demand that we see in this country and do it at a reasonable cost.' NextEra is the nation's biggest owner of natural gas-fired power plants and the world's leading generator of electricity from wind and solar power. On the House Republicans' megabill, he said that the 'foreign entity of concern' provisions that disqualify projects from receiving any tax credits if they have ties to China are 'unworkable' and impossible to comply with. When it comes to meeting America's needs, Ketchum said Republicans need to focus on equipment at a 'component level' and design a policy that is feasible for manufacturing companies to abide by. Relying on coal is not the answer either, Ketchum said. Trump has signed sweeping executive orders to try to boost coal, the dirtiest fossil fuel, including drawing on emergency powers to reinvigorate a coal industry that has been struggling for decades because of tightening environmental regulations and competition from less-expensive natural gas and renewables. For Ketchum, Trump's bid to revive coal is 'not going to make a dent.' He pointed out how many coal facilities have already been retired and how costly it is for consumers and utility companies to depend on coal for energy. 'The train has already left the station on coal,' he said.
Yahoo
an hour ago
- Business
- Yahoo
NextEra CEO says renewables needed as bridge to expanding gas power
By Valerie Volcovici WASHINGTON (Reuters) -Renewable energy sources like wind and solar power are needed to meet rapidly growing energy demand in the United States amid near-term obstacles to increasing natural gas capacity, said NextEra CEO John Ketchum on Tuesday. The head of the Florida-based power producer said at the Politico Energy Summit that competition and high costs to obtain gas turbines, a construction labor shortage, and the costs associated with tariffs mean that it will take at least seven years to get new gas-fired power plants online. "We need a bridge to get ourselves to 2032 when that gas shows up ... And when that gas shows up, it's going be three times more expensive than it's ever been," Ketchum said. "If we take renewables off the table, we are going to have a real power shortage problem in this country." U.S. House lawmakers narrowly passed a budget reconciliation bill last month that would phase out clean energy tax credits, slash spending on renewables, and claw back other climate-related funds. The House bill, which is now being debated by the Senate, shortens the window for developers to start and complete new clean energy projects to qualify for tax credits, and makes the incentives unworkable, Ketchum said. Ketchum's comments reverse an oft-repeated defense of natural gas in the fossil fuel industry during previous administrations seeking to fight climate change that had framed the fuel as a bridge to a renewables-driven carbon-free energy system. Trump opposes renewable energy subsidies and wants to expand production of oil, gas and coal. He has also declared an "energy emergency" to spur more fuel and electricity production, in part to meet growing demand for power for data centers and artificial intelligence. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Entertainment
- Yahoo
Renisis Debuts at Jensen Stern with Sculptural Fine Jewelry
The partnership is an alliance rooted in transformation, artistic craft, and personal alchemy KETCHUM, Idaho , May 14, 2025 /PRNewswire-PRWeb/ -- Renisis, a sculptural fine jewelry brand born from global journeys, theatrical imagination, and emotional depth, is now available at Jensen Stern, a boutique gallery nestled in the heart of Ketchum, Idaho. This partnership marks the first public presentation of Renisis' inaugural collections, the Evidence of the Future Collection and the Curl Collection—two bold, sensorially charged explorations of wearable art as protection and intention. Jessica Herner, Owner & Partner at Jensen Stern, says, "We at Jensen Stern are thrilled to announce the arrival of Renisis by Sardwell to our gallery this summer. Known for her striking balance of architectural precision and organic elegance, Sardwell's work brings a bold new dimension to our curated offerings. Introducing her pieces to our clients is not only an honor, but a celebration of artistry that resonates with the spirit of discovery and design at the heart of Jensen Stern." Renisis was founded by Sardwell, an interdisciplinary artist whose practice has long blurred the boundaries between sculpture, storytelling, and performance. With a background in sculpture and large-scale installations complete with theatrical apparel detailing at the Rhode Island School of Design, Sardwell first made her name creating theatrical experiences that enveloped the viewer in movement, texture, and light. Her evolution into jewelry was not a pivot, but a distillation—a shift from space-altering installations to body-altering sculpture. "The transformational ability that sculpture has to alter space is a revolutionary power," Sardwell explains. "Now it's harnessed to be worn on the body as jewelry." Over the course of 15 years, Sardwell's work and studies took her across the world—from the sculpture studios of Teatro Colón in Buenos Aires to the silversmith villages of southern China, where she absorbed the visual languages of transformation and ritual. She apprenticed with master jewelers in Brazil, immersed herself in the rhythm and nuance of local traditions, and began sketching her own visual language—one that echoed the drama of opera, the layered strength of armor, and the hidden sensitivity of ancient ornamentation. With every journey, she collected not just materials, but cultural meanings. These experiences now live within each Renisis jewel, encoded as symbols, sculpted forms, and emotional architecture. Evidence of the Future, a debut collection, emerges from the cultural interplay of East and West, past and possible. Drawing from the silhouettes of ancient Far Eastern armor and the unapologetic boldness of American urban statement jewelry, these one-of-a-kind pieces express a duality of presence: power and tenderness, protection and vulnerability, groundedness and transcendence. The jewelry designed not only to be worn, but felt—to become part of the wearer's own evolving myth. Under black light, fluorescent gemstones within the pieces come to life. Beneath the polished surfaces, reimagined Japanese indigo florals hide—private patterns known only to the wearer. Black jade, long revered as a protective force, finds elegant contrast with icy jade, known to calm and clear. Not mere decorative details, these are talismans—quietly powerful, spiritually intelligent, and rooted in intention. Standout designs include the Wish Arrows Studs, symbols of elevation, available in 18K gold with or without inverted diamonds; the Sting Ray Ring, focused and fierce, set with black jade and pavé diamonds; and the Guardian Temple Pendant, a sacred mirror of strength that hides mother-of-pearl inlays behind a shimmering Tahitian pearl. The accompanying Ombre South Sea Pearl Necklace, finished with an 18K white gold temple bow clasp, echoes ancient ceremony with futuristic grace. Sardwell's Curl Collection, featuring organic geometry, is meant to be worn with ease. If "Evidence of the Future" is armor, "Curl" is intimacy—spiraling, soft-edged, and sculptural. The collection speaks to Sardwell's love of the helix, the curve, the infinity symbol. Inspired by her own curly hair and the mathematics of sensual form, Curl explores how loops become lines of memory. South Sea pearls, custom-cut bullet stones, and inverted diamonds anchor designs like the Bullet Stone Curl Ring, Harmony Curl Ring with Green Tourmaline, and Infinity Loop Earrings. Each piece is a gesture of both strength and surrender—everyday sculpture, deeply personal. Recently, Renisis has been honored as a finalist in two categories of the prestigious 2025 JCK Jewelers' Choice Awards. The Triple Infinity Gold Earrings were named a finalist in the Gold Jewelry – Over $2,500 category and additionally received both the Influencers' Choice and Editors' Choice Awards for Best Gold Jewelry. The Pearl Curl Ear Cuff was selected as a finalist in the Pearl Jewelry – Over $5,000 category. These accolades further affirm the brand's exceptional design innovation and artistic vision. The debut of Renisis at Jensen Stern is more than a presentation—it is a dialogue between philosophies, a convergence of aesthetic worlds where jewelry becomes both artifact and invitation. Jensen Stern is an intellectual and artistic playground, tucked within The Galleria in Ketchum, Idaho, where curation is guided not by trends but by curiosity, story, and soul. Part atelier, part sanctuary, it offers a rare kind of retail experience: one where objects are witnessed, and conversations unfold organically among sculptures of gold and light. At Jensen Stern, beauty is both considered and lived. In the space, the Medieval idea of the jeweler as a keeper of magic is quietly revived. With its poetic sensibility and reverence for craft, Jensen Stern is the perfect counterpart to Renisis, a place where spirit and adornment intersect in ways that feel both ancient and timeless. "At Jensen Stern, jewelry is treated as a living object," says Sardwell. "This is exactly what Renisis stands for. It's not about trends. It's about art, and a sensitive cultural perspective." Visitors to Jensen Stern can explore the world of Renisis in person, surrounded by creative energy and conversation that makes a piece of jewelry unforgettable. For Renisis jewelry inquiries, email info@ and explore the collection online at Pieces can be experienced in person at Jensen Stern, located in The Galleria at 351 Leadville Avenue North, Ketchum, Idaho 83340. The gallery is open Tuesday through Saturday from 11:00 AM to 5:00 PM, and Monday through Saturday during peak season. For sales inquiries, contact Jessica and Charlie Herner at 208-726-2363 or info@ For inquiries regarding this press release, contact info@ or call 212-913-9761. About Renisis Renisis is a sculptural fine jewelry brand founded in 2021, born from a desire to translate the language of art, movement, and ritual into powerful, wearable form. Each piece is a meditation on transformation—rooted in founder Sardwell's background in theatrical installation, metalwork, and her global journey across design traditions in South America, East Asia, and beyond. With a focus on bold, architectural lines, sensual curvature, and rare gemstone pairings, Renisis pieces exist at the intersection of sculpture, storytelling, and personal empowerment. Each piece is a limited edition or one-of-a-kind creation, conceived as a modern talisman—meant to speak for the soul. The aesthetic blends ancient symbolism with contemporary urban edge, shaped by founder Sardwell's deep-rooted fascination with the emotional power of form. Anchored in artistic integrity and exceptional craftsmanship, the brand reimagines fine jewelry as a personal extension of the wearer—a lyrical balance between armor and art. Discover more at Media Contact Olga Gonzalez, Renisis, 2129139761, info@ View original content to download multimedia: SOURCE Renisis Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-05-2025
- Business
- Yahoo
This Is the Quintessential Energy Stock to Buy for the Coming Power Surge
The U.S. will need to add an estimated 450 gigawatts of power-generating capacity by 2030. Given the limitations of gas and nuclear, renewables will play a leading role in the near term. NextEra Energy is in an ideal position to meet the country's power needs. The U.S. will need to build a tremendous amount of new power-generating capacity by 2030. According to an estimate from leading utility NextEra Energy (NYSE: NEE), the U.S. will need to add more than 450 gigawatts (GW) of new power generation by the dawn of the next decade. That's massive, considering the country currently has less than 1,300 GW of generation capacity. Meeting the country's power needs will require all forms of energy. That plays right into the strategy of NextEra Energy, which is a leader across energy technologies. It's "the quintessential all forms of energy company," as CEO John Ketchum called it on its first-quarter earnings conference call. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Here's a look at the country's upcoming power problem and how NextEra Energy will play a leading role in providing solutions. On the first-quarter call, NextEra Energy's CEO discussed the country's surging power demand and the obstacles to meeting those needs. He stated: "The demand for electricity in the United States is here now, and it's not slowing down. Frankly, it's unlike anything we've ever seen since the end of World War II." Several factors are driving the acceleration in electricity demand, including the electrification of transportation, the onshoring of manufacturing, and AI data centers. Ketchum commented that exercising "energy realism and energy pragmatism" is important when looking at how best to address the country's power needs. He explained that "energy realism is about embracing all forms of energy solutions." Meanwhile, "energy pragmatism is about recognizing some technology is ready at scale today and other technology needs more time to get there, and there will be significant trade-offs with regard to the timing and cost of each." In the near term, it will be difficult for natural gas and nuclear to provide much additional power for practical reasons. For example, Ketchum noted that gas turbines are in short supply and in high demand, while there aren't enough workers to build these complex power plants. Meanwhile, there are limited opportunities to restart idled nuclear power plants. NextEra is evaluating the restart of its Duane Arnold facility in Iowa. Beyond that, small modular reactors are at least a decade away and will come at a much higher cost than new gas-fired plants, which have tripled in cost over the past few years, and that's before the potential impact of tariffs. Renewables, on the other hand, are the lowest-cost forms of new power generation capacity. NextEra can build these projects in less than a year and a half. Accordingly, "We should be thinking about renewables and battery storage as a critical bridge to when other technology is ready at scale, like new gas-fired plants," Ketchum said on the call. NextEra Energy is ideally suited to help meet the country's power needs. It's a world leader in developing renewable energy and storage. The company's energy resources segment currently has about 37 GW of generation and storage capacity in operation, with 87% renewables, 6% nuclear, and 6% gas and other. The company expects its renewable power capacity alone will grow to more than 70 GW by 2027. It already has firm contracts supporting 27.7 GW of new projects in its backlog. Meanwhile, its future pipeline of development sites is around 300 GW, giving it plenty of room to continue expanding to meet the country's growing power needs. Those projects, plus additional solar energy capacity and other investments within Florida Power & Light, its electric utility in Florida, position NextEra Energy to grow its earnings at an above-average rate in the coming years. Ketchum has repeatedly said that he would be disappointed if NextEra doesn't deliver adjusted earnings-per-share growth at or near the top end of its 6% to 8% annual target range through 2027. Meanwhile, the company expects to raise its dividend, which yields nearly 3.5%, at around a 10% annual rate through at least next year. NextEra has plenty of growth potential beyond 2027. In addition to continuing to build renewables, the company is in an ideal position to be a leader in building additional gas and nuclear capacity in the future. Ketchum noted: "We know gas because we operate the largest gas-fired fleet in America and have built more gas-fired generation than anyone over the last two decades. We know nuclear because we operate one of the largest fleets in the United States." Because NextEra is one company that truly does it all in the energy space, it's the quintessential company for the coming power surge. Few companies are in a better position to capitalize on the country's power surge than NextEra Energy. It's a leader in building renewables, which will be a crucial power source in the coming years. It also has expertise in gas and nuclear, which the country will need more of in the future. It should be able to continue growing its earnings and dividend at healthy rates, making it one of the best energy stocks to buy and hold to cash in on the coming power boom. Before you buy stock in NextEra Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and NextEra Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $610,327!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $667,581!* Now, it's worth noting Stock Advisor's total average return is 882% — a market-crushing outperformance compared to 161% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Matt DiLallo has positions in NextEra Energy. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool has a disclosure policy. This Is the Quintessential Energy Stock to Buy for the Coming Power Surge was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
This Is the Quintessential Energy Stock to Buy for the Coming Power Surge
The U.S. will need to add an estimated 450 gigawatts of power-generating capacity by 2030. Given the limitations of gas and nuclear, renewables will play a leading role in the near term. NextEra Energy is in an ideal position to meet the country's power needs. The U.S. will need to build a tremendous amount of new power-generating capacity by 2030. According to an estimate from leading utility NextEra Energy (NYSE: NEE), the U.S. will need to add more than 450 gigawatts (GW) of new power generation by the dawn of the next decade. That's massive, considering the country currently has less than 1,300 GW of generation capacity. Meeting the country's power needs will require all forms of energy. That plays right into the strategy of NextEra Energy, which is a leader across energy technologies. It's "the quintessential all forms of energy company," as CEO John Ketchum called it on its first-quarter earnings conference call. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Here's a look at the country's upcoming power problem and how NextEra Energy will play a leading role in providing solutions. On the first-quarter call, NextEra Energy's CEO discussed the country's surging power demand and the obstacles to meeting those needs. He stated: "The demand for electricity in the United States is here now, and it's not slowing down. Frankly, it's unlike anything we've ever seen since the end of World War II." Several factors are driving the acceleration in electricity demand, including the electrification of transportation, the onshoring of manufacturing, and AI data centers. Ketchum commented that exercising "energy realism and energy pragmatism" is important when looking at how best to address the country's power needs. He explained that "energy realism is about embracing all forms of energy solutions." Meanwhile, "energy pragmatism is about recognizing some technology is ready at scale today and other technology needs more time to get there, and there will be significant trade-offs with regard to the timing and cost of each." In the near term, it will be difficult for natural gas and nuclear to provide much additional power for practical reasons. For example, Ketchum noted that gas turbines are in short supply and in high demand, while there aren't enough workers to build these complex power plants. Meanwhile, there are limited opportunities to restart idled nuclear power plants. NextEra is evaluating the restart of its Duane Arnold facility in Iowa. Beyond that, small modular reactors are at least a decade away and will come at a much higher cost than new gas-fired plants, which have tripled in cost over the past few years, and that's before the potential impact of tariffs. Renewables, on the other hand, are the lowest-cost forms of new power generation capacity. NextEra can build these projects in less than a year and a half. Accordingly, "We should be thinking about renewables and battery storage as a critical bridge to when other technology is ready at scale, like new gas-fired plants," Ketchum said on the call. NextEra Energy is ideally suited to help meet the country's power needs. It's a world leader in developing renewable energy and storage. The company's energy resources segment currently has about 37 GW of generation and storage capacity in operation, with 87% renewables, 6% nuclear, and 6% gas and other. The company expects its renewable power capacity alone will grow to more than 70 GW by 2027. It already has firm contracts supporting 27.7 GW of new projects in its backlog. Meanwhile, its future pipeline of development sites is around 300 GW, giving it plenty of room to continue expanding to meet the country's growing power needs. Those projects, plus additional solar energy capacity and other investments within Florida Power & Light, its electric utility in Florida, position NextEra Energy to grow its earnings at an above-average rate in the coming years. Ketchum has repeatedly said that he would be disappointed if NextEra doesn't deliver adjusted earnings-per-share growth at or near the top end of its 6% to 8% annual target range through 2027. Meanwhile, the company expects to raise its dividend, which yields nearly 3.5%, at around a 10% annual rate through at least next year. NextEra has plenty of growth potential beyond 2027. In addition to continuing to build renewables, the company is in an ideal position to be a leader in building additional gas and nuclear capacity in the future. Ketchum noted: "We know gas because we operate the largest gas-fired fleet in America and have built more gas-fired generation than anyone over the last two decades. We know nuclear because we operate one of the largest fleets in the United States." Because NextEra is one company that truly does it all in the energy space, it's the quintessential company for the coming power surge. Few companies are in a better position to capitalize on the country's power surge than NextEra Energy. It's a leader in building renewables, which will be a crucial power source in the coming years. It also has expertise in gas and nuclear, which the country will need more of in the future. It should be able to continue growing its earnings and dividend at healthy rates, making it one of the best energy stocks to buy and hold to cash in on the coming power boom. Before you buy stock in NextEra Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and NextEra Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $610,327!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $667,581!* Now, it's worth noting Stock Advisor's total average return is 882% — a market-crushing outperformance compared to 161% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Matt DiLallo has positions in NextEra Energy. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool has a disclosure policy. This Is the Quintessential Energy Stock to Buy for the Coming Power Surge was originally published by The Motley Fool
