CERAWEEK-NextEra has secured land in Texas for giant gas plant project to power data centers, CEO says
Reuters
Yesterday
CERAWEEK-NextEra has secured land in Texas for giant gas plant project to power data centers, CEO says
HOUSTON, March 23 (Reuters) - NextEra Energy NEE.N has secured land in Texas for a gas-fired plant to power a large data center campus backed by a U.S.-Japan agreement, the company’s CEO said on Monday.
The power provider announced last week that the administration of Donald Trump approved the development of two large gas plants, totaling about 10 gigawatts, in Texas and Pennsylvania to help meet the surging electricity needs of data centers.
Under the agreement, the $33 billion projects would be developed and operated by NextEra but owned jointly by the United States and Japan as part of a broader trade deal between the two countries.
(Reporting by Laila Kearney in Houston; Editing by Chris Reese)
((laila.kearney@thomsonreuters.com))
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.