Renewable energy demand will triple over the next seven years as data center growth accelerates to facilitate the proliferation of artificial intelligence, NextEra Energy CEO John Ketchum said Wednesday.
NextEra added 3,000 megawatts of renewable and storage projects to its order backlog in the second quarter. Of those, 860 megawatts — or 28% — come from agreements with Google to power the tech company’s data centers. “This marks our second best origination quarter ever,” Ketchum told analysts on the company’s earnings call Wednesday. “These results support our belief that the bulk of the growth demand will be met by a combination of renewables and battery storage.
“But there is no escaping the fact that these are very large numbers and numbers that I don’t think any utility across the industry has seen before,” Kujawa said Wednesday. “From a practical standpoint, it’s going to take a couple of years for this really to materialize and utilities to be able to absorb it and serve it.
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