{"slug":"nextera-energy","name":"NextEra Energy","name_en":"NextEra Energy","ticker":"NEE","updated_at":"2026-07-12T04:19:35.988401+00:00","canonical":"https://valuechain.wiki/nextera-energy","same_as":["https://finance.yahoo.com/quote/NEE","https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=753308"],"citable":"밸류체인 그래프 기준 NextEra Energy의 직접 연결 기업은 6곳(관계 기준 공급 4·매출 2)이고, 사슬을 2차까지 넓히면 16곳에 닿는다. 링크의 근거 출처는 5건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, NextEra Energy is directly linked to 6 companies (4 supply, 2 revenue relationships) and reaches 16 companies within two hops; the links are backed by 5 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"미국 최대 유틸리티·재생·원전(데이터센터 전력)","kicker_en":"Largest US utility · renewables · nuclear","lead":"미국 최대 유틸리티이자 재생에너지·원전 사업자. AI 데이터센터용으로 2035년까지 15~30GW 신규 발전을 목표하고, 메타와 2.5GW PPA, 구글과 원전(듀에인아놀드 재가동) 협력을 맺었다. 2025~28년 CAPEX $1,200억. 발전·연료·그리드를 받아 데이터센터에 전력을 공급하는 유틸리티 정점.","lead_en":"The largest US utility and a renewables and nuclear operator. It targets 15-30GW of new generation for AI datacenters by 2035, signed a 2.5GW PPA with Meta and a nuclear collaboration with Google (Duane Arnold restart). $120B capex 2025-28. A utility apex taking generation, fuel and grid to power datacenters.","segments":{"parts":[{"desc":"플로리다 규제 유틸리티 — 안정 현금흐름의 본체이자 CAPEX 회수 기반.","name":"규제 유틸리티(FPL)"},{"desc":"재생·에너지저장 개발(NEER) — 데이터센터 15~30GW의 성장 엔진.","name":"재생·저장(NEER)"},{"desc":"원자력 발전 — 24시간 무탄소 전력으로 구글 등 하이퍼스케일러가 찾는 축.","name":"원전"}],"total":"2025~28 CAPEX $120B, 데이터센터 15~30GW","concentration":"메타 2.5GW PPA, 구글 원전. 데이터센터 전력."},"segments_en":{"parts":[{"desc":"Florida regulated utility — the stable cash-flow core and the base for recovering capex.","name":"Regulated utility (FPL)"},{"desc":"Renewables and storage development (NEER) — the growth engine for 15-30GW of datacenter demand.","name":"Renewables/storage (NEER)"},{"desc":"Nuclear generation — 24/7 carbon-free power sought by hyperscalers like Google.","name":"Nuclear"}],"total":"$120B capex 2025-28; 15-30GW for datacenters","concentration":"Meta 2.5GW PPA, Google nuclear; datacenter power."},"returns_yearly":{"2021":23.4,"2022":-8.5,"2023":-25.3,"2024":21.5,"2025":15.5,"2026":11.1},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":3,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":6.3}},{"slug":"walmart","name":"Walmart Inc","name_en":"Walmart Inc","tier":3,"returns_yearly":{"2021":2,"2022":-0.5,"2023":12.9,"2024":74,"2025":24.5,"2026":2.6}},{"slug":"shopify","name":"Shopify","name_en":"Shopify","tier":3,"returns_yearly":{"2021":21.7,"2022":-74.8,"2023":124.4,"2024":36.5,"2025":51.4,"2026":-23.9}},{"slug":"planet-labs","name":"플래닛랩스","name_en":"Planet Labs","tier":2,"returns_yearly":{"2022":-29.3,"2023":-43.2,"2024":63.6,"2025":388.1,"2026":32.1}},{"slug":"costco","name":"Costco Wholesale","name_en":"Costco Wholesale","tier":2,"returns_yearly":{"2021":51.8,"2022":-19,"2023":49,"2024":39.6,"2025":-5.4,"2026":6.6}},{"slug":"procter-gamble","name":"Procter & Gamble","name_en":"Procter & Gamble","tier":2,"returns_yearly":{"2021":20.5,"2022":-5,"2023":-0.9,"2024":17.3,"2025":-12.3,"2026":4.1}},{"slug":"mercadolibre","name":"MercadoLibre","name_en":"MercadoLibre, Inc.","tier":2,"returns_yearly":{"2021":-19.5,"2022":-37.2,"2023":85.7,"2024":8.2,"2025":18.5,"2026":-8}},{"slug":"uber","name":"Uber","name_en":"Uber","tier":2,"returns_yearly":{"2021":-17.8,"2022":-41,"2023":149,"2024":-2,"2025":35.5,"2026":-8.8}},{"slug":"mcdonalds","name":"McDonald's","name_en":"McDonald's","tier":2,"returns_yearly":{"2021":27.8,"2022":0.5,"2023":15.1,"2024":0.1,"2025":7.9,"2026":-9}},{"slug":"lvmh","name":"LVMH","name_en":"LVMH Moet Hennessy Louis Vuitton","tier":2,"returns_yearly":{"2021":46.6,"2022":12.7,"2023":-1.8,"2024":-7.3,"2025":-20.4,"2026":-9}},{"slug":"recursion","name":"Recursion Pharmaceuticals","name_en":"Recursion Pharmaceuticals","tier":2,"returns_yearly":{"2022":-55,"2023":27.9,"2024":-31.4,"2025":-39.5,"2026":-13}},{"slug":"anthropic","name":"Anthropic","name_en":"Anthropic","tier":2,"returns_yearly":null},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":1,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":14.3}},{"slug":"meta","name":"메타 플랫폼스","name_en":"Meta Platforms","tier":1,"returns_yearly":{"2021":23.1,"2022":-64.2,"2023":194.1,"2024":66,"2025":13.1,"2026":1.6}}],"benefiting":[{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":1,"returns_yearly":{"2025":99,"2026":67.3}},{"slug":"quanta-services","name":"Quanta Services","name_en":"Quanta Services","tier":1,"returns_yearly":{"2021":59.5,"2022":24.6,"2023":51.7,"2024":46.6,"2025":33.7,"2026":56.1}},{"slug":"williams","name":"Williams","name_en":"Williams Companies","tier":1,"returns_yearly":{"2021":38.4,"2022":32.8,"2023":11.9,"2024":62.3,"2025":14.9,"2026":26.6}},{"slug":"cameco","name":"Cameco","name_en":"Cameco","tier":1,"returns_yearly":{"2021":63.2,"2022":4.3,"2023":90.5,"2024":19.5,"2025":78.4,"2026":4.9}},{"slug":"d-wave","name":"D-Wave Quantum","name_en":"D-Wave Quantum","tier":2,"returns_yearly":{"2022":-85.3,"2023":-38.9,"2024":854.5,"2025":211.3,"2026":-23.2}}],"analysis":"넥스트에라의 논지는 AI 데이터센터 전력 수요를 규제 유틸리티+재생+원전으로 받는 미국 최대 전력사라는 위치다. 규제 유틸리티(FPL)가 안정 현금을, NEER(재생·저장)가 성장을 대고, 2035년까지 데이터센터용 15~30GW 신규 발전과 2025~28년 $1,200억 CAPEX가 성장 규모를 정한다 — 메타 2.5GW PPA와 구글 원전(듀에인아놀드 재가동) 협력이 하이퍼스케일러 수요를 선점한 증거다. 전력망이 AI 수요를 못 따라가는 국면에서 발전 캐파를 쥔 쪽이 협상력을 갖는다. 원가단은 GE 베르노바(가스터빈)·카메코(우라늄)·콴타(시공)·윌리엄스(가스)에 의존해, 증설 물량이 이들에게 먼저 파급된다. 재평가 트리거는 데이터센터 PPA 체결 속도, 신규 발전 가동, 그리고 금리(자본집약 유틸리티의 조달비)다.","analysis_en":"NextEra's thesis is its position as the largest US power company meeting AI-datacenter demand through a regulated utility plus renewables and nuclear. The regulated utility (FPL) provides stable cash, NEER (renewables/storage) provides growth, and 15-30GW of new datacenter generation by 2035 with $120B of 2025-28 capex sets the scale — the Meta 2.5GW PPA and the Google nuclear collaboration (Duane Arnold restart) are evidence it has pre-empted hyperscaler demand. With the grid unable to keep pace with AI demand, whoever holds generation capacity has the pricing power. On the cost side it depends on GE Vernova (gas turbines), Cameco (uranium), Quanta (construction) and Williams (gas), so build-out volume ripples to them first. Re-rating triggers are the pace of datacenter PPA signings, new generation coming online, and interest rates (funding cost for a capital-intensive utility).","analysis_asof":"2026-07-09"},"edges":[{"direction":"revenue","counterparty":"데이터센터·소매·산업 (전력)","counterparty_slug":null,"confidence":"high","metric":null,"note":"데이터센터·소매·산업에 전력 공급(2035년 15~30GW 목표).","note_en":"Power to datacenters, retail and industry (15-30GW by 2035 target).","sources":[{"stance":"confirms","publisher":"BIC Magazine","publisher_en":"BIC Magazine","kind":"news","lang":"en","published_at":"2026-01-01","url":"https://www.bicmagazine.com/industry/powergen/nextera-eyes-nuclear-power-expansion/","title":"NextEra, 데이터센터 파이프라인·원전 확장","title_en":"NextEra eyes nuclear expansion as datacenter pipeline grows","excerpt":"데이터센터·소매·산업에 전력 공급(2035년 15~30GW 목표).","excerpt_en":"Power to datacenters, retail and industry (15-30GW by 2035 target)."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-23","url":"https://www.sec.gov/Archives/edgar/data/0000753308/000075330825000055/neeq32025exhibit99.htm","title":"NextEra FY2025 3분기 실적(8-K)","title_en":"NextEra FY2025 Q3 results (8-K)","excerpt":"데이터센터·소매·산업에 전력 공급(2035년 15~30GW 목표).","excerpt_en":"Power to datacenters, retail and industry (15-30GW by 2035 target)."}]},{"direction":"revenue","counterparty":"메타 플랫폼스","counterparty_slug":"meta","confidence":"high","metric":null,"note":"메타와 2.5GW 전력구매계약(11개 PPA·저장) — 하이퍼스케일러 장기 수요를 선확정한 대표 계약.","note_en":"2.5GW PPA with Meta (11 PPAs plus storage) — a flagship deal pre-committing long-term hyperscaler demand.","sources":[{"stance":"confirms","publisher":"EnkiAI","publisher_en":"EnkiAI","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://enkiai.com/ai-market-intelligence/nextera-ai-strategy-2025-powering-data-centers-with-nuclear","title":"NextEra, 원전으로 데이터센터 전력(메타 2.5GW·구글)","title_en":"NextEra powering datacenters with nuclear (Meta 2.5GW, Google)","excerpt":"메타와 2.5GW 전력구매계약(11개 PPA·저장).","excerpt_en":"2.5GW power-purchase agreement with Meta (11 PPAs + storage)."},{"stance":"confirms","publisher":"BIC Magazine","publisher_en":"BIC Magazine","kind":"news","lang":"en","published_at":"2026-01-01","url":"https://www.bicmagazine.com/industry/powergen/nextera-eyes-nuclear-power-expansion/","title":"NextEra, 데이터센터 파이프라인·원전 확장","title_en":"NextEra eyes nuclear expansion as datacenter pipeline grows","excerpt":"메타와 2.5GW 전력구매계약(11개 PPA·저장).","excerpt_en":"2.5GW power-purchase agreement with Meta (11 PPAs + storage)."}]},{"direction":"cost","counterparty":"Williams","counterparty_slug":"williams","confidence":"mid","metric":null,"note":"가스발전 연료를 윌리엄스 파이프라인으로 조달 — 미드스트림 수송에 연동된 연료 축.","note_en":"Sources gas-generation fuel via Williams pipelines — a fuel axis tied to midstream transport.","sources":[{"stance":"confirms","publisher":"BeyondSPX","publisher_en":"BeyondSPX","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://everyticker.com/quote/WMB/analysis/williams-companies-the-natural-gas-superhighway-entering-its-golden-age-nyse-wmb","title":"Williams, 가스 슈퍼하이웨이(가스발전→데이터센터)","title_en":"Williams, the gas superhighway to datacenter power","excerpt":"가스발전 연료를 윌리엄스 파이프라인에서.","excerpt_en":"Gas-generation fuel via Williams pipelines."}]},{"direction":"cost","counterparty":"Quanta Services","counterparty_slug":"quanta-services","confidence":"mid","metric":null,"note":"송배전·발전 시공을 콴타서비스에 발주 — $1,200억 증설 물량이 시공사로 파급되는 원가 축.","note_en":"Contracts transmission and generation construction to Quanta Services — the cost axis where $120B of build-out flows to constructors.","sources":[{"stance":"confirms","publisher":"Nasdaq","publisher_en":"Nasdaq","kind":"news","lang":"en","published_at":"2026-01-01","url":"https://www.nasdaq.com/articles/quanta-biggest-winner-data-center-power-demand","title":"Quanta, 데이터센터 전력 수요 최대 수혜","title_en":"Quanta, biggest winner from datacenter power demand","excerpt":"송배전·발전 시공을 콴타서비스 등에 발주.","excerpt_en":"Contracts transmission and generation construction to Quanta Services and others."}]},{"direction":"cost","counterparty":"Cameco","counterparty_slug":"cameco","confidence":"mid","metric":null,"note":"원전 연료(우라늄)를 카메코에서 조달 — 원전 확대의 상류 연료 의존.","note_en":"Sources nuclear fuel (uranium) from Cameco — upstream fuel dependence for nuclear expansion.","sources":[{"stance":"confirms","publisher":"BIC Magazine","publisher_en":"BIC Magazine","kind":"news","lang":"en","published_at":"2026-01-01","url":"https://www.bicmagazine.com/industry/powergen/nextera-eyes-nuclear-power-expansion/","title":"NextEra, 데이터센터 파이프라인·원전 확장","title_en":"NextEra eyes nuclear expansion as datacenter pipeline grows","excerpt":"원전 연료(우라늄)를 카메코 등에서 조달.","excerpt_en":"Sources nuclear fuel (uranium) from Cameco and others."}]},{"direction":"cost","counterparty":"GE Vernova","counterparty_slug":"ge-vernova","confidence":"mid","metric":null,"note":"가스터빈·발전설비를 GE 베르노바에서 조달 — 가스발전 증설이 곧 GE 수주로 파급.","note_en":"Sources gas turbines and generation gear from GE Vernova — gas build-out ripples into GE orders.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-23","url":"https://www.sec.gov/Archives/edgar/data/0000753308/000075330825000055/neeq32025exhibit99.htm","title":"NextEra FY2025 3분기 실적(8-K)","title_en":"NextEra FY2025 Q3 results (8-K)","excerpt":"가스터빈·발전 설비를 GE 베르노바 등에서 조달.","excerpt_en":"Sources gas turbines and generation gear from GE Vernova and others."}]},{"direction":"revenue","counterparty":"알파벳 (구글)","counterparty_slug":"alphabet","confidence":"mid","metric":null,"note":"구글에 원전(듀에인아놀드 재가동) 기반 무탄소 전력 공급 — 하이퍼스케일러가 24시간 원전 전력을 찾는 대표 계약.","note_en":"Powers Google with nuclear (Duane Arnold restart) carbon-free electricity — a flagship deal as hyperscalers seek 24/7 nuclear power.","sources":[{"stance":"confirms","publisher":"EnkiAI","publisher_en":"EnkiAI","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://enkiai.com/ai-market-intelligence/nextera-ai-strategy-2025-powering-data-centers-with-nuclear","title":"NextEra, 원전으로 데이터센터 전력(메타 2.5GW·구글)","title_en":"NextEra powering datacenters with nuclear (Meta 2.5GW, Google)","excerpt":"구글과 원전(듀에인아놀드 재가동) 협력으로 전력 공급.","excerpt_en":"Powers Google via nuclear collaboration (Duane Arnold restart)."},{"stance":"confirms","publisher":"BIC Magazine","publisher_en":"BIC Magazine","kind":"news","lang":"en","published_at":"2026-01-01","url":"https://www.bicmagazine.com/industry/powergen/nextera-eyes-nuclear-power-expansion/","title":"NextEra, 데이터센터 파이프라인·원전 확장","title_en":"NextEra eyes nuclear expansion as datacenter pipeline grows","excerpt":"구글과 원전(듀에인아놀드 재가동) 협력으로 전력 공급.","excerpt_en":"Powers Google via nuclear collaboration (Duane Arnold restart)."}]},{"direction":"cost","counterparty":"변압기·소재·증설 (비공개)","counterparty_slug":null,"confidence":"low","metric":null,"note":"변압기·전력기기·증설 — 그리드 연계 병목의 자본집약 원가(비공개).","note_en":"Transformers, power gear and capacity — the capital-intensive cost of grid-interconnection bottlenecks (undisclosed).","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-23","url":"https://www.sec.gov/Archives/edgar/data/0000753308/000075330825000055/neeq32025exhibit99.htm","title":"NextEra FY2025 3분기 실적(8-K)","title_en":"NextEra FY2025 Q3 results (8-K)","excerpt":"변압기·전력기기·증설.","excerpt_en":"Transformers, power gear and capacity."}]}]}