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Key takeaways
- NextEra Energy said Monday it has struck deals with Google and Alphabet’s Meta Platforms to support artificial intelligence data centers.
- The energy provider also raised its minimum full-year earnings forecast, and boosted its outlook for 2026.
NextEra Energy strikes new deals to operate AI data centers.
America’s largest energy infrastructure developer said Monday it has entered into agreements with Google and Alphabet’s (GOOGL) subsidiary Meta Platforms (META) to meet growing energy demand to support artificial intelligence data centers.
NextEra (NEE) said it plans to work with Google to create power infrastructure for data center campuses across the United States. As part of the deal, NextEra will also use Google Cloud AI to support its “digital transformation” and AI deployment.
Separately, NextEra said Meta has signed contracts for clean energy projects aimed at helping the tech giant achieve its clean energy goals, as well as building data center capacity.
Why is this important?
The artificial intelligence boom has lifted stocks across a wide range of industries this year, including energy, as the technology is widely expected to increase demand for electricity. With its recent data center deals, NextEra is positioning itself as a beneficiary.
Financial terms of the deals were not disclosed, although the energy provider also raised its minimum full-year earnings forecast and boosted its outlook for 2026, according to a regulatory filing on Monday.
NextEra said it now expects adjusted earnings per share of $3.62 to $3.70 for 2025, compared to $3.45 to $3.70 previously, and 2026 earnings per share of $3.92 to $4.02, up from a previous forecast of $3.63 to $4.
NextEra shares fell 3% on Monday amid broad market losses, while Alphabet shares fell 2% and Meta lost 1%. However, NextEra shares have added about 12% and Meta is up about 14% in 2025 so far. Alphabet shares are up nearly 70% year to date.
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