The two companies already have 3.5 gigawatts of renewable and other power projects either operating or under contract, sufficient to supply approximately 2.5 million households. Under the new agreement, they will jointly build several large-scale data center campuses paired with dedicated new power plants, although specific capacity additions and financial terms were not disclosed.
"We are positioning our company around bring-your-own-generation, and we are uniquely positioned to win this," NextEra Chairman and CEO John Ketchum said during an investor conference.
Rising electricity demand from artificial intelligence infrastructure has prompted major technology companies to secure new power sources beyond existing grid capacity. NextEra and Google Cloud also plan to introduce an AI-based platform by mid-2026 that will help field teams predict equipment issues and improve overall grid reliability.
Looking ahead, NextEra expects to originate at least 15 gigawatts—and potentially significantly more—of new generation for data center customers by 2035.
To meet near-term needs, NextEra is collaborating with ExxonMobil to develop natural-gas-fired power plants equipped with carbon capture systems. An initial 1.2-gigawatt facility, located near ExxonMobil's CO? pipeline network in the southeastern United States, will be jointly offered to data center operators.
Nuclear energy is also seeing renewed interest. In October, NextEra agreed to restart the previously decommissioned Duane Arnold nuclear plant in Iowa under a 25-year power purchase agreement with Google. Additionally, the company signed an extension with WPPI Energy to continue supplying 168 megawatts from the Point Beach Nuclear Plant in Wisconsin into the 2050s.
NextEra has further secured more than 2.5 gigawatts of solar and storage contracts with Meta Platforms through 11 power purchase agreements and two energy storage deals, with projects scheduled to enter service between 2026 and 2028.
Reflecting strong demand growth, NextEra raised its financial guidance. The company now projects 2025 adjusted earnings per share of $3.62 to $3.70 (previously $3.45–$3.70) and 2026 adjusted earnings of $3.92 to $4.02 per share (previously $3.63–$4.00).
These initiatives underscore the rapid increase in electricity requirements driven by digital infrastructure and the corresponding expansion of clean and reliable power generation across multiple technologies.
