During its Q3 earnings call on October 21, 2020, Florida-based NextEra announced that the backlog of renewable energy projects that the utility expects to construct over the next few years now exceeds 15 GW, more than the total current renewables portfolio of its wholesale generating subsidiary, NextEra Energy Resources.[1] Since the beginning of 2020, NextEra has signed contracts for roughly 4,800 MW of renewable projects, including 2,200 MW between July and September. The 4,800 MW includes 1,000 MW of solar and storage projects for NiSource Inc.'s Northern Indiana Public Service Co. and a 325-MW, four-hour battery storage system in California that NextEra claims will be the largest in the world. NextEra Resources is also planning on moving into green hydrogen and aims to replicate the approach it has used to build its renewable energy portfolio. NextEra Energy Resources has developed a pipeline of approximately 50 potential green hydrogen projects spanning the power, transportation and industrial sectors.

[1] http://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/reports-and-fillings/quarterly-earnings/2020/Q3/NEEQ32020News%20Release%20Final.pdf