NextEra Energy locks massive AI power deals with Google and Meta, targets 15 gigawatts by 2035

Meta and Google tap NextEra to feed their hungry datacenters

The Chocolate Factory will also put its AI to work inside one of America's biggest utilities NextEra Energy on Monday tightened its grip on hyperscaler power demand, adding 2.5 GW of new renewable projects for Meta while deepening its partnership with Google, which already covers about 3.5 GW of capacity. Taken together, Meta and Google now touch roughly 18 percent of the 33.4 GW of generating capacity in operation at NextEra Energy's subsidiary, NextEra Energy Resources, underscoring both the growing appetite for datacenter power and the consolidation of supply among hyperscale customers. Publicly traded NextEra Energy is one of the country's largest power companies and has about 72 GW of net generation and storage capacity. It owns Florida Power & Light, which serves more than 6 million customer accounts, of which 91 percent either use natural gas or nuclear power to meet demand. It also owns NextEra Energy Resources - its clean energy arm - which has 35 GW of capacity that is dedicated to renewable energy, using wind turbines for 64 percent of its capacity, nuclear for 17 percent, and solar power for 15 percent. That subsidiary has two operational nuclear power plants and a third decommissioned plant that is being brought back online. NextEra's agreement with Meta represents a combined 2.5 GW of power across 13 projects nationally, which will be energized between 2026 and 2028, according to a statement. About 2.1 GW of the capacity will come from nine solar projects that will take shape across markets in Texas, New Mexico, Indiana, and other states. The 2.5 GW total is in addition to the nearly 500 MW of operating projects Meta already supports. With Google Cloud, NextEra announced Monday that it is leaning on the company not just as a power customer, but as a software provider. The companies plan to work together to create and sell digital operational platforms for power companies. One will focus on NextEra's power delivery using weather prediction analytics to better meter power through aging power infrastructure. To do that, NextEra said it will join its own data with Google's latest forecasting models, TimesFM 2.5 and WeatherNext 2. The power company will also integrate Google's generative and agentic AI capabilities with NextEra operational data to more accurately predict equipment issues, navigate supply chain bottlenecks, and schedule work crews. The first commercial product will be available for purchase on Google Cloud Marketplace by mid-2026, according to the statement the companies released on Monday. NextEra and Google are also planning to work together to "rapidly" develop "multi-gigawatt" datacenter campuses across the US. They are now building three facilities and have identified other locations for new datacenters and expansions to existing projects. Earlier this year, Google and NextEra Energy announced a plan to restart the shuttered Duane Arnold nuclear power plant in Iowa, a 615-MW facility that NextEra aims to bring back online, as part of a broader relationship in which the two companies already have about 3.5 GW of capacity in operation or under contract. NextEra had shut the plant down in 2020 after its primary customer backed out of a long-term power purchase agreement that should have funded the plant until December 2025, according to SEC filings. NextEra had anticipated that the plant could operate until its license expired in 2034, the filings stated. Instead it absorbed a $258 million impairment charge, shuttered the facility in 2020, put the fuel into on-site dry storage awaiting Department of Energy pick up, and was four years into decommissioning the plant, according to the company's annual reports. In January, NextEra filed plans with the Nuclear Regulatory Commission to turn the plant back on. It announced Google as the facility's primary customer in October. ®

NextEra working with Exxon to develop gigawatt data center for hyperscaler

The 1.2 gigawatt power plant would combine gas generation with Exxon's carbon capture technology to reduce emissions, according to NextEra's presentation to investors. They plan to market the site to a hyperscaler in the first quarter of 2026. Hyperscalers are the big tech companies that are building data centers to train and run artificial intelligence applications. There is no signed agreement with a hyperscaler yet. NextEra and Exxon have secured 2,500 acres of land for the facility. The site will be located in the Southeast in close proximity to Exxon's carbon-dioxide pipeline infrastructure, according to NextEra. NextEra is the largest renewable energy developer in the U.S., but it is leaning into natural gas to meet the growing demand from data centers. The power company plans to bring as much as eight gigawatts of gas generation online by 2032, and is developing a pipeline of 20 gigwatts of gas generation. NextEra plans to build 15 gigawatts of power for data center hubs by 2035, Ketchum said. That includes at least three data center campuses that NextEra is developing with Alphabet's Google. "A lot of those will get started with what I call bridge power -- renewables, storage," the CEO said. "We're also at that same time planning for the gas to come behind it." The tech sector has primarily secured renewables and increasingly nuclear power to supply data centers in an effort to meet its climate targets.

NextEra to build 15 gigawatts of power for data centers by 2035

NextEra Energy Chairman, President and CEO John Ketchum participates in a panel during CERAWeek in Houston, Texas, U.S., March 10, 2025. NextEra Energy plans to build 15 gigawatts of new power generation for data center hubs by 2035, CEO John Ketchum told investors on Monday. NextEra is the largest renewable energy developer in the U.S. through NextEra Energy Resources, and also owns Florida Power & Light. The utility also operates a fleet of nuclear- and natural gas-powered plants. NextEra also announced a partnership with Alphabet's Google unit on Monday to develop three gigawatt scale data center campuses in the U.S. with plans to expand to additional locations. A gigawatt is roughly equivalent to more than 800,000 homes based on average household electricity consumption in 2024, according to the Energy Information Administration. Ketchum said the 15 gigawatts of power for data center hubs is a "fairly conservative" target. "Quite frankly, based on what we're seeing today, we'll be disappointed if we don't do more," Ketchum said at NextEra's investor conference. There is potential upside to build 30 gigawatts of new generation by 2035, he said. The data center hubs will use all forms of energy, Ketchum said. NextEra announced a deal with Google in October to restart the Duane Arnold nuclear plant in Iowa through a power purchase agreement. The data center hubs will help NextEra meet its target of building four to eight gigawatts of new gas generation by 2032 and considerably more by 2035, Ketchum said. Ketchum acknowledged that the huge power demand from AI data centers is raising affordability concerns. He said the solution is for the big tech companies to bring their own power generation with them when they commit to build a data center. "Hyperscalers can solve that problem by bringing and paying for their own power generation and infrastructure," the CEO said.

This Energy Provider Is the Latest to Score Big AI Data Center Deals

The energy provider also raised the lower end of its full-year profit forecast, and boosted its outlook for 2026. NextEra Energy is raking in new deals to power AI data centers. America's largest energy infrastructure developer on Monday said it struck agreements with Alphabet's (GOOGL) Google and Meta Platforms (META) to meet growing demand for energy to support AI data centers. NextEra (NEE) said it plans to work with Google to build out energy infrastructure for data center campuses across the United States. As part of the deal, NextEra will also use Google Cloud AI to support its own "digital transformation" and deployment of AI. Separately, NextEra said Meta signed contracts for clean energy projects meant to help the tech giant meet its clean energy goals, as well as build out data center capacity. Financial terms of the deals were not disclosed, though the energy provider also raised the lower end of its full-year profit forecast, and boosted its outlook for 2026, according to a regulatory filing Monday. NextEra said it now expects adjusted earnings per share of $3.62 to $3.70 for 2025, compared to $3.45 to $3.70 previously, and 2026 EPS of $3.92 to $4.02, up from an earlier forecast of $3.63 to $4. Shares of NextEra slipped 3% Monday amid broader market losses, while Alphabet slid 2% and Meta lost 1%. Still, NextEra shares have added about 12% and Meta has climbed roughly 14% in 2025 so far. Alphabet shares are up close to 70% year-to-date.

From Google To Meta, NextEra Locks In Massive AI Power Deals - NextEra Energy (NYSE:NEE)

NextEra Energy, Inc. (NYSE:NEE) is taking bold steps to unlock value by expanding its energy infrastructure, artificial intelligence capabilities, and strategic acquisitions. Expanded Partnership With Google Cloud NextEra Energy and Alphabet Inc.'s (NASDAQ:GOOGL) Google Cloud expanded their long-standing energy and technology collaboration Monday. The companies will develop multiple new gigawatt (GW)-scale data center campuses along with the necessary generation and capacity. Also Read: NextEra Energy and Google Team Up to Restart Iowa Nuclear Plant Amid Growing AI Power Demand They will also work together on NextEra Energy's enterprise-wide digital transformation, using Google Cloud AI and infrastructure to accelerate the company's technology innovation and AI deployment. Additionally, NextEra Energy and Google Cloud plan to enhance these technological and AI developments to speed up go-to-market initiatives. These efforts aim to transform the energy sector by accelerating data center buildouts and the energy infrastructure supporting them. NextEra Energy plans to offer its first commercial product in the Google Cloud Marketplace by mid-2026. NextEra Energy and Google Cloud will jointly develop multiple GW-scale data center campuses across the U.S. Their collaboration enables rapid land, load interconnection, and generation development to support continued growth. The first three campuses are under development, and the companies are exploring additional locations and expansions. This announcement builds on their existing partnership, reflecting a shared commitment to advancing U.S. AI, technology, and energy leadership. Together, they operate or have contracted approximately 3.5 GW and recently announced the Duane Arnold Energy Center restart and two new long-term power purchase agreements, adding 600 MW of clean energy in Oklahoma. Meta Clean Energy Contracts And PPAs NextEra Energy has secured approximately 2.5 gigawatts (GW) of clean energy contracts with Meta Platforms Inc. (NASDAQ:META). The milestone comes from signing 11 power purchase agreements (PPAs) and two energy storage agreements (ESAs), demonstrating NextEra's ability to deliver large-scale, value-generating energy solutions. Through these agreements, NextEra is powering 2.1 GW of clean energy via nine solar projects across three major U.S. markets, ERCOT, SPP, and MISO, directly supporting Meta's data center operations. In New Mexico, NextEra is providing 190 megawatts (MW) of solar energy and 168 MW of battery storage through four projects. Scheduled to come online between 2026 and 2028, the 13 projects are expected to create up to 2,440 construction jobs, drive local economic growth, and accelerate technological innovation. Acquisition Expands Natural Gas Capabilities NextEra Energy Resources agreed to acquire Symmetry Energy Solutions from Energy Capital Partners, enhancing its customer supply business. This acquisition strengthens the company's natural gas capabilities, deepens customer relationships, and positions NextEra Energy Resources as a leader in America's energy future. New Power Generation And Nuclear Supply Agreements NextEra Energy Resources and Basin Electric Power Cooperative signed an MOU to explore a new combined-cycle natural gas generation facility in North Dakota. The facility would provide 1,450 MW for multi-gigawatt data center campuses, creating jobs, generating tax revenue, and minimizing rate impacts. NextEra Energy Resources continues its North Dakota commitment, having invested over $3.7 billion since 2003. The company also extended its electricity supply agreement with WPPI Energy from the Point Beach Nuclear Plant into the 2050s, ensuring carbon-free baseload power for 51 utilities across Wisconsin, Iowa, and Michigan. NextEra Energy stock gained 16% year-to-date due to strong demand for clean energy (especially from AI and data centers), strategic partnerships like the expanded deal with Google Cloud. NEE Price Action: NextEra Energy shares were up 2.79% at $85.45 during premarket trading on Monday. The stock is approaching its 52-week high of $87.53, according to Benzinga Pro data. Read Next: Tesla Rolls Out Lower-Priced Model 3 In Europe As EV Competition Intensifies Photo by T. Schneider via Shutterstock NEENextEra Energy Inc$85.252.55%OverviewGOOGLAlphabet Inc$320.57-0.22%METAMeta Platforms Inc$670.59-0.42%Market News and Data brought to you by Benzinga APIs

NextEra Energy stock jumps after Google Cloud partnership expansion By Investing.com

Investing.com -- NextEra Energy (NYSE:NEE) stock rose 2.85% Monday after the company announced a significant expansion of its partnership with Google Cloud to develop multiple gigawatt-scale data center campuses across the United States. The collaboration will see NextEra Energy and Google Cloud jointly develop data centers with accompanying generation and capacity at multiple sites. The partnership also includes Google Cloud powering NextEra's enterprise-wide digital transformation using AI and infrastructure technologies. "Our partnership with Google exemplifies this very singular moment when energy and technology are becoming inextricably intertwined," said NextEra Energy chairman and CEO John Ketchum in the announcement. "Together, we intend to build data center capacity and energy infrastructure at scale, advance cutting-edge technology and reimagine how energy companies operate." The companies are currently developing the first three campuses and are working to identify additional locations. Their first commercial product is expected to be available in the Google Cloud Marketplace by mid-2026. This expanded partnership builds on an existing relationship between the two companies, which already have approximately 3.5 GW in operation or contracted. The collaboration will focus on developing AI-enhanced field operations and enabling a more reliable and resilient grid. In separate announcements, NextEra Energy Resources also revealed it had reached approximately 2.5 gigawatts of clean energy contracts with Meta Platforms, with projects scheduled to come online between 2026 and 2028. The company also disclosed agreements with WPPI Energy and the acquisition of Symmetry Energy Solutions. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

NextEra Energy, Google Cloud expand deal to add US capacity

Dec 8 (Reuters) - NextEra Energy said on Monday it has expanded its partnership with Google Cloud to scale up data center capacity by multiple gigawatts and boost energy infrastructure across the U.S. Shares of the company were up 2.3% in premarket trading. The deal comes as U.S. electricity demand grows due to rapid AI adoption, prompting cloud companies and utilities to secure land, grid connections and new generation to support large data center loads. (Reporting by Vallari Srivastava in Bengaluru; Editing by Tasim Zahid and Shinjini Ganguli)