NextEra and Brookfield Announce $100 Billion Data Center Campus in Kentucky
NextEra Energy (NYSE:NEE) and Brookfield Corporation (NYSE:BN), along with three smaller power companies, are developing a massive AI data center campus in Kentucky. The project is valued at $100 billion and includes dedicated energy generation and compute capacity, making it the largest economic investment in Kentucky's history. NextEra will construct up to 2 gigawatts of natural gas-fired power generation and 2.6 gigawatts of battery storage systems for the campus. Brookfield plans to build more than 1.2 gigawatts of compute capacity, aiming for full construction by 2032 using land leased from the Department of Energy at a former uranium-enrichment site. For investors, this project supports NextEra's data center hub strategy and its goal to grow adjusted earnings per share over 8% annually through 2035. Brookfield sees it as part of its $100 billion AI infrastructure investment program launched last year with backing from Nvidia (NASDAQ:NVDA) and the Kuwait Investment Authority.
Topics: data centers energy infrastructure public-private partnerships