NextEra Energy secures $1.9B DOE loan to restart nuclear plant for AI power
NextEra Energy’s subsidiary, Energy Resources, is positioning itself to meet AI labs’ growing energy demands. The company added 3.6 GW to its backlog in the second quarter, bringing its total to 35 GW across wind, solar, gas, nuclear, and battery storage. Earlier this month, it secured up to $1.9 billion in federal loans to restart a 615-MW nuclear facility in Iowa, aiming for reactivation by…
Key points
- NextEra Energy’s Energy Resources subsidiary added **3.6 GW** to its backlog in Q2, totaling **35 GW** across renewables, gas, nuclear, and storage
- Company secured **$1.9B** in DOE loans to restart a **615-MW nuclear plant** in Iowa by early 2029
- NextEra projects **10% dividend hike** this year and **6% annual growth** through 2028, with **8% EPS growth** targeted by 2035
NextEra’s growth strategy includes expanding its power generation and storage portfolio, supported by a 10% dividend increase this year and 6% annual growth through 2028. The company also targets 8% annual EPS growth through 2035. Despite recent stock slumps, NextEra’s dividend yield stands at 3.2%, and its project backlog is expected to continue expanding as new projects come online.
Anthropic Needs Gigawatts of Power It Doesn't Have. This Dividend-Paying Industrial Sells It.
fool.com · 25 September 2026
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