NextEra plans $20bn green H2 drive

Richard Heap

May 10, 2023

US energy giant NextEra is set to invest $20bn in green hydrogen projects that would require 15GW of renewables capacity.

The firm last month announced it had signed a memorandum of understanding with ammonia producer CF Industries to create green hydrogen. NextEra followed this in its first-quarter results presentation on 25th April by announcing that it has a $20bn pipeline of green hydrogen projects.

John Ketchum, chairman, president and CEO of NextEra Energy, said the company sees "hydrogen becoming an important option for our customers".

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