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 information heart hubs by 2035, CEO John Ketchum informed traders on Monday.
NextEra is the biggest renewable power developer within the U.S. by way of NextEra Vitality Assets, and likewise owns Florida Energy & Gentle. The utility additionally operates a fleet of nuclear- and pure gas-powered crops.
The facility firm additionally introduced a partnership with Alphabet‘s Google unit on Monday to develop three gigawatt scale information heart campuses within the U.S. with plans to develop to further places.
NextEra shares closed about 3% decrease on Monday.
A gigawatt is roughly equal to greater than 800,000 properties based mostly on common family electrical energy consumption in 2024, in accordance with the Vitality Data Administration.
Ketchum mentioned the 15 gigawatts of energy for information heart hubs is a “pretty conservative” goal.
“Fairly frankly, based mostly on what we’re seeing at the moment, we’ll be disillusioned if we do not do extra,” Ketchum mentioned at NextEra’s investor convention. There may be potential upside to construct 30 gigawatts of recent technology by 2035, he mentioned.
The information heart hubs will use all types of power, Ketchum mentioned. NextEra introduced a take care of Google in October to restart the Duane Arnold nuclear plant in Iowa by way of an influence buy settlement.
The information heart hubs will assist NextEra meet its goal of constructing 4 to eight gigawatts of recent gasoline technology by 2032 and significantly extra by 2035, Ketchum mentioned. NextEra is creating a pipeline of 20 gigawats of gasoline technology.
Ketchum acknowledged that the large energy demand from AI information facilities is elevating affordability issues. He mentioned the answer is for the large tech firms to deliver their very own energy technology with them after they commit to construct a knowledge heart.
“Hyperscalers can remedy that downside by bringing and paying for their very own energy technology and infrastructure,” the CEO mentioned.