NextEra Energy (NYSE:NEE) climbed 2.85% on Monday after unveiling a major expansion of its collaboration with Google Cloud aimed at developing multiple gigawatt-scale data center campuses across the United States.
Under the expanded partnership, the two companies will jointly build data centers along with the generation and capacity infrastructure needed to support them. Google Cloud will also play a central role in NextEra’s company-wide digital transformation, supplying AI tools and advanced infrastructure technologies.
“Our partnership with Google exemplifies this very singular moment when energy and technology are becoming inextricably intertwined,” said John Ketchum, NextEra’s chairman and CEO. “Together, we intend to build data center capacity and energy infrastructure at scale, advance cutting-edge technology and reimagine how energy companies operate.”
The firms are already working on their first three campuses and evaluating additional sites. Their initial commercial offering is scheduled to debut in the Google Cloud Marketplace by mid-2026.
This initiative expands on an existing relationship that encompasses roughly 3.5 GW of operational or contracted capacity. The enhanced arrangement will prioritize AI-enabled field operations and efforts to improve grid reliability and resilience.
Separately, NextEra Energy Resources announced it has secured around 2.5 gigawatts of clean energy contracts with Meta Platforms, with project launches expected between 2026 and 2028. The company also reported new agreements with WPPI Energy and the acquisition of Symmetry Energy Solutions.