Florida Power & Light to Build World's Largest Solar-Powered Battery System -- Update
March 28 2019 - 3:44PM
Dow Jones News
By Russell Gold
Florida Power & Light said it plans to build the world's
largest battery, which would collect electricity from solar panels
during the day and discharge it as needed during periods of high
power demand.
FPL, a utility that serves large portions of Florida and is a
unit of NextEra Energy Inc. said it expects the battery -- planned
for a location in Manatee County on the state's Gulf Coast -- to be
operational by 2021.
The company said the battery, when fully charged, would be able
to provide 409 megawatts of electricity for two hours, enough by
FPL's estimates to power about 329,000 average Florida homes.
FPL operates a 74.5-megawatt solar farm in Manatee and earlier
this month announced plans to open a second 74.5-megawatt farm.
Both will feed power into the proposed battery.
The battery would be larger than the battery array being
developed by Fluence Energy LLC, a joint venture of AES Corp. and
Siemens AG, in Long Beach, Calif., which would be able to deliver
100 megawatts of electricity for four hours. It would also be four
times larger than the battery Tesla built in South Australia in
2017.
FPL didn't disclose the cost of the battery project. The
development is part of a larger trend of battery arrays replacing
so-called peaker plants fueled by natural gas that operate for
short periods during peak demand. The falling cost of lithium-ion
batteries has made these projects increasingly competitive.
Ravi Manghani, director of energy storage research at Wood
Mackenzie, said the growing number of solar-plus-storage projects
is a result of their improving economics versus older, less
efficient gas plants. He said developers are hoping to start work
on projects by the end of the year to meet federal subsidies that
will expire soon. "Needless to say, this won't be the last major
solar-plus-storage project announced this year," he said.
FPL said the Manatee County battery project would accelerate the
retirement of two existing fossil-fuel plants.
Write to Russell Gold at russell.gold@wsj.com
(END) Dow Jones Newswires
March 28, 2019 15:29 ET (19:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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