# NextEra Energy secures $1.9B DOE loan to restart nuclear plant for AI power

Digest AI · Hardware & Compute · published 2026-09-25T17:30:00Z

Canonical: https://digestai.news/story/nextera-energy-secures-1-9b-doe-loan-to-restart-nuclear-plant-for-ai-p

## Summary

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 early 2029.

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.

## 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

## Why it matters

NextEra’s nuclear and storage expansion directly addresses AI labs’ urgent need for reliable, high-capacity power. Its federal-backed projects could set a precedent for energy partnerships in the sector, while its dividend growth offers investors stability amid market volatility.

## Sources

1. [Anthropic Needs Gigawatts of Power It Doesn't Have. This Dividend-Paying Industrial Sells It.](https://fool.com/investing/2026/09/26/anthropic-gigawatt-power-dividend-industrial-stock) (fool.com, 2026-09-25)

## Cite

Digest AI, "NextEra Energy secures $1.9B DOE loan to restart nuclear plant for AI power", 25 September 2026, https://digestai.news/story/nextera-energy-secures-1-9b-doe-loan-to-restart-nuclear-plant-for-ai-p

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