Phillips 66 teams with NextEra Energy Resources to power Rodeo Renewable Energy Complex with solar facility

Business Wire12-11

HOUSTON, December 10, 2024--(BUSINESS WIRE)--Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2 megawatt (MW...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490048769?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/khIL5NhwKfTca5gGD0EmXw--~B/aD0zNDc7dz0zNDc7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/53482df52a08f3cb8295824f6eb59b2b","is_english":true,"pubTime":"2024-12-11 00:00","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2490048769","market":"us","top_or_hot":-1,"title":"Phillips 66 teams with NextEra Energy Resources to power Rodeo Renewable Energy Complex with solar facility","media":"Business Wire","content":"<div>\n<p>HOUSTON, December 10, 2024--(BUSINESS WIRE)--Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2 megawatt (MW...</p>\n\n<a href=\"https://finance.yahoo.com/news/phillips-66-teams-nextera-energy-160000726.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Phillips 66 teams with NextEra Energy Resources to power Rodeo Renewable Energy Complex with solar facility</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhillips 66 teams with NextEra Energy Resources to power Rodeo Renewable Energy Complex with solar facility\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-11 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/phillips-66-teams-nextera-energy-160000726.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON, December 10, 2024--(BUSINESS WIRE)--Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2 megawatt (MW...</p>\n\n<a href=\"https://finance.yahoo.com/news/phillips-66-teams-nextera-energy-160000726.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1988902786.USD","symbol_name":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/phillips-66-teams-nextera-energy-160000726.html","article_id":"2490048769","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/khIL5NhwKfTca5gGD0EmXw--~B/aD0zNDc7dz0zNDc7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/53482df52a08f3cb8295824f6eb59b2b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490048769","pubTimestamp":1733846400,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"HOUSTON, December 10, 2024----Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2 megawatt  solar facility.The solar facility will reduce the complex’s grid power demand by 50% and is expected to avoid approximately 33,000 metric tons a year of carbon dioxide emissions beginning in the first quarter of 2025.* The project is one of the largest on-site dedicated solar facilities in the U.S.The solar facility, owned and operated by NextEra Energy Resources, will be situated on approximately 88 acres of land owned by Phillips 66. The facility is adjacent to the Rodeo Renewable Energy Complex and will consist of more than 70,000 solar modules that will support the renewable fuels complex. The solar facility is designed to generate approximately 60,000 MWh/year of electricity, equivalent to the electricity required to power more than 23,000 electric vehicles per year.Phillips 66  is a leading integrate","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","NEE":"新纪元能源","LU1621767810.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A\" (EUR) INC","LU2637428348.USD":"NORDEA 1 GLOBAL SUSTAINABLE LISTED REAL ASSETS \"MP\" (USD) INC","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","IE00BMG7P587.USD":"LEGG MASON CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOM \"A\" (USD) INC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B2PGVK34.USD":"GUINNESS SUSTAINABLE ENERGY \"C\" (USD) ACC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","PSX":"Phillips 66","IE00BD4GTW91.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) INC","BK4566":"资本集团","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","IE00BMG7P694.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis USD Plus","LU1621767737.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (EUR) ACC","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU2238339852.HKD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (HKD) ACC","IE00BMG7P926.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Acc USD","LU0302445910.USD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" ACC","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU0124384867.USD":"贝莱德新能源基金A2","LU2298064838.USD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (USD) INC","LU1621768206.USD":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (USD) ACC","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU1939255532.USD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (USD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","BK4081":"电力公用事业","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","GRO":"Brazil Potash Corp.","IE00BGHQF417.EUR":"GUINNESS SUSTAINABLE ENERGY \"C\" (EUR) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU2211814178.USD":"ALLIANZ CLEAN PLANET \"AT\" (USD) ACC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","IE00BD4GTV84.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4597":"股息贵族","LU2298322129.HKD":"BGF SUSTAINABLE ENERGY \"A2\" (HKDHDG) ACC"},"translate_title":"Phillips 66与NextEra Energy Resources合作，通过太阳能设施为Rodeo可再生能源综合体供电","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSX":1,"NEE":1,"GRO":1},"content_text":"HOUSTON, December 10, 2024--(BUSINESS WIRE)--Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2 megawatt (MW) solar facility.\nThe solar facility will reduce the complex’s grid power demand by 50% and is expected to avoid approximately 33,000 metric tons a year of carbon dioxide emissions beginning in the first quarter of 2025.* The project is one of the largest on-site dedicated solar facilities in the U.S.\n\"We are excited to collaborate with NextEra Energy Resources on a project that aligns with our mission of providing energy and improving lives,\" said Zhanna Golodryga, executive vice president of Emerging Energy and Sustainability for Phillips 66. \"This solar facility not only underscores our commitment to advancing a lower-carbon future but also enhances our energy infrastructure.\"\nThe solar facility, owned and operated by NextEra Energy Resources, will be situated on approximately 88 acres of land owned by Phillips 66. The facility is adjacent to the Rodeo Renewable Energy Complex and will consist of more than 70,000 solar modules that will support the renewable fuels complex. The solar facility is designed to generate approximately 60,000 MWh/year of electricity, equivalent to the electricity required to power more than 23,000 electric vehicles per year.\n\"We are thrilled to collaborate with Phillips 66 on the Rodeo solar facility, which exemplifies our commitment to developing custom solutions to meet our customers’ growing energy needs at the speed they require,\" said Rebecca Kujawa, president & CEO of NextEra Energy Resources. \"This project will not only benefit Phillips 66’s operations and the customers who rely on its renewable fuels but also demonstrates how renewable energy can integrate seamlessly into industrial operations.\"\nThe solar facility will not use water to generate electricity. The joint project has created approximately 130 construction jobs, which were filled by local union labor.\nLocated in the San Francisco Bay Area, the Rodeo Renewable Energy Complex produces renewable fuels such as renewable diesel and sustainable aviation fuel. The facility uses lower-carbon intensity feedstocks, including used cooking oil, fats, greases and vegetable oil. Its geographic location, unique processing infrastructure and flexible transportation logistics make it a world-class supplier of renewable fuels, which have lower life-cycle carbon emissions than conventional fuels.\nPhillips 66 announced the Rodeo Renewed project in 2020, making a final investment decision to move forward on it in 2022. The complex began processing only renewable feedstocks in March, achieving full processing capacity of 50,000 barrels per day (BPD) of renewable feedstock in June.\n*Calculation is based on the EPA’s AVoided Emissions and geneRation Tool (AVERT).\nAbout Phillips 66\nPhillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.\nAbout NextEra Energy Resources\nNextEra Energy Resources, LLC (together with its affiliated entities, \"NextEra Energy Resources\") is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with approximately 30,600 megawatts of total net generating capacity, primarily in 41 states and Canada as of year-end 2023. NextEra Energy Resources is the world’s largest generator of renewable energy from the wind and sun, and a world leader in battery storage. The business operates clean, emissions-free nuclear power generation facilities in New Hampshire and Wisconsin as part of the NextEra Energy nuclear fleet. NextEra Energy Resources offers a wide range of clean energy solutions to help businesses and customers across the country meet their emissions reduction goals. NextEra Energy Resources, LLC is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit: www.NextEraEnergyResources.com.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241210026834/en/\nContacts\nJeff Dietert (investors)832-765-2297jeff.dietert@p66.com\nOwen Simpson (investors)832-765-2297owen.simpson@p66.com\nThaddeus Herrick (media)855-841-2368thaddeus.f.herrick@p66.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490048769"}