Question · Q3 2025
David Caro asked about the interaction between renewables and data centers, specifically the typical percentage of power needs covered by renewables, colocation opportunities, and the role of battery storage in these designs. He also inquired about the trajectory of project returns and the potential for higher returns moving forward.
Answer
John Ketchum, Chairman, President, and CEO of NextEra Energy Inc., explained that data centers seek immediate load interconnects, often requiring them to bring their own generation. NextEra Energy can facilitate this with renewables, storage, or grid line upgrades for initial phases, with baseload generation following. He noted that combining a comprehensive solution with a trusted partner is key. Mr. Ketchum stated that project returns are higher than ever due to unique competitive advantages and supply/demand dynamics, leading to higher premiums and attractive returns, especially for re-contracting existing generation.