NEW YORK, July 24 (Reuters) - NextEra Energy expects
demand for new renewables power to triple over the next seven
years to meet quickly rising electricity demand from technology
and data center customers, the company said on Wednesday.
NextEra, which is based in Florida, was also cautiously
considering a restart of its Duane Arnold nuclear plant in Iowa.
Executives with NextEra, which has the world's largest
renewable energy business, said rising U.S. power consumption
would provide opportunities and demand if they company proceeds
with resurrecting its nuclear plant, which was shut in 2020.
"It is something that we are looking at, but there's a lot
of thought that has to go into it," said NextEra CEO John
Ketchum, who added that the company would need to fine a
risk-free approach to any restart.
U.S. power companies, including Constellation and others
with nuclear power, are particularly expected to benefit from
the pledges by big tech firms to invest in new climate-friendly
energy generation to cater to surging AI power needs.
NextEra sees its total renewables portfolio with technology
and data center customers, including assets in operation and in
backlog, standing at seven gigawatts (GW).
Its renewables segment saw a rise of 3 GW worth of
renewables and storage projects in the quarter, with one of the
project being Google's 860 megawatt (MW) demand for its data
center power.
"Some of this is going to be a little bit longer to
materialize on the gross side" said Rebecca Kujawa, chief
executive of NextEra Energy Resources, adding that some projects
could start up between 2026 and 2028.