The brief

Analyst view

• Owns utility FPL and NextEra Energy Resources, the world's largest wind and solar generator, plus 7 reactors at 4 plants.
• Restarting Iowa's Duane Arnold reactor for Google under a 25-year deal; a $1.9B federal loan closed Sep 2026.
• A $67B all-stock merger with Dominion Energy, agreed May 2026, is expected to close within 18 months of the announcement.

Technical approach

As reported

Renewables

Wind and solar at continental scale

Its Resources arm builds and runs wind farms, solar plants and batteries across the US and sells the power under long contracts.

Regulated utility

FPL as the steady base

FPL owns generation, wires and customers in Florida. Regulated returns fund growth and keep borrowing cheap.

Nuclear

Reviving existing reactors

Restarting a closed plant reuses a licensed site, a reactor and grid links, so firm, carbon-free power arrives years sooner than new builds.