nextera energy, inc.

overview

NextEra Energy is the world’s largest producer of wind and solar energy and a leading battery storage operator in North America. The company operates through two main divisions: Florida Power & Light (FPL), one of the largest rate-regulated electric utilities in the United States serving 12 million people across Florida; and NextEra Energy Resources (NEER), the world’s largest generator of renewable energy from wind and solar. As a supplier partner to the AI Infrastructure Partnership announced in September 2024, NextEra is positioned to accelerate scaling of critical energy solutions for AI data centers using an all-of-the-above approach combining renewables, battery storage, natural gas, and nuclear generation.

business model

Dual business model: (1) FPL operates as regulated electric utility in Florida with rate-of-return regulation and captive customer base generating stable cash flows; (2) NEER operates as competitive renewable energy developer and power marketer, building and operating wind, solar, and battery storage facilities under long-term power purchase agreements with utilities, corporations, and now data centers. Data center strategy focuses on providing comprehensive energy solutions including renewable energy, grid services, and potentially on-site generation to support AI infrastructure expansion.

data center profile

global footprint

us portfolio (from database)

projects by state

specialization

primary focus: renewable, utility, battery-storage, grid-services

key differentiators:

• World’s largest wind and solar energy producer (30+ GW renewable capacity)

• Leading battery storage operator in North America

• All-of-the-above energy approach (renewables, gas, nuclear)

• Supplier partner to AI Infrastructure Partnership

• Proven track record delivering large-scale renewable projects

financial highlights

strategy

corporate strategy

NextEra Energy is positioning itself as the essential energy infrastructure partner for the AI era, leveraging its unmatched renewable energy scale and operational expertise to support unprecedented data center power demands. The company’s dual platform strategy combines FPL’s regulated utility foundation providing stable cash flows with NEER’s competitive renewable energy business capturing growth opportunities in data center and corporate markets. Through participation in the AI Infrastructure Partnership announced September 2024, NextEra aims to become the preferred energy solutions provider for hyperscale AI infrastructure, offering comprehensive packages combining renewable generation, battery storage, grid services, and potentially natural gas and nuclear generation. Strategy emphasizes sustainability leadership while maintaining reliability through all-of-the-above energy approach, balancing environmental commitments with practical requirements for 24/7 data center operations.

growth strategy

Data center energy demand represents transformational growth opportunity for NextEra’s renewable energy business. Strategy focuses on: (1) Scaling renewable energy supply to meet AI infrastructure needs through AIP partnership and direct relationships with hyperscalers; (2) Developing hybrid renewable + storage projects providing firm, dispatchable clean energy suitable for data center requirements; (3) Expanding battery storage portfolio to enable higher renewable energy penetration and grid services; (4) Leveraging FPL utility platform to attract data center development in Florida with reliable, increasingly clean power; (5) Pursuing long-term power purchase agreements with data center operators seeking 24/7 carbon-free energy; (6) Exploring on-site or near-site generation solutions for large data center campuses; (7) Potentially developing advanced nuclear (SMR) capabilities to provide carbon-free baseload power. NextEra targeting significant capital deployment in renewable and storage infrastructure over next decade to support data center growth.

power strategy

All-of-the-above energy strategy combining renewables, battery storage, natural gas, and nuclear to meet data center reliability and sustainability requirements. Approach emphasizes providing 24/7 carbon-free energy solutions through hybrid renewable + storage projects, firm capacity commitments, and grid-integrated portfolios. Recognizes data centers need both clean energy credentials and uninterruptible power, requiring sophisticated energy management beyond intermittent renewables alone.

renewable commitment: NextEra is world’s largest producer of renewable energy with over 30 GW of wind and solar capacity operational. Company continues aggressive renewable expansion with multi-gigawatt annual development pipeline. FPL subsidiary targeting 40% reduction in carbon emissions rate by 2025 from 2005 levels, with long-term goal of carbon neutrality. NEER subsidiary committed to developing renewable energy projects under long-term PPAs with corporate customers including data centers. Company’s Real Zero initiative aims to eliminate carbon emissions from operations by 2045 through renewable energy deployment, nuclear generation, and grid modernization. NextEra has installed more solar in past decade than any other U.S. utility holding company.

nuclear partnerships:

• FPL operates multiple nuclear units providing carbon-free baseload power

• Potential SMR development discussions as part of AIP collaboration

• Exploring advanced nuclear technologies to complement renewable energy for data center markets

major commitments

partnerships

financial partnerships

leadership

John Ketchum

Chairman, President and Chief Executive Officer

Former President and CEO of NextEra Energy Resources; extensive renewable energy and utility industry experience

Leading NextEra’s strategic positioning as energy partner for AI infrastructure boom; oversees both FPL regulated utility and NEER renewable energy businesses; championing all-of-the-above energy strategy for data center markets

Rebecca Kujawa

Executive Vice President and Chief Financial Officer

Long tenure at NextEra Energy in finance leadership roles

Managing capital deployment strategy for renewable energy and data center infrastructure investments

Armando Pimentel

President and Chief Executive Officer, Florida Power & Light

Career at FPL spanning multiple decades

Oversees FPL’s grid modernization and potential data center development in Florida service territory

competitive position

NextEra Energy is the dominant renewable energy producer in North America and a leading utility holding company, positioning it uniquely to serve data center energy needs at scale. Company’s 30+ GW renewable portfolio dwarfs competitors and provides unmatched ability to supply clean energy to hyperscale customers. Dual platform combining regulated utility (FPL) and competitive renewable energy business (NEER) provides diversification and stability. AIP partnership positions NextEra as preferred energy supplier to potentially world’s largest AI data center platform (Aligned).

strengths

• World’s largest wind and solar energy producer (30+ GW)

• Leading battery storage operator in North America

• Proven renewable energy development and operations expertise

• FPL regulated utility providing stable cash flow foundation

• Market capitalization over $140 billion enabling substantial capital deployment

opportunities

• AI infrastructure boom driving unprecedented data center energy demand

• Hyperscaler sustainability commitments requiring 24/7 carbon-free energy solutions

• AIP partnership providing access to massive data center development pipeline (Aligned 5+ GW platform)

• Battery storage technology improvements enabling higher renewable penetration

• Potential SMR development for carbon-free baseload power

threats

• Competing energy suppliers (other utilities, renewable developers, nuclear vendors) targeting data center market

• Data center self-generation or behind-the-meter solutions bypassing utility relationships

• Federal tax policy changes reducing renewable energy incentives

• Grid capacity constraints limiting data center development in key markets

• Technology disruption (fusion, distributed generation, demand reduction) changing energy landscape

projects

sources

• NextEra Energy Corporate Website

• NextEra Energy (2024)

• NextEra Energy Investor Relations

• NextEra Energy (2024)

• AI Infrastructure Partnership (AIP), MGX, and BlackRock’s Global Infrastructure Partners (GIP) to Acquire All Equity in Aligned Data Centers

• Business Wire (2025-10-15)

• BlackRock, Global Infrastructure Partners, Microsoft and MGX launch new AI partnership to invest in data centers and supporting power infrastructure

• Microsoft News (2024-09-17)

• AI Infrastructure Partnership

• BlackRock (2024-09-17)

• NextEra Energy

• Wikipedia (2024)

• NextEra Energy, Inc. (NEE) Stock Price, News, Quote & History

• Yahoo Finance (2025)

• Environmental Leadership and Sustainability

• NextEra Energy (2024)

• Florida Power & Light Company

• FPL (2024)

• NextEra Energy Resources

• NextEra Energy Resources (2024)