NextEra: Gas-fired peaker plants cannot compete with new battery storage resources

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):As part of NextEra Energy Inc.’s continued embrace of disruption in the utility sector, executives during the company’s investor day laid out a bullish view on pricing and demand for renewable power paired with storage through 2022.The Florida-headquartered company estimates it will install between 20,000MW and 23,000MW of wind capacity and 9,000MW and 13,000MW of solar capacity by 2022, including assets owned and operated by competitive generation division NextEra Energy Resources LLC. Executives expect NextEra will have up to 2,000MW of storage deployed by then as well.“There is enormous change coming in this industry. I don’t think the industry really has come to grips with it,” NextEra Energy Chairman, President and CEO Jim Robo said June 20. “And we’re at the leading edge, and it is going to help drive tremendous growth to this company over the next decade.”According to Robo, the rapid growth of wind and solar in the market has been among the industry’s biggest game-changers, and one that almost everyone failed to recognize early on. While renewable tax credits might be extended, NextEra executives are betting wind and solar plus storage will be cheaper than existing coal and most existing nuclear after the early 2020s, when current federal subsidies are gone.NextEra’s decarbonization strategy includes natural gas pipelines and gas-fired plants, including the Mountain Valley Pipeline LLC in which the company owns a stake, and Florida Power & Light Co.’s FPL Dania Beach Clean Energy Center. NextEra plans to deploy between $6.3 billion and $6.9 billion for gas pipelines by 2022. Robo said the opposition to gas is surprising, because gas pipelines have enabled coal plant shutdowns and large emission reductions.However, the company takes a more bearish view on gas-fired peakers; NextEra Energy Resources President and CFO John Ketchum said management sees peakers being “cannibalized” by renewables, especially as battery storage’s manufacturing becomes more efficient and costs decline.More ($): NextEra sees batteries displacing gas-fired peakers, otherwise bullish on gas NextEra: Gas-fired peaker plants cannot compete with new battery storage resourceslast_img read more

Pentasia sets out global fintech vision acquiring Headcount recruitment

first_imgShare StumbleUpon Submit Pentasia emphasises developing ‘learning environments’ as new industry workforce dynamic November 26, 2018 Share Related Articles Pentasia relocates European hub to Barcelona August 16, 2016 Pentasia launches new website to reflect gambling’s global vision November 28, 2019 Alastair Cleland – PentasiaPentasia, global gambling’s biggest recruitment and executive search firm has confirmed that it has acquired fintech specialist recruitment agency Headcount.Issuing a market update, Pentasia stated that its acquisition of Headcount was led by the increasing synergies its is witnessing between the gambling and fintech sectors.Pentasia and Headcount will merge operating capacities, but Headcount will retain its brand identity servicing talent resourcing for the burgeoning fintech market.Confirming the deal, Pentasia governance stated that with its newly secured enlarged capacity, the company would target becoming the outright leading global recruitment/search firm for gambling, fintech and payment sectors.Furthermore, Pentasia sector clients would benefit from a significantly expanded talent pool, servicing key value chain functions such as project management, tech, development, marketing and compliance.Backing Headcount, Pentasia’s Managing Director, Alastair Cleland stated:  “Pentasia has tracked Headcount’s progress for a number of years and there are clear synergies between the two businesses. Combined, we now provide our respective clients base with access to a new candidate pool and recruiter expertise from a wider range of industries.“Neill and I have worked closely over the past few months on the acquisition. We and the combined senior management team are incredibly excited about the future, and believe we are ideally placed to achieve our ambitions including expansion into new markets, functions and locations“Headcount was founded in 2001 by Neil Butcher (CEO), servicing talent resources for the changing dynamics of the global payments and brokerage sectors amid new digital challenges. Today Headcount services talent resources for the payments, fintech, data and crypto markets.Neill Butcher – HeadcountCEO of Headcount, Neill Butcher: “I am delighted that Headcount now forms part of Pentasia. This is a game-changing move for the business. Since our foundation in 2001, we’ve developed an exceptional reputation for delivery and have built an impressive international portfolio of clients that we’ve been able to service from our London headquarters.“Now, as part of Pentasia, our increased bandwidth and capacity enables us to provide talent across the full range of business functions. This move has always been about providing more choice and really is a win-win for all parties concerned.last_img read more