Nextera Energy
Categories
#89
Rank
$168.25B
Marketcap
United States
Country
James L. Robo (CEO / President)
Kirk Crews (Executive Vice President, Finance and Chief Financial Officer)
Energy and Utilities
Summary
NextEra Energy is a distinguished American energy company that has its headquarters situated in Juno Beach, Florida. The company boasts of being one of the largest electric power providers worldwide, delivering clean energy to customers across 27 states in America and Canada. The company operates through two primary subsidiaries, namely Florida Power & Light Company and NextEra Energy Resources.
Florida Power & Light Company is responsible for providing electricity to over 5 million customers in Florida. On the other hand, NextEra Energy Resources is widely known for being one of the world's largest generators of wind and solar power. The company's commitment to reducing its carbon footprint and investing in clean energy technologies is a testament to its commitment to creating a sustainable energy future.
As a publicly traded company on the New York Stock Exchange (NEE) and a component of the S&P 500 Index, NextEra Energy has an unwavering commitment to transparency and accountability. The company's success is a result of its strong leadership, innovative strategies, and investments in cutting-edge technologies to deliver reliable and eco-friendly energy solutions to its customers.
NextEra Energy's commitment to sustainability is reflected in its goal to achieve net-zero carbon emissions by 2050. To achieve this goal, the company is investing heavily in renewable energy sources, including solar, wind, and nuclear power. The company's focus on clean energy has also helped to create job opportunities, reduce reliance on fossil fuels, and drive economic growth in the communities where it operates.
Overall, NextEra Energy's leadership in the energy industry, commitment to sustainability, and investment in clean energy technologies make it a key player in creating a more sustainable and eco-friendly future.
History
NextEra Energy, Inc. is an American energy company based in Juno Beach, Florida. It is one of the largest clean energy companies in the world, with operations in 37 states in the U.S. and Canada. The company was founded in 1984 and has since grown to become one of the leading companies in the energy industry, specializing in renewable energy sources.
The company was originally called FPL Group, Inc. and was formed through the merger of Florida Power & Light (FPL) and Atlantic Energy in 1984. At the time, FPL was the largest electric utility in Florida, while Atlantic Energy was a small independent power producer. The merger gave FPL Group a more diverse portfolio of energy assets, including conventional fossil fuel generation plants and renewable energy projects.
Throughout the 1990s, FPL Group continued to grow through acquisitions, including Gulf Power Company in 2000 and Seabrook Station in 2002. In 2001, the company changed its name to FPL Group, Inc. to reflect its expanding portfolio beyond Florida.
In 2008, FPL Group changed its name to NextEra Energy, Inc. to better reflect its focus on clean energy and renewable sources of power. The company had already been investing heavily in wind and solar energy, and the new name signaled a shift away from fossil fuels and towards cleaner forms of energy.
Since then, NextEra Energy has become a leader in renewable energy development and operation. The company operates more than 19,000 MW of wind and solar capacity, making it the largest generator of wind and solar power in North America. It is also the world's largest utility company by market capitalization.
In recent years, NextEra Energy has continued to expand its renewable energy portfolio. In 2018, the company announced plans to invest $6.5 billion in new wind and solar projects in the U.S. and Canada. It also acquired Gulf Power Company from Southern Company for $5.1 billion, adding 460,000 customers to its customer base.
In 2019, NextEra Energy announced plans to build the largest solar energy facility in the world, a 1,500 MW project in Florida. The company also continued to expand its wind and solar portfolio, announcing plans for new projects in states including Iowa, Kansas, and Oklahoma.
In 2020, NextEra Energy continued to grow its renewable energy portfolio, announcing plans for a new solar project in California and acquiring a 50% stake in a solar project in Indiana. The company also announced plans to build a new wind energy facility in Nebraska, which will be the largest in the state once completed.
NextEra Energy's commitment to renewable energy has earned the company numerous awards and accolades. In 2020, it was named one of the World's Most Admired Companies by Fortune magazine for the 13th consecutive year. The company has also been recognized as one of the Best Employers for Diversity by Forbes magazine and one of the World's Most Ethical Companies by Ethisphere.
Overall, NextEra Energy has come a long way since its founding as FPL Group in 1984. The company's focus on renewable energy has made it a leader in the industry, and it continues to invest in new projects and technologies to reduce its carbon footprint and contribute to a more sustainable future.
Mission
NextEra Energy has set its sights on becoming the preeminent sustainable energy company globally, committed to driving the industry forward towards a future devoid of carbon emissions. They are investing in the energy infrastructure of the United States in a responsible and sustainable manner, contributing to job creation, generating economic benefits, and investing in infrastructure across the country. Their mission statement is anchored on their pledge to uphold environmental responsibility, support the well-being of communities, foster growth and development in their team, and deliver shareholder value.
Vision
NextEra Energy's vision is to become the preferred U.S. partner for renewable energy infrastructure solutions of Fortune 1000 customers that are trying to achieve their own sustainability goals. It also has a philosophy of designing energy strategies that put customers on the path to progress by leveraging its unique combination of financial strength and stability, operational expertise, and customer-focused innovation.
Key Team
Charles E. Sieving (Executive Vice President & General Counsel)
Eric Silagy (President and CEO and FPL)
Naren Gursahaney (Board Member)
Robert Coffey Dm (Executive Vice President & Chief Nuclear Officer)
Amy B. Lane (Board Member)
David Davis (Board Member)
David Porges (Board Member)
James L. Camaren (Board Member)
Kenneth B. Dunn (Board Member)
Recognition and Awards
Products and Services
Nextera Energy is an American energy company that provides electricity and natural gas services to customers in 26 states and the District of Columbia. It is the largest producer of renewable energy in the United States. Its products and services include:
Electricity: Nextera Energy's electricity services include electricity supply, energy efficiency programs, and customer choice programs. It supplies electricity to homes and businesses in Florida, New Jersey, New York, Pennsylvania, Delaware, and Maryland.
Natural Gas: Nextera Energy's natural gas services include natural gas supply, natural gas storage, and natural gas transportation services. It supplies natural gas to homes and businesses in California, Illinois, Indiana, Michigan, Ohio, and Wisconsin.
Renewable Energy: Nextera Energy is the largest generator of renewable energy in the United States. It develops, owns, and operates solar, wind, and battery storage projects in the United States and abroad.
Storage Solutions: Nextera Energy provides energy storage solutions for residential and commercial customers. It offers battery storage solutions that are designed to help customers save money and reduce their carbon footprint.
Smart Grid Solutions: Nextera Energy offers smart grid solutions that enable customers to better manage their energy consumption. Its smart grid solutions include demand response programs, energy management systems, and customer engagement tools.
Energy Management Solutions: Nextera Energy's energy management solutions help customers better manage their energy consumption and optimize their energy use. It provides energy audits, energy efficiency assessments, and energy efficiency recommendations.
Energy Services: Nextera Energy provides energy services to help customers reduce their energy costs and improve their energy efficiency. It offers energy audits, energy efficiency recommendations, energy efficiency training, and energy efficiency financing.
References
- NextEra Energy | Wikipedia
- Nextera Energy | Crunchbase
- NextEra Energy, Inc. history, profile and corporate video | Companieshistory
- Companies ranked by revenue | Companiesmarketcap
- About NextEra Energy Partners | Investor Nexteraenergy Partners
- NextEra Energy, Inc. (NEE) | Yahoo Finance
- NextEra Energy Inc | Bloomberg
- NextEra Energy Inc. stock rises Tuesday, outperforms market | Marketwatch
- Nextera net income Q2 23 higher renewable | Mercomindia
- NextEra Energy is once again recognized as No. 1 in its industry on Fortune's list of 'World's Most Admired Companies' | Prnewswire
- NextEra Energy signs PPA for Texan wind farm | Energyglobal
- NextEra Energy Welcomes Class of Summer 2023 Interns to its Florida Headquarters | Prnewswire
- NextEra Energy Q1 results boosted by clean energy push | Reuters
- How NextEra is gearing up to be the energy giant of tomorrow | Greenbiz
- Nexteras clean energy business net income up 17 YOY in Q4 2022 | Mercomindia
- NextEra Energy: The Renewable Leader | Podcast Apple
- NextEra Energy Resources and Sysco collaborate to develop plan to reduce the foodservice leader's carbon emissions at scale | Yahoo Finance
- What's in Store for NextEra Energy Partners (NEP) in Q2 Earnings? | Yahoo Finance
- CF Industries Holdings and NextEra Energy Resources announce joint venture to develop zero-carbon-intensity hydrogen project | Worldfertilize
James L. Robo (CEO / President)
Kirk Crews (Executive Vice President, Finance and Chief Financial Officer)
Energy and Utilities