CLEAN ENERGY COULD GET AMERICANS BACK TO WORK POST-PANDEMIC

Theverge | May 03, 2020

Transforming America into a country that runs on clean energy is one way experts hope to alleviate the devastating economic downturn caused by the COVID-19 pandemic. With unemployment soaring and oil prices in a free fall, it’s looking highly unlikely that the US will simply step back into “business as usual.” Even though the pandemic is still raging, policy experts, climate action advocates, and scientists have all started drawing up plans that could save Americans from both the ravages of climate change and the economic fallout of COVID-19.

Spotlight

Jim Montgomery reports from the 2013 Solar Power Decathlon and speaks with one of the student entries.

Spotlight

Jim Montgomery reports from the 2013 Solar Power Decathlon and speaks with one of the student entries.

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ENERGY

ENGIE North America adds nearly 2 GW of Renewable Energy in the U.S. in 2020

ENGIE | January 14, 2021

ENGIE North America today announced it has added nearly 2 GW of renewable energy to the U.S. in 2020, as part of ENGIE's commitment to deliver 9 GW of renewable energy capacity globally between 2019 and 2021. These new clean energy capacities will offset nearly 2.1 million metric tons of carbon and bring ENGIE's renewables capacity to more than 3 GW in North America – enough to power 1.3 million homes. The six grid-scale wind projects and two grid-scale solar projects contributed to the company's record pace of renewable energy development and construction. These projects are located in Texas, Kansas, South Dakota and Oklahoma. With the completion of these projects, adding 1.4 GW of wind and 0.4 GW of solar, and other projects in the U.S. and Canada, ENGIE now has more than 3 GW of renewable generation capacity in North America developed over the past two years. "This was a historic year of construction for ENGIE North America," said Gwenaëlle Avice-Huet, Executive Vice President responsible for the ENGIE Renewables' business line and CEO of ENGIE North America. "The rapid growth of our renewable energy footprint in the United States demonstrates ENGIE's commitment to achieving a carbon-neutral future. With more than 10 GW of additional renewable energy projects currently underway in North America, we are just getting started in delivering on our mission to connect society and companies to clean, affordable, innovative, and resilient energy generation and the infrastructure to support it."

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ENERGY

NextEra Energy is once again recognized as No. 1 in its industry on Fortune's list of 'World's Most Admired Companies'

NextEra Energy | February 04, 2022

NextEra Energy, Inc. announced it has been named to Fortune's 2022 list of the "World's Most Admired Companies" and ranked No. 1 in the electric and gas utilities industry for the 15th time in 16 years. NextEra Energy, whose principal businesses are Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC, is also only one of two Florida-based companies to rank No. 1 in its industry across all of the sectors covered by Fortune's 2022 list. We are honored to be recognized again on Fortune's prestigious list as the leader within our industry. This recognition reflects our success to execute our long-term strategy of generating clean, renewable energy, while protecting the environment and giving back to our communities for the benefit of our customers, shareholders and employees. Our team of 15,000 talented professionals work every day to identify ways to improve our business so that we can deliver even more value to the customers we serve. Through the hard work, perseverance and commitment to excellence of our employees, we are shaping how energy is produced and delivered while advancing a sustainable energy future." Jim Robo, NextEra Energy chairman and chief executive officer In the electric and gas utilities industry, NextEra Energy ranked No. 1 for eight of the nine rated attributes, including innovation, people management, use of corporate assets, quality of management, financial soundness, long-term investment value, quality of products/services and global competitiveness. Performance highlights for NextEra Energy include: Leading the world in wind, solar and battery storage energy – NextEra Energy is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. NextEra Energy Resources continues to advance its position as the leading developer and operator of wind, solar and battery storage projects. In 2021 NextEra Energy Resources had a record year of renewables execution, adding roughly 7,200 net megawatts (MW) of new renewables and battery storage projects to its backlog, as well as commissioning approximately 3,800 MW of wind, solar and storage projects. FPL, a national leader in solar energy, placed another 671 MW of cost-effective solar in service, which completed the first phase of its SolarTogether community solar program. In addition, FPL commissioned the world's largest integrated solar-powered battery system, the 409-MW Manatee Energy Storage Center, which will allow FPL customers to continue to benefit from low-cost renewable energy. Beyond solar, construction on both the highly efficient, roughly 1,200-MW Dania Beach Clean Energy Center and the North Florida Resiliency Connection remain on schedule and on budget as they continue to advance toward projected commercial operation dates later this year. Investing in American infrastructure – NextEra Energy invested more than $14.6 billion in clean energy infrastructure in 2021 and more than $110 billion over the last decade. NextEra Energy is one of the largest capital investors across any industry in the U.S. over this period. Providing outstanding value for shareholders – In 2021, NextEra Energy delivered a total shareholder return of more than 23%, significantly outperforming the S&P 500 Utilities Index, and continuing to outperform both the S&P 500 and the S&P 500 Utilities Index in terms of total shareholder return on a three-, five-, 10- and 15-year basis. Over the past 15 years, NextEra Energy outperformed nearly all of the other companies in the S&P 500 Utilities Index and quadrupled the average total shareholder return of the index. Respecting our environment – In 2020, NextEra Energy achieved emissions rates of SO2, NOx and CO2 that were 97%, 79% and 47% lower, respectively, than the average U.S. utility sector. The company's goal is to reduce its CO2 emissions rate by 67% by 2025, from a 2005 baseline. In NextEra Energy's view, no company in any industry has done more to reduce carbon emissions and to confront climate change than NextEra Energy. Providing outstanding customer value – Consistently one of the nation's cleanest and most reliable electric utilities with bills that have remained below the national average for more than a decade and among the lowest of all 53 electric providers in the state of Florida, FPL is focused on creating innovative solutions to drive down costs and continue to improve tangible benefits for its more than 5.7 million customers. Providing outstanding reliability – FPL was recognized for the sixth time in seven years as being the most reliable electric utility in the nation and, last year, ranked No. 1 in both residential and business customer satisfaction in the Southern U.S. among large electric providers, by J.D. Power. In 2021, FPL delivered its best-ever service reliability and was named the recipient of the ReliabilityOne™ National Reliability Excellence Award. Celebrating sustained leadership, innovation and achievement in energy reliability, the award is widely regarded in the energy industry as one of the most prestigious honors, reinforcing a company's commitment to reliable service for its customers. Responding to unprecedented natural disasters – In 2021, FPL was recognized by the Edison Electric Institute (EEI) with its Emergency Response Award for the company's efforts to help other utilities and customers recover following Hurricane Ida. The Category 4 hurricane made landfall in Louisiana in August 2021, leaving more than 1 million homes and businesses without power before leaving a trail of destruction northward. In response, FPL deployed more than 1,250 employees and contractors to support restoration and recovery efforts.   Fortune's annual list is based on ratings from executives, directors and analysts, who rate the highest-revenue companies within their industry on nine criteria, including innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products/services and global competitiveness. NextEra Energy, Inc. NextEra Energy, Inc. is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is the largest vertically integrated rate-regulated electric utility in the United States as measured by retail electricity produced and sold, and serves more than 5.7 million customer accounts, supporting more than 11 million residents across Florida with clean, reliable and affordable electricity. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin. A Fortune 200 company, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry on Fortune's 2022 list of "World's Most Admired Companies," recognized on Fortune's 2021 list of companies that "Change the World" and received the S&P Global Platts 2020 Energy Transition Award for leadership in environmental, social and governance.

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ENERGY

Jabil Teams with SolarEdge to Advance Smart Energy Technology

Jabil | June 22, 2022

Jabil (NYSE: JBL) announced that it is teaming up with SolarEdge, a global leader in smart energy technology, to help change how power is harvested and managed in photovoltaic (PV) systems. A shared focus on manufacturing excellence and automation has led to the installation of more than 2.5 million intelligent power inverters and more than 60 million power optimizers in over 130 countries across five continents, “We produce tens of millions of products every year, so high-volume, high-quality manufacturing is our lifeline to meeting aggressive growth demands and unrelenting product quality expectations, That is not an easy challenge for any manufacturer, but Jabil has delivered on our expectations during the ups and downs, and most challenging times. Because we are similar in attitude and company culture, we focus on execution and accomplish what we set out to do.” -Zvi Lando, CEO of SolarEdge Technologies. SolarEdge’s unwavering customer commitment has propelled the company to market leadership across its primary markets, comprising residential, commercial, industrial and utility sectors. The result is a steady stream of different products for residential and commercial customers, as well as continuous product modifications to meet emerging regulations around the world. Overall, SolarEdge’s products are quite complex to build, especially in such large volumes, some of which are made in quantities more commonly associated with consumer electronics and cellphone production. Rigorous quality requirements demand fastidious tracking of every production step to identify any potential reliability issues or possible product defects, which are critical factors when building products with extended warranties. “We’ve done tremendous things together to create an optimum manufacturing environment,” said Scott Gebicke, Senior Vice President, Industrial Division, Jabil. “We deployed an automated solution that enables Jabil to operate in the leanest and most efficient way possible while decreasing manufacturing time by almost 50%. This makes a big difference when you’re making tens of thousands of products each week, if not millions in a month.” Creating an Optimal Manufacturing Environment Jabil and SolarEdge collaborate on all aspects of production, encompassing design for manufacturing, supply chain management, as well as manufacturing automation and scalability. To keep pace with SolarEdge’s aggressive market ramps, Jabil devised a dual-site strategy, mirroring its massive China production facility with a secondary site in Vietnam. In addition, the development of a multi-level vertical testing facility reduces the resources and floor space needed for product curing and testing while complete product traceability is aligned with stringent quality demands. Minimizing Supply Chain Disruptions Jabil also provides global supply chain assistance in every region supported by SolarEdge, with meticulous attention on each material and component needed for manufacturing. During the pandemic-related disruptions, Jabil leveraged its digital supply chain intelligence to forecast long-lead items, submit pre-orders and identify alternate suppliers when faced with component shortages. As raw material shortages, logistical challenges and factory closures intensified, Jabil qualified new components, modified product designs and moved production into different locations to mitigate the impact. Driving the Green Energy Revolution Together, Jabil and SolarEdge continue to combat the global climate crisis through the delivery of industry-leading solutions that maximize power generation while lowering energy costs. As SolarEdge evolves its product roadmap, Jabil keeps stride to support the introduction of new product offerings, from energy storage and backup to battery systems and uninterrupted power supply solutions. The addition of more intelligence to SolarEdge's products enables homeowners to manage solar energy production, consumption and backup storage in real time. Every step of the way, Jabil is there to bring SolarEdge’s new products to market quickly, efficiently and economically. Supporting Quotes and Resources “We are sure that Jabil will be with us through our journey to the next era. They have been with us hand-in-hand for more than 10 years, and they will be with us for the next 10 years, which is very important to us. That’s kind of the magic, the secret sauce that works between our two companies.” -Uri Bechor, COO, SolarEdge Bill Mitchell, Senior Business Unit Director, Power & Storage Sector, Jabil Industrial: “There’s a continuous engineering effort on both sides to put out the best performing, competitively priced products. The value that Jabil brings to SolarEdge is excellence in execution of manufacturing and being hyper-focused on quality and cost.” About Jabil: Jabil (NYSE: JBL) is a manufacturing solutions provider with over 260,000 employees across 100 locations in 30 countries. The world's leading brands rely on Jabil's unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights and global product management expertise. Driven by a common purpose, Jabil and its people are committed to making a positive impact on their local community and the environment. Visit www.jabil.com to learn more.

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