NextEra (NEE) Anticipates Adding up to 30 Gigawatts of Power for Data Centers by 2035

NextEra Energy, Inc. (NYSE:NEE) is one of the Goldman Sachs Energy Stocks: 10 Stocks to Buy.

On March 3, 2026, Reuters reported that NextEra Energy, Inc. (NYSE:NEE) plans to install between 15 and 30 gigawatts of new power generation capacity for data centers in the United States by 2035. The corporation presented the proposal in a presentation, aiming to meet rising electricity demands caused by energy-intensive artificial intelligence technology. Data centers are increasingly requiring separate power plants as their immediate electricity demands surpass existing grid capacity.

Thirty gigawatts of generation could supply electricity to around 22 million homes, more than the number of households in California. The corporation expects natural gas generation to account for the majority of the new capacity, and it has a development pipeline of more than 20 gigawatts of gas-fired projects. NextEra Energy Resources, LLC (NEER) oversees the company’s renewable and natural gas development, while Florida Power & Light Company serves as its regulated electric utility.

NextEra (NEE) Anticipates Adding up to 30 Gigawatts of Power for Data Centers by 2035

Separately, on March 5, 2026, UBS boosted its price target for NextEra Energy, Inc. (NYSE:NEE) from $91 to $104 while maintaining a Buy rating. The corporation noted high demand for new power generation, notably within NextEra Energy Resources, LLC (NEER), which serves large-load customers such as data centers. According to UBS, next-generation deals have the potential to boost investor confidence and value.

NextEra Energy, Inc. (NYSE:NEE) provides renewable energy. It operates through two segments: FPL and NEER.

While we acknowledge the risk and potential of NEE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NEE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.