- Business
- NextEra Energy, Inc. operates as a leading electric utility holding company that generates, transmits, distributes, and sells electric power to retail and wholesale customers primarily in North America through its subsidiaries Florida Power & Light Company (FPL), NextEra Energy Resources (NEER), NextEra Energy Services, and XPLR Energy Partners; FPL provides regulated electric utility services to approximately 6 million customer accounts across Florida, while NEER ranks as the world's largest generator of renewable energy from wind and solar, complemented by battery storage, natural gas, nuclear, and oil-fired power plants with a total generating capacity exceeding 73 gigawatts as of 2025. The company offers wholesale power generation; commercial and industrial electricity and natural gas supply with fixed-rate contracts, energy management strategies, and procurement guidance; energy engineering for efficiency improvements; advanced energy analytics software for risk minimization and predictive planning; load management and demand response programs; renewable energy solutions including wind farms, solar photovoltaic and concentrating solar power, and green hydrogen development; as well as transmission and distribution infrastructure across 49 U.S. states and 4 Canadian provinces. Founded in 1925 as Florida Power & Light Company and headquartered at 700 Universe Blvd. in Juno Beach, Florida, NextEra Energy maintains a diversified portfolio where renewables and storage constitute the majority of capacity growth, serving residential, commercial, industrial, municipal, and data center customers while investing approximately $120 billion in U.S. energy infrastructure over the next four years. Recent developments include the operational launch of the Amite Solar Energy Center in Louisiana as NEER's first utility-scale solar project there; a joint development agreement with Entergy for up to 4.5 gigawatts of solar capacity; a collaboration with Google to accelerate nuclear energy deployment through acquisition of interests in Duane Arnold Energy Center; addition of 3.2 gigawatts to its renewables and storage backlog in Q1 2025, reaching 28 gigawatts total; FPL's plans to add over 8 gigawatts of solar and battery storage by 2029 via a proposed Solar & Battery Base Rate Adjustment; release of strong Q1 2025 financial results with adjusted earnings of $1.05 per share; and a strategic shift by affiliate NextEra Energy Partners toward a 100% renewables focus by divesting natural gas pipeline assets.