The Renewable Energy Quote That Investors Can't Afford to Miss
One of the biggest issues holding back the renewable energy industry's full potential is intermittency. Since the sun doesn't always shine and the wind doesn't move at a steady speed, renewables don't generate a consistent stream of electricity. As a result, utilities either need to build supplemental natural-gas-fired plants or install expensive battery storage capacity to meet peak demand.
However, as battery costs continue to decline, renewable energy is becoming increasingly competitive with fossil fuels. That was a central theme on the second-quarter conference call of clean-energy-focused utility NextEra Energy (NYSE: NEE). Among the highlights was a can't-miss quote by CFO Rebecca Kujawa.
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Source Fool.com
