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Energy for the Coming Era

NextEra Energy Inc., more often than not simply referred to as NextEra, is an American Energy company that generates and sells electricity and associated services to private individuals and businesses. The company is one of the largest of its kind in the US and is one of the world's largest generators of renewable energy, but also produces electricity from more traditional sources such as oil, natural gas, and nuclear. The company is headquartered in Juno Beach, Florida, and its shares trade on the NYSE.

Powering Florida

Founded as Florida Power & Light Company (FPL) in the 1920s, NextEra Energy's early incarnation was primarily concerned with electrifying the state of Florida. This was during a time when the state was being modernized incredibly quickly, with lakes and swamplands being converted into livable communities. FPL gained a massive market share as infrastructure projects expanded, and towns and cities continued to grow. In the early 2000s, the company began substantial investments in renewable energy technologies, particularly wind and solar power. To better encapsulate its evolving operations and expanding portfolio, FPL rebranded as NextEra Energy in 2010.

Operations

NextEra Energy, based in Juno Beach, Florida, is an expansive energy company involved in various facets of the energy sector. Its activities span the generation, transmission, and distribution of electric power. One of its primary subsidiaries, Florida Power & Light (FPL), serves millions of customers in Florida, ensuring consistent electricity delivery throughout the region. FPL manages a vast infrastructure of power plants, substations, and transmission lines. In addition to its traditional power generation assets and renewable energy, which include nuclear, natural gas, and oil facilities, NextEra oversees the operation and maintenance of its electrical grid, ensuring stability and reliability.

When looking at NextEras peers, one finds names such as Duke Energy, Exelon, and AEP among the competition.

Renewable Energy

NextEra Energy has made significant strides in renewable energy, positioning itself as a leader in the sector. With a strong belief in the potential of clean energy sources, the company has invested heavily in both wind and solar power, becoming one of North America's foremost producers in these arenas. Their commitment is evident in their vast portfolios of wind farms and solar parks scattered across various regions. In addition to harnessing wind and solar, NextEra also explores other renewable technologies, such as battery storage solutions, to enhance grid reliability and efficiency.