Xcel Energy, Inc. signed a memorandum of understanding with a subsidiary of NextEra Energy, Inc. to accelerate the delivery of generation resources to serve large load customers, including data centers.
This MOU represents an expansion of a long-standing commercial relationship between Xcel Energy and NextEra Energy. The parties expect to support existing and new large load opportunities across Xcel Energy’s service territories through improved collaboration on generation, storage and associated transmission investments.
This will enable both companies to better anticipate system needs, rapidly assess where large customer demand intersects with available grid and power assets, streamline development timelines, and advance innovative grid technologies for the benefit of all Xcel Energy customers.
Xcel Energy expects this agreement will allow it to increase the data center demand that it can serve through the 2030s. Importantly, Xcel Energy is committed to ensuring that its existing customers benefit from new, large loads on its systems and that data centers pay their fair share.
Bob Frenzel, chairman, president and CEO of Xcel Energy, said, “Working with the right partners is critical to deliver on this once-in-a-lifetime opportunity to meet increased energy demand in our communities. This collaboration will align two of the best development teams in the industry to deliver reliable and affordable power for all Xcel Energy customers.”
Key commercial terms have been agreed to in the MOU and a formal joint development agreement is expected to be executed in the coming months. Any future projects would be subject to negotiation, agreement on definitive terms, and applicable regulatory approvals.
John Ketchum, chairman and CEO of NextEra Energy, added, “Across the country, energy demand from data centers, advanced manufacturing, and other large load customers is accelerating rapidly. This MOU reflects our shared commitment to proactively plan for that growth, using NextEra Energy’s leading digital tools to explore scalable, cost-effective and quick to deploy energy solutions that will also help ensure customers have access to cost-effective energy today and in the future.”
Nguồn: https://www.renewableenergymagazine.com/wind/xcel-energy-and-nextera-energy-sign-mou-20260204