(Bloomberg) — NextEra Energy Inc. plans to build up to 10 gigawatts of natural gas-fired generation in Texas and Pennsylvania to meet soaring demand driven in part by the data center boom.
The company said in a statement Friday that President Donald Trump approved the initiative, which is potentially equivalent to the output of 10 nuclear reactors. The announcement comes as Republicans seek to address rising power costs ahead of the fall midterm elections.
Support from the Trump administration was tied to a sweeping trade deal with Japan, the company said. The projects would be jointly owned by the US and Japan, with NextEra seeking to build and operate them. The company — a major builder of US solar and wind farms — has ambitions to develop 15 gigawatts of data center capacity by 2035.
NextEra said the projects will be based at hub facilities “designed to scale quickly” to meet rising demand and bolster US energy security without increasing household electricity costs, said Chief Executive Officer John Ketchum.
The investment remains subject to negotiations and final agreements, the company said.
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