NextEra Vitality Chairman, President and CEO John Ketchum participates in a panel throughout CERAWeek in Houston, Texas, U.S., March 10, 2025.
Kaylee Greenlee | Reuters
NextEra Vitality plans to construct 15 gigawatts of recent energy technology for knowledge heart hubs by 2035, CEO John Ketchum informed traders on Monday.
NextEra is the biggest renewable vitality developer within the U.S. via NextEra Vitality Assets, and likewise owns Florida Energy & Mild. The utility additionally operates a fleet of nuclear- and pure gas-powered vegetation.
The ability firm additionally introduced a partnership with Alphabet‘s Google unit on Monday to develop three gigawatt scale knowledge heart campuses within the U.S. with plans to increase to extra areas.
NextEra shares closed about 3% decrease on Monday.
A gigawatt is roughly equal to greater than 800,000 properties primarily based on common family electrical energy consumption in 2024, in keeping with the Vitality Info Administration.
Ketchum mentioned the 15 gigawatts of energy for knowledge heart hubs is a “pretty conservative” goal.
“Fairly frankly, primarily based on what we’re seeing as we speak, we’ll be disenchanted if we do not do extra,” Ketchum mentioned at NextEra’s investor convention. There’s potential upside to construct 30 gigawatts of recent technology by 2035, he mentioned.
The information heart hubs will use all types of vitality, Ketchum mentioned. NextEra introduced a take care of Google in October to restart the Duane Arnold nuclear plant in Iowa via an influence buy settlement.
The information heart hubs will assist NextEra meet its goal of constructing 4 to eight gigawatts of recent fuel technology by 2032 and significantly extra by 2035, Ketchum mentioned. NextEra is growing a pipeline of 20 gigawats of fuel technology.
Ketchum acknowledged that the massive energy demand from AI knowledge facilities is elevating affordability issues. He mentioned the answer is for the massive tech corporations to deliver their very own energy technology with them after they commit to construct a knowledge heart.
“Hyperscalers can clear up that drawback by bringing and paying for their very own energy technology and infrastructure,” the CEO mentioned.
