TLDR
- NextEra Energy shares gained 2.7% premarket following major partnership announcements with Google Cloud and Meta Platforms
- Company will build multiple gigawatt-scale data centers with Google Cloud to meet surging AI power demands
- Meta signed contracts for over 2.5 gigawatts of clean energy through 11 power purchase agreements with NextEra
- NextEra boosted 2025 earnings guidance to $3.62-$3.70 per share and 2026 outlook to $3.92-$4.02 per share
- AI-powered grid management product launching on Google Cloud Marketplace by mid-2026
NextEra Energy stock climbed 2.7% in premarket trading Monday after announcing expanded partnerships with two tech giants. The deals position the utility to capitalize on explosive AI-driven electricity demand.
The company will develop multiple gigawatt-scale data center campuses with Google Cloud. Each facility includes dedicated power generation and grid capacity. The partnership expands their existing relationship of approximately 3.5 gigawatts already operational or contracted.
Tech companies are racing to secure reliable power sources for AI operations. Data centers running artificial intelligence require massive electricity supplies. This has created unprecedented opportunities for utility providers like NextEra.
Google Cloud Partnership Details
NextEra and Google Cloud will collaborate on AI-powered grid technology. The companies are developing tools to predict equipment failures and optimize crew scheduling. These innovations aim to improve reliability during storms and address aging infrastructure challenges.
Their first commercial product launches on Google Cloud Marketplace by mid-2026. The technology will help utilities manage growing electricity demands across their networks.
The partnership recently restarted the Duane Arnold Energy Center in Iowa. The nuclear plant had been offline for five years. Nuclear power is gaining renewed attention as data center needs explode.
Google and NextEra also signed two power purchase agreements adding 600 megawatts in Oklahoma. Those contracts directly support Google’s technology infrastructure in the state.
Meta Contracts Push Clean Energy Portfolio
NextEra secured more than 2.5 gigawatts in contracts with Meta Platforms. The agreements include 11 power purchase agreements and two energy storage deals. Projects will come online between 2026 and 2028.
Meta needs vast electricity supplies for its data centers and AI operations. The social media giant joins other tech companies locking down long-term clean energy sources.
NextEra also reached an agreement with WPPI Energy. The utility will continue supplying 168 megawatts from Point Beach Nuclear Plant in Two Rivers through the 2050s.
Earnings Outlook Improves
The company raised its 2025 adjusted earnings forecast. The new range is $3.62-$3.70 per share versus the prior $3.45-$3.70 guidance. NextEra also lifted its 2026 outlook to $3.92-$4.02 per share from $3.63-$4.00 previously.
The improved forecasts reflect surging power demand from AI adoption. Cloud companies and utilities are securing land and grid connections. They need substantial new generation capacity for data center loads.
NextEra operates Florida Power & Light and NextEra Energy Resources. The company ranks among America’s largest utilities. It specializes in renewable energy and clean power generation across multiple states.
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