Latest news with #energyInfrastructure
Yahoo
6 days ago
- Business
- Yahoo
NextEra Energy to meet with investors at the end of May and throughout June
JUNO BEACH, Fla., May 29, 2025 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that members of the senior management team will participate in various investor meetings at the end of May and throughout June to discuss, among other things, long-term growth-rate expectations. Investors and other interested parties can access a copy of the most recent presentation materials at NextEra Energy, Energy, Inc. (NYSE: NEE) is one of the largest electric power and energy infrastructure companies in North America and is a leading provider of electricity to American homes and businesses. Headquartered in Juno Beach, Florida, NextEra Energy is a Fortune 200 company that owns Florida Power & Light Company, America's largest electric utility, which provides reliable electricity to approximately 12 million people across Florida. NextEra Energy also owns one of the largest energy infrastructure development companies in the U.S., NextEra Energy Resources, LLC. NextEra Energy and its affiliated entities are meeting America's growing energy needs with a diverse mix of energy sources, including natural gas, nuclear, renewable energy and battery storage. For more information about NextEra Energy companies, visit these websites: . Cautionary Statements and Risk Factors That May Affect Future Results This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (together with its subsidiaries, NextEra Energy) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy's control Forward-looking statements in this news release include, among others, statements concerning long-term growth-rate expectations. In some cases, you can identify the forward-looking statements by words or phrases such as "will," "may result," "expect," "anticipate," "believe," "intend," "plan," "seek," "potential," "projection," "forecast," "predict," "goals," "target," "outlook," "should," "would" or similar words or expressions. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance. The future results of NextEra Energy and its business and financial condition are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, or may require it to limit or eliminate certain operations. These risks and uncertainties include, but are not limited to, those discussed in this news release and the following: effects of extensive regulation of NextEra Energy's business operations; inability of NextEra Energy to recover in a timely manner any significant amount of costs, a return on certain assets or a reasonable return on invested capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory, operational and economic factors on regulatory decisions important to NextEra Energy; effect of any reductions or modifications to, or elimination of, governmental incentives or policies that support clean energy projects or the imposition of additional tax laws, tariffs, duties, policies or other costs or assessments on clean energy or equipment necessary to generate, store or deliver it; impact of new or revised laws, regulations, executive orders, interpretations or constitutional ballot and regulatory initiatives on NextEra Energy; capital expenditures, increased operating costs and various liabilities attributable to environmental laws, regulations and other standards applicable to NextEra Energy; effects on NextEra Energy of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal, state and local government regulation of its operations and businesses; effect on NextEra Energy of changes in tax laws, guidance or policies as well as in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy of adverse results of litigation; impacts of NextEra Energy of allegations of violations of law; effect on NextEra Energy of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities or other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy resulting from risks related to project siting, planning, financing, construction, permitting, governmental approvals and the negotiation of project development agreements, as well as supply chain disruptions; risks involved in the operation and maintenance of electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities, and other facilities; effect on NextEra Energy of a lack of growth, slower growth or a decline in the number of customers or in customer usage; impact on NextEra Energy of severe weather and other weather conditions; threats of terrorism and catastrophic events that could result from geopolitical factors, terrorism, cyberattacks or other attempts to disrupt NextEra Energy's business or the businesses of third parties; inability to obtain adequate insurance coverage for protection of NextEra Energy against significant losses and risk that insurance coverage does not provide protection against all significant losses; a prolonged period of low natural gas and oil prices, disrupted production or unsuccessful drilling efforts could impact NextEra Energy's natural gas and oil production and transportation operations and cause NextEra Energy to delay or cancel certain natural gas and oil production projects and could result in certain assets becoming impaired; risk of increased operating costs resulting from unfavorable supply costs necessary to provide full energy and capacity requirements services; inability or failure to manage properly or hedge effectively the commodity risk within its portfolio; effect of reductions in the liquidity of energy markets on NextEra Energy's ability to manage operational risks; effectiveness of NextEra Energy's risk management tools associated with its hedging and trading procedures to protect against significant losses, including the effect of unforeseen price variances from historical behavior; impact of unavailability or disruption of power transmission or commodity transportation operations on sale and delivery of power or natural gas; exposure of NextEra Energy to credit and performance risk from customers, hedging counterparties and vendors; failure of counterparties to perform under derivative contracts or of requirement for NextEra Energy to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy's information technology systems; risks to NextEra Energy's retail businesses from compromise of sensitive customer data; losses from volatility in the market values of derivative instruments and limited liquidity in over-the-counter markets; impact of negative publicity; inability to maintain, negotiate or renegotiate acceptable franchise agreements; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy's ability to successfully identify, complete and integrate acquisitions, including the effect of increased competition for acquisitions; environmental, health and financial risks associated with ownership and operation of nuclear generation facilities; liability of NextEra Energy for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures and/or reduced revenues at nuclear generation facilities resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any of NextEra Energy's owned nuclear generation units through the end of their respective operating licenses or planned license extensions; effect of disruptions, uncertainty or volatility in the credit and capital markets or actions by third parties in connection with project-specific or other financing arrangements on NextEra Energy's ability to fund its liquidity and capital needs and meet its growth objectives; defaults or noncompliance related to project-specific, limited-recourse financing agreements; inability to maintain current credit ratings; impairment of liquidity from inability of credit providers to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy's defined benefit pension plan's funded status; poor market performance and other risks to the asset values of nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy's assets and investments; effect of inability of NextEra Energy subsidiaries to pay upstream dividends or repay funds to NextEra Energy or of NextEra Energy's performance under guarantees of subsidiary obligations on NextEra Energy's ability to meet its financial obligations and to pay dividends on its common stock; the fact that the amount and timing of dividends payable on NextEra Energy's common stock, as well as the dividend policy approved by NextEra Energy's board of directors from time to time, and changes to that policy, are within the sole discretion of NextEra Energy's board of directors and, if declared and paid, dividends may be in amounts that are less than might be expected by shareholders; XPLR Infrastructure, LP's inability to access sources of capital on commercially reasonable terms could have an effect on its ability to consummate future acquisitions and on the value of NextEra Energy's limited partner interest in XPLR Operating Partners, LP; effects of disruptions, uncertainty or volatility in the credit and capital markets on the market price of NextEra Energy's common stock; and the ultimate severity and duration of public health crises, epidemics and pandemics, and its effects on NextEra Energy's business. NextEra Energy discusses these and other risks and uncertainties in its annual report on Form 10-K for the year ended December 31, 2024 and other Securities and Exchange Commission (SEC) filings, and this news release should be read in conjunction with such SEC filings. The forward-looking statements made in this news release are made only as of the date of this news release and NextEra Energy undertakes no obligation to update any forward-looking statements. View original content to download multimedia: SOURCE NextEra Energy, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data
CBC
27-05-2025
- Business
- CBC
King Charles, Queen Camilla wrap whirlwind visit, after War Memorial wreath laying, throne speech
Another promise that Carney has teased, and is here again in this speech, is to build more, including energy infrastructure — and to do it fast. 'To build Canada strong, the government is working closely with provinces, territories, and Indigenous peoples to identify and catalyze projects of national significance,' the speech reads. 'Projects that will connect Canada, that will deepen Canada's ties with the world, and that will create high-paying jobs for generations.' The speech reiterates Carney's promise to set up a 'major federal project office' to reduce the time needed to approve a project from five years to two and strike agreements with every interested province and territory within six months to realize its goal of 'one project, one review.' Still, many Canadians and players will be looking for more information about what these 'projects of national significance' will be.
Daily Mail
22-05-2025
- Business
- Daily Mail
How the West faces defeat at the hands of China at the press of a button: Experts warn of potential vulnerabilities imported into defence and healthcare as Beijing's energy 'kill switches' are revealed
The discovery of 'kill switches' in Chinese-made devices used in the West has provoked a flurry of concerned reactions from experts, who now warn potential vulnerabilities could have been imported into crucial sectors. Sources last week told Reuters that unexplained communications equipment had been found in devices that play a key role in providing energy to the United States. This equipment, experts said, could allow operators in China to tap into key energy infrastructure in the West and bypass firewalls, change settings or even switch off devices remotely, with 'potentially catastrophic consequences'. At the flick of a switch, operators half the world away could hold the power to destabilise power grids, damage energy infrastructure and trigger widespread blackouts, experts said. Adam Pilton, cybersecurity advisor at Heimdal Security and former cybercrime Detective Sergeant with Dorset Police, issued the stark warning that 'Western governments and businesses have built critical infrastructure on tech that we don't control and barely audit'. 'If a kill switch exists in solar hardware, what else have we imported vulnerabilities into? Healthcare? Defence?' Dean Gefen, CEO of cybersecurity workforce development firm NukuDo, told MailOnline the threat was 'not only tangible' but 'probable in today's climate'. 'This isn't a question of coincidence. It's about long-term strategic positioning. Inserting potential vulnerabilities into exported infrastructure allows for quiet control,' he said. 'Whether the intent was offensive from the outset or simply opportunistic, the outcome is the same: a foreign government now has a potential foothold in our critical systems.' In light of the discoveries, U.S. energy officials are now reassessing the risk posed by such devices in renewable energy infrastructure, sources told Reuters last week. People familiar with the matter told the news agency they had found undisclosed communication links inside batteries and power inverters used in American solar farms. Power inverters, which are predominantly produced in China, are used to connect solar panels and wind turbines to electricity grids. They are also found in batteries, heat pumps and electric vehicle chargers. While inverters are built to allow remote access for updates and maintenance, the utility companies that use them typically install firewalls to prevent direct communication back to China. Over the past nine months, undocumented communication devices, including cellular radios, have also been found in some batteries from multiple Chinese suppliers, a source told Reuters. They warned that the se provided channels that could allow devices to be interfered with remotely. This could potentially give China huge leverage over the United States, with experts warning there is effectively 'a built in way to physically destroy the grid'. The Trump administration has not yet commented on, or confirmed, the claims. Reuters notes that it was unclear how many devices had been found and in what context. A spokesperson for the Chinese embassy in Washington said: 'We oppose the generalisation of the concept of national security, distorting and smearing China's infrastructure achievements.' But analysts continue to urge Western leaders to reconsider use of such foreign-made devices that could be compromised by malicious actors. Irina Tsukerman, a national security attorney and analyst, told MailOnline that 'Beijing could remotely interfere with solar inverters across entire grids'. 'The public hears "solar" and thinks sunshine, subsidies, and sustainability. But under the hood, this is a digital landmine embedded into the backbone of Western energy grids—and it's not a question of if it can go off, but when and how loudly,' she added. 'Remote sabotage wouldn't have to be flashy. That's the beauty of it. It could start as routine maintenance issues—minor, localized outages. Maybe a neighborhood flickers. Maybe a solar farm goes mysteriously dark. 'Nothing too dramatic at first. But scale that up, coordinate failures, add in a little plausible deniability, and suddenly you've got grid instability rippling across states or countries. 'Worse, the initial diagnostics would blame system overload or user error. The adversary could sit back, arms crossed, while the West scrambles to fix its own "malfunctioning" infrastructure. 'And while everyone's busy rebooting circuit breakers & blaming weather patterns, the real damage is already done: public confidence shaken, military readiness compromised, and infrastructure resilience exposed as theatre.' Illustrative image shows major disruption on roads in Madrid after a sudden blackout in Spain last month knocked public transport and traffic lights offline During a confrontation, she said, Beijing 'wouldn't need to launch missiles'. 'It would only need to issue a quiet, remote command. Maybe through a firmware update, maybe via a cloud management portal, or maybe baked in years ago and waiting for activation. 'Suddenly, thousands of solar inverters across the West either shut down, go haywire, or start sending erratic voltage into the grid.' Dean Gefen agreed that compromised inverters could be used to destabilise power grids during a confrontation between China and the West. 'Cyberattacks today are not just about stealing data. They're about weaponizing infrastructure. A hostile shutdown during a geopolitical standoff wouldn't just affect energy, it would compromise defense readiness, disrupt water and transport systems, and inflame social unrest. 'If adversaries can achieve that without firing a shot, we're looking at a whole new era of warfare. This is why governments must audit, isolate, and secure any foreign hardware embedded in national infrastructure now, not later.' Others advised that, in the event of such a conflict, renewable technologies would not be ideal for targeting. 'Electricity systems using renewables are designed to cope with sudden changes in output from renewable plants. However, on a sunny day solar can account for more than 30% of generation,' noted Dan Marks, Research Fellow in Energy Security at the Royal United Services Institute (RUSI) in London. 'If a high enough proportion of this capacity operated using affected Chinese inverters and they were turned off instantaneously on a very sunny day, this would create serious challenges for grid stability. 'But there is not enough information in the [Reuters] report to suggest that this is technically possible or whether enough inverters might be impacted. The latter seems unlikely.' He said more information would be needed from the U.S. on what has been found in order for the UK to respond. 'It may be appropriate to carry out similar checks, if these have not already happened. 'Solar panels at secure sites or which serve as emergency back up may need increased scrutiny. More security sensitive panels and other Chinese sourced connected systems could be purchased from alternative suppliers.' While the likelihood of such a direct confrontation remained 'quite remote, he said, the issue of overreliance on China 'must be addressed now to ensure that alternative suppliers are not outcompeted and that the UK and its allies do not become completely dependent on China'. A NATO official told Reuters that member states would also need to identify 'strategic dependencies' and 'take steps to reduce them'. The alliance said China's efforts to control member states' critical infrastructure - including inverters - were intensifying. German solar developer 1Komma5 told Reuters that it avoids Huawei inverters, from China, altogether because of the brand's associations with security risks. 'Ten years ago, if you switched off the Chinese inverters, it would not have caused a dramatic thing to happen to European grids, but now the critical mass is much larger,' 1Komma5 Chief Executive Philipp Schroeder said. 'China's dominance is becoming a bigger issue because of the growing renewables capacity on Western grids and the increased likelihood of a prolonged and serious confrontation between China and the West,' he said. Christiaan Beek, Senior Director, Threat Analytics at Rapid7, told MailOnline that, regardless of intent, the claimed discovery of undeclared remote access capabilities 'introduce potential vectors for disruption, manipulation, or even physical damage to critical infrastructure'. This, he said, underscores the 'urgent' need for 'rigorous' validation of software and hardware, and stronger procurement standards 'to ensure the integrity of energy systems increasingly reliant on globally sourced components'. Over the first three months of 2025, solar generation was 34% more than was generated during the same months of 2024, thanks to widespread increases in generating capacity in several key regions. Such growth multiplies the potential impact of device failure or interference. Should something go wrong, or a malicious actor suddenly switch off key components, large swathes of the grid could quickly become compromised. Users will be tasked with looking at where their energy comes from, down to the individual part, in order to assess potential vulnerabilities and exposure to foreign influence. But, if the claims are verifiable, the issue goes far beyond inverters on China-made solar panels. Power inverters are also found in batteries, heat pumps and electric vehicle chargers, raising the question - just how much of modern life hinges upon the flick of a switch?
Times
17-05-2025
- Science
- Times
Chinese ‘kill switches' found hidden in US solar farms
Chinese 'kill switches' that could allow Beijing to cripple power grids and trigger blackouts across the West have been found in equipment at US solar farms. The rogue devices, including cellular radios, were discovered in Chinese-made power inverters that are used to connect solar panels and wind turbines to electricity grids across the world, including the UK. The hidden communications equipment could be deployed remotely to switch off inverters with potentially catastrophic results. The discovery, reported by Reuters, will heighten concerns that China has installed covert malware in critical energy infrastructure throughout the US and Europe. The kill switches could be deployed at any time in the event of a confrontation between China and the West. Over the past nine months, the suspect devices were
Globe and Mail
16-05-2025
- Business
- Globe and Mail
Why Bloom Energy Stock Jumped This Week
Many big tech stocks have been soaring as spending for artificial intelligence (AI) infrastructure continues to grow. Major announcements this week during President Donald Trump's Middle East trip gave tech investors even more to cheer about. The massive planned data center buildouts in Saudi Arabia and the United Arab Emirates (UAE) that were announced will need power. One energy company helping to supply onsite power to data centers is Bloom Energy (NYSE: BE). Based mostly on that growing business segment, Bloom shares jumped 12.6% this week as of 11 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. Data centers will utilize onsite power sources After President Trump's state visit to Saudi Arabia, the White House announced a $600 billion commitment to invest in the U.S. That included a $20 billion pledge for investments in AI data centers and energy infrastructure. The UAE committed to participate in the construction of data centers in the U.S. that could be as large as a new 5 gigawatt data center campus planned for Abu Dhabi that was also announced this week. The global expansion of data centers will also need an unprecedented amount of power. Bloom Energy notes that data center leaders believe that about 30% of all data center sites will utilize some onsite power as an energy source to supplement the electrical grid by 2030. Bloom CEO KR Sridhar referenced that in the company's recent first-quarter earnings report. "We expect demand to grow, driven by AI, data center needs, and ... Bloom is well-positioned to serve these markets," he said. This week investors are jumping on board as the future market for Bloom's onsite fuel cells continues to expand. Should you invest $1,000 in Bloom Energy right now? Before you buy stock in Bloom Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bloom 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 $635,275!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,385!* Now, it's worth noting Stock Advisor 's total average return is967% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 12, 2025
