NextEra Energy

What NextEra Energy does

NextEra Energy, Inc. (NYSE: NEE) is the largest electric power and energy infrastructure company in North America by market capitalization (~$181 billion as of June 2026) and operates a dual-engine platform spanning regulated electric utility service and competitive wholesale generation. The regulated franchise is Florida Power & Light Company (FPL), America's largest electric utility by retail accounts, serving more than 6 million customer accounts (~12 million people) across Florida at rates set by the Florida Public Service Commission. The competitive franchise is NextEra Energy Resources, LLC, the largest US wholesale power generator with a 76 GW operating portfolio (as of Sept. 30, 2025) spanning nuclear, natural gas, wind, solar, and battery storage across more than 450 sites in 49 US states and 4 Canadian provinces.

Revenue is generated through two parallel channels: regulated retail electricity subscriptions at FPL and long-term power purchase agreements (PPAs) for wholesale generation at NextEra Energy Resources. Wholesale counterparties include hyperscalers (Google under a 25-year nuclear PPA and a December 2025 Strategic Energy and Technology Partnership; Meta under ~2.5 GW of clean energy contracts), the U.S. Department of Commerce (9.5 GW gas-fired generation under the U.S.-Japan trade deal), and corporate/utility buyers. A $66.8-67 billion all-stock acquisition of Dominion Energy (announced May 18, 2026) would, on close in H2 2027, extend the regulated utility footprint into Virginia, North Carolina, and South Carolina, taking customer accounts to ~10 million and generation capacity to 110 GW.

The technology stack is anchored by an in-house 35 Mules innovation hub, AI-equipped drone fleet (FPLAir One), a Category 5-rated smart-grid distribution control center, the world's largest solar-powered battery storage facility at Manatee (409 MW / 900 MWh), and the enterprise-wide REWIRE AI transformation initiative overseen by NextEra Analytics under the Chief Risk Officer. Capital structure includes a pending $1.97B equity units offering (priced February 2026) and ~€4.25 billion of euro-denominated hybrid securities (November 2025-February 2026), making NextEra the largest global issuer of hybrid bonds and supporting ~$120 billion of planned four-year US energy infrastructure investment.

Name

NextEra Energy

Legal name

NextEra Energy, Inc.

Website

https://nexteraenergy.com

Company type

Public

Founded year

1925

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

NextEra Energy (NYSE: NEE) is the largest US electric power and energy infrastructure company, operating FPL — America's largest electric utility — alongside NextEra Energy Resources, the nation's largest wholesale renewable generator with a 76 GW portfolio serving utilities, hyperscalers, and the U.S. government.

Ownership category

akta.pro rank

Product category

Electric Utilities and Power Generation

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

Power Electronics & Grid-Tie Equipment Manufacturing (Converters, Transformers, Switchgear) (EUAMAHAH)

akta.pro secondary industries

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB), Demand Response, Load Flexibility & Smart Thermostat Aggregation (EUADAPAM), Renewable Monitoring, Controls & SCADA Hardware Manufacturing (Sensors, RTUs, Meters) (EUAMAHAJ), Energy Storage Components for Renewables Manufacturing (BESS Packs, PCS, Thermal Management) (EUAMAHAI)

Keywords

• Electric utility services
• Renewable energy generation
• Wholesale power generation
• Energy infrastructure development
• Regulated electricity distribution

Headquarters

HQ city

Palm Beach

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Regulated Utility Service (FPL): Rate-regulated electric service to more than 6 million customer accounts in Florida (~12 million people), with revenues set by the Florida Public Service Commission.
2. Wholesale Power Generation (NextEra Energy Resources): Long-term power purchase agreements (PPAs) with utilities, hyperscalers and large corporate customers for output from wind, solar, nuclear, natural gas, and battery storage assets.
3. Energy Infrastructure Development & Transmission: Development, construction and operation of energy infrastructure including transmission projects and contracted clean energy projects with stable, long-term cash flows.
4. Residential & Community Solar Programs: FPL SolarTogether (largest community solar program in the U.S.), FPL EVolution electric vehicle charging program, and EverBright residential solar designs and financing.
5. Capital Markets & Hybrid Securities Issuance: Issuance of equity units, hybrid bonds (€4.25 billion raised November 2025–February 2026), and other capital instruments that are equity-like under S&P classification, used to fund infrastructure investment without shareholder dilution.

Pricing tiers

Go-to-market motion5 records

Distribution channels5 records

Marketing channels10 records

Core offering

NextEra Energy is a U.S. energy holding company that operates two complementary businesses: (1) Florida Power & Light Company (FPL), America's largest rate-regulated electric utility serving more than 6 million accounts across Florida, and (2) NextEra Energy Resources, the nation's largest wholesale power generator with a 76 GW operating portfolio spanning nuclear, natural gas, wind, solar and battery storage sold under long-term power purchase agreements to utilities, hyperscalers and large corporate customers.

Product overview

NextEra Energy is not a single unified software product but a diversified energy infrastructure holding company that operates through a platform-plus-subsidiary architecture. Its core regulated platform is Florida Power & Light Company (FPL), America's largest electric utility serving more than 6 million accounts across Florida, complemented by NextEra Energy Resources, the nation's largest wholesale power generator and renewable energy developer with a 76 GW operating portfolio spanning renewables, storage, natural gas and nuclear. Supporting assets and programs — including NextEra Energy Transmission, XPLR Infrastructure (formerly NextEra Energy Partners), the Manatee Energy Storage Center, FPL SolarTogether, FPL EVolution, the Cavendish NextGen Hydrogen Hub, and projects like the Duane Arnold nuclear recommissioning — extend the platform into storage, EV charging, hydrogen, and grid modernization. Internal innovation capabilities such as 35 Mules, NextEra Analytics with its REWIRE AI transformation initiative, the FPLAir One drone, and the FPL Distribution Control Center form a technology layer that ties the generation, transmission, distribution, and customer-facing offerings together. The May 2026 announcement of a $67 billion all-stock merger with Dominion Energy would, if approved, extend this architecture into Virginia, North Carolina, and South Carolina to create the world's largest regulated electric utility with approximately 110 GW of generation capacity.

Differentiator

Problem solved

Functional benefit

Brands

• Florida Power & Light Company (FPL): America's largest electric utility, a wholly owned subsidiary serving more than 6 million accounts and around 12 million people in Florida with vertically integrated rate-regulated electric service.
• NextEra Energy Resources
• NextEra Energy Transmission
• XPLR Infrastructure, LP
• FPL SolarTogether
• FPL EVolution
• 35 Mules

Products and services

• Florida Power & Light (FPL) Regulated Electric Service America's largest electric utility, providing rate-regulated electric service to more than 6 million customer accounts (around 12 million people) across Florida, including residential, commercial and industrial customers. Rates are set by the Florida Public Service Commission.
• NextEra Energy Resources Wholesale Power Generation (PPAs) Wholesale generation of electric power sold under long-term PPAs to utilities, hyperscalers (Google, Meta, Microsoft, Amazon) and large corporate customers across 49 U.S. states and 4 Canadian provinces. Covers renewables, storage, natural gas and nuclear.
• NextEra Energy Transmission Services Competitive electric transmission infrastructure development and operations for regional grid operators and utilities, providing high-voltage transmission services (345-kV and 765-kV) to enhance grid reliability and affordability.
• FPL SolarTogether Community Solar Program The largest community solar program in the U.S., offered by FPL, allowing Florida residents and businesses to subscribe to shared solar generation without installing rooftop panels.
• FPL EVolution Electric Vehicle Charging FPL's electric vehicle charging program designed to support the electrification of Florida transportation, providing residential and commercial EV charging solutions.
• EverBright Residential Solar Solutions Residential and commercial rooftop solar designs, installation and financing offered by NextEra subsidiary EverBright for U.S. homeowners and businesses seeking rooftop solar and energy services.

Quantifiable outcome

• 76 GW operating portfolio (largest in U.S. electric power industry)
• +7 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability10 records

Feature7 records

Partnerships

17 partnerships are on record, tiered core, flagship and minor.

• Korea Electric Power Corporation (KEPCO) and Korea Hydro & Nuclear Power Co. (KHNP)coreStrategic or Co-development Partner · 11 June 2026Participated alongside NextEra Energy in the Korea-U.S. Energy Business Forum in Washington on June 11, 2026, deepening bilateral cooperation on energy and marking the 70th anniversary of the civil nuclear cooperation agreement between Seoul and Washington.
• GE VernovacoreStrategic or Co-development Partner · 11 June 2026Participated alongside NextEra Energy in the Korea-U.S. Energy Business Forum in Washington on June 11, 2026; also identified by Bernstein as a top Outperform pick alongside NextEra Energy in the U.S. power sector restructuring theme.
• Dominion EnergyflagshipStrategic or Co-development Partner · 18 May 2026NextEra Energy agreed to acquire Dominion Energy in an all-stock merger valued at $66.8–67 billion, expected to close in the second half of 2027, creating the world's largest regulated electric utility (~10 million customer accounts, 110 GW of generation). Exchange ratio of 0.8138 NextEra shares per Dominion share plus a one-time $360 million cash distribution. Announced May 18, 2026.
• McGuireWoodsflagshipImplementation/ SI/ Consulting Partner · 18 May 2026McGuireWoods advised Dominion Energy on its merger agreement with NextEra Energy announced May 18, 2026 — the largest power acquisition in U.S. history. Deal team led by partner Joanne Katsantonis and recognized in Law360's 'Legal Lions of the Week'.
• Exelon CorporationflagshipStrategic or Co-development Partner · 13 February 2026NextEra Energy Transmission and Exelon welcomed the PJM Board of Directors' approval of their proposed ~220-mile, 765-kV transmission line project to enhance electric reliability and affordability for West Virginia, Pennsylvania and the Mid-Atlantic region. Announced February 13, 2026.
• Google CloudflagshipStrategic or Co-development Partner · 8 December 2025NextEra Energy and Google Cloud announced a Landmark Strategic Energy and Technology Partnership on December 8, 2025, representing a significant expansion in their long-standing energy and technology collaboration to accelerate AI growth.
• Energy Capital Partners (ECP)coreOEM/ Whitelabel/ Licensing Partner · 8 December 2025Seller counterparty in NextEra Energy Resources' agreement to acquire Symmetry Energy Solutions from Energy Capital Partners, expanding natural gas capabilities. Announced December 8, 2025.
• Portland General ElectriccoreStrategic or Co-development Partner · 1 January 2022Commissioned the first utility-scale energy facilities in North America to co-locate wind, solar and battery storage with NextEra Energy Resources in 2022.
• Sonoma Clean PowerminorStrategic or Co-development Partner · 1 January 2017Partnered with NextEra Energy Resources on the Golden Hills North Wind Energy Center repowering project in California (2017) — replaced 283 30-year-old wind turbines with 20 new 2.3-megawatt GE turbines.
• Meta PlatformsflagshipStrategic or Co-development PartnerNextEra Energy Resources and Meta have reached approximately 2.5 GW of clean energy contracts to strengthen American energy leadership. Announced via press release dated December 8, 2025.
• GoogleflagshipStrategic or Co-development PartnerSigned a 25-year Power Purchase Agreement to recommission the 615 MW Duane Arnold nuclear plant in Iowa, with a target in-service year of 2029. Also one of two partners (with Exxon) for large-scale data center power generation initiatives.
• ExxonMobilflagshipStrategic or Co-development PartnerIdentified as a partner alongside Google for data center-focused initiatives and large-scale data center power generation, supporting NextEra's goal of powering 15 GW of data-center hubs with possible nuclear extensions.
• Quantum Capital GroupcoreStrategic or Co-development PartnerNextEra Energy announced a $1.3 billion acquisition of Caliber Resource Partners (backed by Quantum Capital Group) and formed a joint venture with Quantum to manage U.S. shale assets, giving NextEra greater access to domestic natural gas supplies.
• New Mexico Renewable Energy Transmission Authority (RETA)coreStrategic or Co-development PartnerNextEra Energy Transmission and the New Mexico RETA energized a 137-mile, 345-kilovolt transmission line (Crossroads–Hobbs–Roadrunner) in Roosevelt and Lea counties, New Mexico, completed ahead of schedule and expected to reduce residential electricity bills by approximately $13 per month.
• PG&E (Pacific Gas & Electric)minorStrategic or Co-development PartnerTogether with NextEra Energy Resources, opened the 78.2-megawatt Vasco Wind Energy Center near San Francisco, California (historical partnership).
• Gexa Energy / NextEra Energy Services / EverBrightcoreStrategic or Co-development PartnerAffiliate companies within the NextEra Energy family — Gexa Energy (retail electricity provider in Texas), NextEra Energy Services (retail electricity outside Florida), and EverBright (residential solar designs and financing).
• Florida International University (FIU)minorStrategic or Co-development PartnerDeveloped a commercial-scale solar installation on the FIU campus with NextEra Energy and doubled the size of the FPL on-campus Customer Care Center to create opportunities for students.

Scale indicators17 records

Recent moves11 records

Expansion highlights7 records

Direct peers

• Dominion Energy: Vertically integrated regulated electric utility with regulated generation, transmission, and customer franchises in Virginia, the Carolinas, and Utah; the pending NextEra-Dominion all-stock merger underscores their direct comparability in regulated rate-base scale and generation mix.
• Duke Energy: One of the largest U.S. regulated electric utilities serving ~8.7M customers across the Carolinas, Florida, Indiana, Ohio, and Kentucky; comparable regulated rate-base model, retail customer concentration, and meaningful renewable/nuclear generation similar to NextEra's FPL segment.
• Southern Company: Vertically integrated regulated electric utility serving ~9M customers across the Southeast with a large generation fleet including nuclear, gas, and renewables; directly comparable in regulated-utility economics, generation diversification, and Southeast U.S. footprint.
• Constellation Energy: Largest U.S. operator of competitive nuclear generation and competitive power supplier; the closest direct competitor to NextEra Energy Resources for hyperscaler and data-center clean-firm PPAs (e.g., the Meta 20-year nuclear PPA), and a credible alternative for nuclear restart opportunities like Duane Arnold.
• Vistra Corp: Largest competitive power generator in the U.S. with a diversified nuclear, gas, coal, solar, and battery portfolio; directly competes with NextEra Energy Resources in wholesale PPAs and is pursuing data-center power supply at scale.
• American Electric Power: One of the largest U.S. regulated electric utilities with the nation's biggest transmission system (similar to NextEra Energy Transmission); comparable rate-regulated model and significant renewable generation portfolio across the Midwest, Mid-Atlantic, and Texas.
• Xcel Energy: Regulated utility serving 8 states with a strong renewables-led strategy; comparable to FPL's regulated franchise and to NextEra Energy Resources in utility-scale wind/solar development, particularly across the Midwest and Texas.
• Exelon Corporation: Pure-play T&D regulated utility operating across the Mid-Atlantic, Midwest, and other regions; NextEra's transmission partner on the 765-kV PJM project and a comparable rate-base scale investor with similar regulatory mechanics.

Broad incumbents

• Iberdrola (via Avangrid): Global renewable and regulated utility leader with substantial U.S. footprint through Avangrid; overlaps with NextEra in utility-scale wind/solar development, regulated T&D, and as a global peer pursuing clean firm power for industrial and data-center customers.
• Brookfield Renewable Partners: One of the world's largest publicly traded renewable power platforms with wind, solar, storage, and hydro assets; directly comparable to NextEra Energy Resources in long-term PPA origination, scale, and capital recycling.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat8 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/nexteraenergy
• YouTubeyoutube.com/channel/UCbM4Y9uPpWcrSS9AiqWTbZA
• Facebookfacebook.com/nexteraenergy
• LinkedInlinkedin.com/company/nextera-energy-inc

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries8 records

Funding overview

Funding rounds8 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NextEra Energy