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Corporation
fpl.com

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Funds

1

Partners & Customers

10

About Florida Power & Light

Florida Power & Light Company, the principal subsidiary of NextEra Energy Inc., is a Juno Beach, Florida-based power utility company. It generates, transmits, distributes and sells electric energy.

Florida Power & Light Headquarter Location

700 Universe Blvd

North Palm Beach, Florida, 33408,

United States

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Latest Florida Power & Light News

Percepto drones to monitor Florida Power plants for damage

May 5, 2022

Percepto drones to monitor Florida Power plants for damage This is the largest commercial autonomous drone project in the world and the first using such drones in an urban setting for infrastructure checks. Percepto drones will monitor Florida Power & Light infrastructure. Photo courtesy of Percepto Hurricanes may have met their match as Israeli startup Percepto  rolls out its “Drone-in-a-Box” at Florida Power & Light (FPL), the state’s largest electric utility serving 11 million customers. Percepto’s autonomous drones are intended to monitor FPL’s power plants, making sure any damage is quickly spotted – especially following the state’s frequent hurricanes. During Hurricane Dorian in 2019, FPL reported $274 million in damages, leaving 160,000 customers in the dark. This is the largest commercial autonomous drone project in the world. It’s also the first operation using autonomous drones within an urban setting for infrastructure inspection. Modi’in-based Percepto has been working with FPL since 2018 as part of its push to comply with emerging US aviation regulations. The Florida drones will be coordinated on Percepto’s Autonomous Inspection and Monitoring (AIM) platform, which allows drones to be operated remotely to ensure they work together in sync. Phase one of the project will see 13 Drone-in-a-Box installations introduced to the West Palm Beach area over the coming year. FPL’s long-term plan is to introduce hundreds of Percepto drones over the next five years. Percepto’s drones were certified in 2020 at Florida International University’s “Wall of Wind” – a wind tunnel simulation facility that subjected the unmanned aerial vehicles to gusts of over 150 miles per hour . The Drone-in-a-Box solution was the first autonomous UAV to pass Level 5 hurricane testing. Percepto’s electric battery-powered drones can fly for 40 minutes between charges at a height of 130 feet (high enough to avoid power poles) and are equipped with day and nighttime camera systems, using artificial intelligence to identify malfunctions and safety risks. The drones fly over a preprogrammed route and return to a base station (the “box” in Drone-in-a-Box) to download data and recharge. Aerial insights can also be streamed live. “We look forward to continuing our long and productive relationship with FPL to help ensure that Florida’s electrical infrastructure is constantly monitored, providing residents with more reliable infrastructure, with power back online faster after outages,” Percepto Chief Commercial Officer Ariel Avitan said. Percepto’s AIM platform made TIME magazine’s “100 best inventions of 2021” list. The company’s solutions are used by Fortune 500 customers on six continents, the company says, including Delek U.S., Koch Fertilizer, ICL Dead Sea Works and Verizon. Italy’s Enel gas and electricity utility is also a client.

Florida Power & Light Acquisitions

2 Acquisitions

Florida Power & Light acquired 2 companies. Their latest acquisition was Gulf Power on January 01, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/1/2022

$99M

Merger

1

11/28/2018

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$99M

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10

Date

1/1/2022

11/28/2018

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Merger

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Sources

1

10

Florida Power & Light Fund History

1 Fund History

Florida Power & Light has 1 fund, including Clearsky Power & Technology Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/6/2020

Clearsky Power & Technology Fund II

$200.06M

1

Closing Date

4/6/2020

Fund

Clearsky Power & Technology Fund II

Fund Type

Status

Amount

$200.06M

Sources

1

Florida Power & Light Partners & Customers

10 Partners and customers

Florida Power & Light has 10 strategic partners and customers. Florida Power & Light recently partnered with GE Digital on November 11, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

11/9/2021

Partner

United States

Florida Power & Light and GE Digital Launch State-of-the-Art Microgrid Control Laboratory at the University of Central Florida

GE Digital and Florida Power & Light have been both philanthropic investors and design collaborators in this lab , ensuring our students in this field will be industry-ready on day one of their careers , '' UCF President Alexander Cartwright said .

2

10/6/2020

Vendor

United States

Florida Power & Light Company Selects ITI VR Crane Simulation Training.

1-to-1 Authenticity - In partnership with leading crane manufacturers like Broderson , Liebherr , Link-Belt , Tadano , and Terex , we strive to create a virtual experience indistinguishable from the real world .

1

2/19/2020

Partner

Israel

1

1/31/2020

Partner

United States

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10

6/15/2018

Partner

United States

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0

Date

11/9/2021

10/6/2020

2/19/2020

1/31/2020

6/15/2018

Type

Partner

Vendor

Partner

Partner

Partner

Business Partner

Country

United States

United States

Israel

United States

United States

News Snippet

Florida Power & Light and GE Digital Launch State-of-the-Art Microgrid Control Laboratory at the University of Central Florida

GE Digital and Florida Power & Light have been both philanthropic investors and design collaborators in this lab , ensuring our students in this field will be industry-ready on day one of their careers , '' UCF President Alexander Cartwright said .

Florida Power & Light Company Selects ITI VR Crane Simulation Training.

1-to-1 Authenticity - In partnership with leading crane manufacturers like Broderson , Liebherr , Link-Belt , Tadano , and Terex , we strive to create a virtual experience indistinguishable from the real world .

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Sources

2

1

1

10

0

Florida Power & Light Team

2 Team Members

Florida Power & Light has 2 team members, including former President, Paul J. Evanson.

Name

Work History

Title

Status

Paul J. Evanson

President

Former

Michelle Doery

Controller

Former

Name

Paul J. Evanson

Michelle Doery

Work History

Title

President

Controller

Status

Former

Former

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