NextEra Energy (NEE) +1% pre-market Monday after announcing a significant expansion of its energy and technology partnership with Google Cloud (GOOG) (GOOGL), while also saying it has secured more than 2.5 GW of clean energy contracts from Meta Platforms (META) across the U.S.
Under the expanded deal with Google Cloud (GOOG) (GOOGL), NextEra (NEE) said the companies will develop multiple new gigawatt-scale data center campuses with accompanying generation and capacity, and use Google Cloud AI and infrastructure on NextEra’s (NEE) enterprise-wide digital transformation.
The two companies also said they will collaborate to improve those technological innovations and AI developments in an effort to accelerate go-to-market, with the first commercial product expected to be available in the Google Cloud Marketplace (GOOG) (GGOGL) by mid-2026.
NextEra (NEE) and Google (GOOG) (GOOGL) already have ~3.5 GW in operation or contracted; most recently, they announced the restart of the Duane Arnold Energy Center in Iowa followed by two new long-term power purchase agreements to add 600 MW of clean energy capacity to Oklahoma’s electricity grid to support Google’s technology infrastructure.
Separately, NextEra Energy (NEE) and Meta (META) said they have reached ~2.5 GW of clean energy contracts, achieved through 11 power purchase agreements and two energy storage agreements.