NextEra Energy To Generate 15 GW Of Power For Data Centers, Announces Deals With Google, Meta

• NEE’s deals include a 2.5 GW deal with Meta across 13 projects between 2026 and 2028. 
• The renewables firm is acquiring Symmetry Energy Solutions to increase its gas capabilities.
• In a separate statement, NEE announced that it is renewing its partnership with Google Cloud to build new data centers in the US.

NextEra Energy (NEE) is slated to build 15 gigawatts (GW) of power for data center hubs by 2035 to support increased gas origination, the company told investors on Monday.

This includes a partnership with Meta, where NEE will provide 2.5 GW across 13 projects between 2026 and 2028. 

The company has also identified over 20 potential hubs, with an expectation to grow up to 40 by the end of 2026. “This country is at an inflection point. America needs affordable and reliable power,” said John Ketchum, chairman and CEO at NextEra Energy to investors.

NEE shares are down about 1.2% during market hours on Monday.

Acquisitions And Partnerships

Among the announcements, NEE said it will acquire Symmetry Energy Solutions to increase its gas capabilities, with the acquisition expected to be completed in the first quarter of 2026. The company is also partnering with Comstock Resources to build gas-fired generation for hyperscaler data centers with up to ~8 GW of new generation.

In a separate statement released on Monday, NEE renewed its partnership with Google Cloud to build new multi-gigawatt data centers and upgrade energy infrastructure in the US.

The collaboration aims to enhance technological innovations and AI developments that are intended to accelerate go-to-market as well as transform the energy sector and support the rapid development of data centers and the infrastructure around them.

The partnership will also boost NEE’s enterprise-wide digital transformation by leveraging Google Cloud’s AI and infrastructure. To begin with, the firms will build three data centers across the US, after which they intend to identify additional locations to expand.

The deals come amid a massive surge in electricity demand in the US, driven by demand from data centers that could potentially exceed grid-based power generation and transmission capacity. According to research from S&P Global, grid-based electricity consumption in the country could grow by up to 25% by 2030 vis-a-vis 2025 levels. 

NextEra Energy and Google have a longstanding partnership with about 3.5 GW already in operation or contracted. Earlier this year, the firms restarted an energy center in Iowa and entered into two new long-term power purchase agreements to increase energy capacity in Oklahoma. 

How Did Stocktwits Users React?

On Stocktwits, retail sentiment toward the stock changed to ‘bullish’ from ‘neutral’, and message volume remained ‘high’ at the time of writing. 

NEE stock has gained over 14% year-to-date (YTD) at the time of writing. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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