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Entergy, NextEra to jointly develop 4.5 GW of energy storage jobs

Utility firm Entergy and a. system of NextEra Energy on Friday entered into an. agreement to establish as much as 4.5 gigawatts (GW) of new solar and. energy storage jobs.

The five-year agreement will help Entergy supply renewable. energy to more than 3 million customers in Arkansas, Louisiana,. Mississippi and Texas, the business said in a declaration.

WHY IT'S IMPORTANT

The U.S. solar industry is prospering due to more domestic. panel manufacturing, assisted by federal and state policies aiming. to increase clean energy on the grid to fulfill environment objectives.

Consultancy Wood Mackenzie and the Solar Energy Industries. Association anticipate the U.S. to install approximately 40 GW of solar. capacity in 2024, the same as in 2015.

The Energy Information Administration projections that U.S. battery storage will increase by 89% by the end of 2024 if all. planned energy storage systems are brought online at the. targeted time.

SECRET ESTIMATES

We believe the power sector is at an inflection point, and. growing electrical power demand will be met by inexpensive, sustainable. generation and storage, stated Rebecca Kujawa, CEO of NextEra. Energy Resources.