Ketchum also announced that NextEra had secured two framework agreements for the potential development of up to 10.5 GW of renewables and storage to be built through 2030. Although company executives said they were not yet able to identify which companies had countersigned the agreements, they described them as “Fortune 50” companies outside the tech industry.
New demand from data centers and tech hyperscalers amid an increasingly limited supply of new generation projects has put pressure on other industries that are also looking to secure renewable energy, Ketchum said. “All ships are rising with the tide here,” he said, “because they may be facing higher power prices down the road.”
The company reported a net income of $1.85 billion, compared to $1.22 billion in the third quarter of 2023.