The Uptime Wind Energy Podcast
The Uptime Wind Energy Podcast
Allen Hall, Rosemary Barnes, Joel Saxum & Phil Totaro
NextEra US Growth, Equinor $1B Loss
3 minutes Posted Jul 28, 2025 at 6:03 am.
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Allen discusses NextEra Energy's growth potential amid the new tax bill, Equinor's financial setback in US offshore wind projects, and Statkraft's strategic shift due to falling electricity prices. Additional highlights include Wisconsin's approval of its first long-duration energy storage project, Jupiter Bach's facility expansion in Florida, and record electricity prices in the US power auction.



Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on FacebookYouTubeTwitterLinkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us!



US Renewable Energy Leader NextEra Energy says Trump's new tax bill will help the company grow despite concerns about renewable energy credits.



The Florida energy giant told investors it can protect most of its wind and solar projects from losing tax credits under the One Big Beautiful Bill Act.



NextEra President John Ketchum says the company is already building so many projects that it can lock in tax benefits through twenty twenty nine.



Ketchum believes smaller energy companies will struggle to meet the new deadline of July fourth twenty twenty six.



That will likely mean less competition and more business for NextEra.



Of course, Wall Street analysts are skeptical. Analysts from Jefferies wrote there is a clear long-term challenge ahead for the company.



NextEra has signed contracts for three point two gigawatts of new projects since April. And the company is also exploring nuclear energy and small modular reactors.



Norwegian energy company Equinor is taking a nearly one billion dollar loss on its US offshore wind projects.



The company reported a nine hundred fifty five million dollar impairment in the second quarter. Most of that money is linked to the Empire Wind project off New York and a marine terminal in Brooklyn.



Equinor says regulatory changes in the United States have reduced future profits and increased costs for offshore wind projects.



Despite the financial hit, Equinor says it is moving forward with Empire Wind One. The company also completed financing for two offshore wind projects in Poland.



The company says it remains committed to growing its renewable energy business.



Wisconsin regulators have approved the first long-duration energy storage project of its kind in the United States.



Alliant Energy will build the Columbia Energy Storage Project using a new carbon dioxide battery system designed by Energy Dome.



The project will provide enough electricity to power eighteen thousand Wisconsin homes for ten hours on a single charge.



Raja Sundararajan from Alliant Energy says the project will strengthen the power grid and he...