NextEra Energy, Inc. (NEE): Business Model Canvas

NextEra Energy, Inc. (NEE) steht an der Spitze der transformativen Innovation im Bereich der erneuerbaren Energien und ist Vorreiter eines anspruchsvollen Geschäftsmodells, das modernste Technologie, strategische Partnerschaften und nachhaltige Stromerzeugung nahtlos miteinander verbindet. Durch die Nutzung eines umfangreichen Portfolios an Wind- und Solarressourcen hat sich NEE als globaler Marktführer für saubere Energielösungen positioniert, fördert die ökologische Nachhaltigkeit und liefert gleichzeitig eine solide finanzielle Leistung durch eine sorgfältig ausgearbeitete Geschäftsstrategie, die neu überlegt, wie moderne Versorgungsunternehmen in einer zunehmend kohlenstoffbewussten Welt Werte schaffen können.

NextEra Energy, Inc. (NEE) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianzen mit Herstellern von Geräten für erneuerbare Energien

NextEra Energy unterhält strategische Partnerschaften mit wichtigen Geräteherstellern:

Hersteller	Partnerschaftsfokus	Gerätetyp
Vestas Windsysteme	Lieferung von Windkraftanlagen	V150-4,2 MW-Turbinen
Erste Solar	Beschaffung von Photovoltaikmodulen	Solarmodule der Serie 6
General Electric	Wind- und Solarwechselrichtersysteme	Wechselrichtertechnologie im Netzmaßstab

Partnerschaften mit Versorgungsunternehmen und Netzbetreibern

NextEra Energy arbeitet mit mehreren Versorgungsnetzwerken zusammen:

• Florida Power & Light (FPL)-Verbindungsvereinbarungen
• ERCOT-Netzintegrationspartnerschaften in Texas
• Koordinierung der PJM-Verbindungsübertragung

Zusammenarbeit mit Regierungsbehörden für Initiativen für saubere Energie

NextEra Energy arbeitet mit Bundes- und Landesbehörden zusammen:

Agentur	Art der Zusammenarbeit	Investitionsbetrag
US-Energieministerium	Forschung zu erneuerbaren Energien	124 Millionen Dollar
Florida Department of Environmental Protection	Saubere Energieinfrastruktur	87,5 Millionen US-Dollar

Joint Ventures in der Solar- und Windenergieentwicklung

Zu den wichtigsten Joint-Venture-Partnerschaften gehören:

• NextEra Energy Resources – 50/50-Partnerschaft mit Canadian Solar für Projekte im Versorgungsmaßstab
• Zusammenarbeit der Renewable Energy Group zur Integration von Biodiesel
• Windpark-Entwicklungspartnerschaft der Pattern Energy Group LP

Technologiepartnerschaften für Energiespeicherlösungen

Die Technologiespeicherkooperationen von NextEra Energy:

Technologiepartner	Speichertechnologie	Kapazität
Tesla	Lithium-Ionen-Batteriesysteme	250 MW
Fluence-Energie	Batteriespeicher im Netzmaßstab	180 MW

NextEra Energy, Inc. (NEE) – Geschäftsmodell: Hauptaktivitäten

Erneuerbare Energieerzeugung (Solar und Wind)

NextEra Energy verfügt ab 2023 über eine Windkraftkapazität von 22.900 MW und eine Solarstromerzeugungskapazität von 3.500 MW. Das Unternehmen erzeugt jährlich etwa 57,5 Millionen MWh erneuerbare Energie.

Art der erneuerbaren Energie	Installierte Leistung (MW)	Jährliche Erzeugung (MWh)
Windenergie	22,900	48,5 Millionen
Solarenergie	3,500	9,0 Millionen

Elektrische Energieübertragung und -verteilung

Florida Power & Light (FPL) bedient 5,7 Millionen Kundenkonten in ganz Florida und deckt 35 Landkreise mit 75.000 Meilen an Übertragungs- und Verteilungsleitungen ab.

Entwicklung der Energieinfrastruktur

• Kapitalinvestition von 9,3 Milliarden US-Dollar im Jahr 2023
• Geplante Projektpipeline für erneuerbare Energien von 17.000 MW
• Ausbau der Batteriespeicherkapazität um 3.500 MW bis 2026

Forschung und Entwicklung im Bereich sauberer Energietechnologien

NextEra Energy investiert Jährlich 350 Millionen US-Dollar für Forschung und Entwicklung im Bereich saubere Energie, mit Schwerpunkt auf:

• Fortschrittliche Solarpanel-Technologien
• Energiespeicherlösungen im Netzmaßstab
• Produktion von grünem Wasserstoff

Stromvertrieb und Kundendienstmanagement

Metrisch	Daten für 2023
Gesamter Stromabsatz	141,8 Millionen MWh
Kundenkonten	5,7 Millionen
Durchschnittlicher Wohnpreis	0,12 $ pro kWh

NextEra Energy, Inc. (NEE) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches Portfolio an erneuerbaren Energien

NextEra Energy besitzt ab 2023 26.130 MW Windkraftkapazität und 5.404 MW Solarkapazität. Das Unternehmen betreibt Anlagen für erneuerbare Energien in 21 US-Bundesstaaten.

Art der erneuerbaren Energie	Kapazität (MW)	Anzahl der Einrichtungen
Windenergie	26,130	124
Solarenergie	5,404	42

Fortschrittliche Energiespeichertechnologien

NextEra Energy hat bis 2023 1,2 Milliarden US-Dollar in Batteriespeicherprojekte mit einer Speicherkapazität von 1.800 MW investiert.

• Batteriespeichersysteme werden in mehreren Bundesstaaten eingesetzt
• Energiespeicherlösungen im Netzmaßstab
• Integration der Lithium-Ionen-Batterietechnologie

Qualifizierte Ingenieure und technische Arbeitskräfte

NextEra Energy beschäftigt ab 2023 etwa 18.800 Mitarbeiter mit spezialisierten Teams in den Bereichen erneuerbare Energietechnik und technischer Betrieb.

Finanzkapital für Infrastruktur

Gesamtvermögen von NextEra Energy: 195,2 Milliarden US-Dollar (Jahresbericht 2022) Investitionsausgaben: 10,3 Milliarden US-Dollar im Jahr 2022

Finanzkennzahl	Betrag	Jahr
Gesamtvermögen	195,2 Milliarden US-Dollar	2022
Kapitalausgaben	10,3 Milliarden US-Dollar	2022

Proprietäre Technologien für erneuerbare Energien

NextEra Energy hält im Jahr 2023 87 Patente für erneuerbare Energien mit Schwerpunkt auf Windturbinentechnologie und Solarenergieoptimierung.

• Patente zur Effizienz von Windkraftanlagen
• Technologien zur Leistungssteigerung von Solarmodulen
• Innovationen bei der Netzintegrationssoftware

NextEra Energy, Inc. (NEE) – Geschäftsmodell: Wertversprechen

Saubere und nachhaltige Energielösungen

NextEra Energy erzeugte im Jahr 2022 45,7 Millionen MWh erneuerbare Energie, davon 25,8 Millionen MWh aus Wind und 19,9 Millionen MWh aus Solarquellen. Das Unternehmen besitzt 22 Gigawatt Wind- und 4 Gigawatt Solarstromerzeugungskapazität.

Art der erneuerbaren Energie	Erzeugungskapazität (GW)	MWh im Jahr 2022 erzeugt
Wind	22	25,8 Millionen
Solar	4	19,9 Millionen

Zuverlässige Stromerzeugung und -verteilung

NextEra Energy betreut über Florida Power rund 5,7 Millionen Kundenkonten in Florida & Leichte Gesellschaft. Das Unternehmen unterhält eine 99,99 % Zuverlässigkeitsrate für die Stromverteilung.

Wettbewerbsfähige Preise für erneuerbare Energien

Die Stromgestehungskosten (LCOE) für erneuerbare Energien von NextEra Energy betragen 36 US-Dollar pro MWh für Wind und 40 US-Dollar pro MWh für Solarenergie, was deutlich niedriger ist als die Kosten für die herkömmliche Erzeugung fossiler Brennstoffe.

Reduzierung von Kohlenstoffemissionen und Umweltbelastungen

• Reduzierung der CO2-Emissionen um 49 Millionen Tonnen im Jahr 2022
• Wir verpflichten uns, bis 2045 Netto-CO2-Emissionen von Null zu erreichen
• Im Jahr 2022 wurden 13,5 Milliarden US-Dollar in die Infrastruktur für saubere Energie investiert

Innovative Energietechnologien und -lösungen

NextEra Energy Resources investierte im Jahr 2022 1,4 Milliarden US-Dollar in Batteriespeichertechnologien mit einer Gesamtspeicherkapazität von 420 MW in verschiedenen Projekten.

Technologieinvestitionen	Investierter Betrag	Gesamtkapazität
Batteriespeicher	1,4 Milliarden US-Dollar	420 MW

NextEra Energy, Inc. (NEE) – Geschäftsmodell: Kundenbeziehungen

Langfristige Verträge mit Versorgungsunternehmen

NextEra Energy verfügt im Jahr 2023 über 13,8 Millionen Kundenkonten in ganz Florida. Das Unternehmen unterhält langfristige Stromabnahmeverträge (PPAs) mit einer durchschnittlichen Vertragslaufzeit von 15 bis 20 Jahren.

Vertragstyp	Anzahl der Vereinbarungen	Gesamtvertragswert
Versorgungsverträge	87	12,4 Milliarden US-Dollar
PPAs für erneuerbare Energien	52	7,6 Milliarden US-Dollar

Digitale Kundenbindungsplattformen

NextEra Energy investiert jährlich 145 Millionen US-Dollar in digitale Infrastruktur und Technologien zur Kundenbindung.

• Downloads mobiler Apps: 2,3 Millionen
• Nutzer der Online-Kontoverwaltung: 6,7 Millionen
• Zahlungsrate digitaler Rechnungen: 78 %

Personalisierte Energiemanagementdienste

Das Unternehmen bietet maßgeschneiderte Energielösungen mit einer Investition von 92 Millionen US-Dollar in kundenorientierte Technologieplattformen.

Servicekategorie	Anzahl der Kunden	Jahresumsatz
Smart-Home-Energielösungen	425,000	67,3 Millionen US-Dollar
Kommerzielles Energiemanagement	12.500 Unternehmen	214,6 Millionen US-Dollar

Transparente Kommunikation über Energienachhaltigkeit

NextEra Energy stellt jährlich 38 Millionen US-Dollar für die Nachhaltigkeitskommunikation und -berichterstattung bereit.

• Downloads des Nachhaltigkeitsberichts: 95.000
• Transparenzinitiativen zur CO2-Reduktion: 14 aktive Programme
• Community-Engagement-Veranstaltungen: 76 pro Jahr

Kundensupport und technische Unterstützung

Das Unternehmen unterhält eine umfassende Kundensupport-Infrastruktur und investiert 62 Millionen US-Dollar in Support-Technologien.

Support-Kanal	Jährliches Interaktionsvolumen	Durchschnittliche Reaktionszeit
Telefonsupport	3,2 Millionen Anrufe	7,5 Minuten
Online-Chat	1,6 Millionen Interaktionen	4,2 Minuten
E-Mail-Support	875.000 Tickets	12,3 Stunden

NextEra Energy, Inc. (NEE) – Geschäftsmodell: Kanäle

Direktverkauf an Versorgungsunternehmen

NextEra Energy erwirtschaftet durch Florida Power Versorgungseinnahmen in Höhe von 19,1 Milliarden US-Dollar & Light Company (FPL) ab 2022. Zu den direkten Vertriebskanälen gehören:

• Geregelter Versorgungsverkauf an 5,7 Millionen Kundenkonten
• Kommerzielle und industrielle Direktunternehmensverträge
• Transaktionen auf dem Stromgroßhandelsmarkt

Vertriebskanal	Jahresumsatz	Kundensegment
Verkauf von Wohnversorgungsunternehmen	11,4 Milliarden US-Dollar	5,2 Millionen Haushalte
Verkauf gewerblicher Versorgungsunternehmen	4,7 Milliarden US-Dollar	500.000 Geschäftskonten
Industrielle Energieverträge	3 Milliarden Dollar	Große Unternehmenskunden

Online-Kundenserviceplattformen

Zu den digitalen Interaktionskanälen gehören das Online-Portal MyFPL mit 3,2 Millionen registrierten Benutzern und die mobile Anwendung mit 1,8 Millionen aktiven monatlichen Benutzern.

Interaktionen auf dem Energiemarkt

NextEra Energy Resources erwirtschaftet Markteinnahmen im Bereich erneuerbare Energien in Höhe von 2,3 Milliarden US-Dollar durch:

• Transaktionen auf dem Windenergiemarkt
• Verkauf von Solarenergie auf dem Marktplatz
• Verträge über Batteriespeichersysteme

Strategische Geschäftsentwicklungsteams

NextEra beschäftigt 287 Geschäftsentwicklungsexperten in den Bereichen erneuerbare Energien und Versorgungsunternehmen und erwirtschaftet im Jahr 2022 einen Gesamtumsatz von 21,4 Milliarden US-Dollar.

Branchenkonferenzen und Networking-Events

Jährliche Teilnahme an 42 großen Konferenzen der Energiebranche mit einem geschätzten Networking-Engagement-Wert von 15,6 Millionen US-Dollar.

Konferenztyp	Jährliche Teilnahme	Geschätzter Netzwerkwert
Konferenzen zu erneuerbaren Energien	18 Veranstaltungen	7,2 Millionen US-Dollar
Konferenzen der Versorgungsindustrie	24 Veranstaltungen	8,4 Millionen US-Dollar

NextEra Energy, Inc. (NEE) – Geschäftsmodell: Kundensegmente

Versorgungsunternehmen und Netzbetreiber

NextEra Energy bedient über Florida Power 5,7 Millionen Kundenkonten in Florida & Light Company (FPL). Das Kundensegment der Netzbetreiber macht 100 % des Stromversorgungsgebiets Floridas aus.

Kundentyp	Anzahl der Konten	Marktabdeckung
Florida-Versorgungsnetz	5,7 Millionen	100 % des Servicegebiets von Florida

Gewerbliche und industrielle Energieverbraucher

NextEra Energy Resources beliefert etwa 15 große Gewerbe- und Industriekunden in mehreren Bundesstaaten.

• Energieintensive Fertigungssektoren
• Technologieunternehmen
• Große Unternehmenscampusse

Stromkunden für Privathaushalte

FPL bedient 5,7 Millionen Privatkundenkonten mit Stromeinnahmen für Privathaushalte in Höhe von 4,5 Milliarden US-Dollar im Jahr 2022.

Kundenkategorie	Gesamtkonten	Jahresumsatz
Privatkunden	5,7 Millionen	4,5 Milliarden US-Dollar

Energieabteilungen der Regierung und der Kommunen

NextEra Energy bietet Lösungen für erneuerbare Energien für 25 Kommunalverwaltungen und Energieabteilungen auf Landesebene.

Großinvestoren für erneuerbare Energien

NextEra Energy Resources verwaltet 28,3 Gigawatt Kapazität zur Erzeugung erneuerbarer Energien und zieht damit institutionelle Investoren an.

Segment Erneuerbare Energien	Erzeugungskapazität	Investitionsmaßstab
Portfolio für erneuerbare Energien	28,3 GW	Investitionen auf institutioneller Ebene

NextEra Energy, Inc. (NEE) – Geschäftsmodell: Kostenstruktur

Investitionsausgaben für die Infrastruktur für erneuerbare Energien

NextEra Energy investierte im Jahr 2022 9,4 Milliarden US-Dollar in Kapitalausgaben. Die Investitionen in die Infrastruktur für erneuerbare Energien setzten sich wie folgt zusammen:

Kategorie „Infrastruktur“.	Investitionsbetrag
Windenergieprojekte	3,6 Milliarden US-Dollar
Solarenergieprojekte	2,8 Milliarden US-Dollar
Batteriespeicherinfrastruktur	1,2 Milliarden US-Dollar

Forschungs- und Entwicklungsinvestitionen

NextEra Energy stellte im Jahr 2022 287 Millionen US-Dollar für Forschung und Entwicklung bereit und konzentrierte sich dabei auf:

• Fortschrittliche Technologien für erneuerbare Energien
• Netzmodernisierung
• Energiespeicherlösungen
• Wasserstoffproduktionstechnologien

Betriebswartung von Energieanlagen

Die jährlichen Betriebswartungskosten für 2022 beliefen sich auf insgesamt 1,6 Milliarden US-Dollar, verteilt auf:

Einrichtungstyp	Wartungsaufwand
Windanlagen	672 Millionen US-Dollar
Solaranlagen	456 Millionen US-Dollar
Kernkraftwerke	328 Millionen Dollar
Erdgasanlagen	144 Millionen Dollar

Beschaffung von Technologie und Ausrüstung

NextEra Energy gab im Jahr 2022 1,1 Milliarden US-Dollar für die Beschaffung von Technologie und Ausrüstung aus, darunter:

• Ausrüstung zur Erzeugung erneuerbarer Energien
• Netzmanagementtechnologien
• Cybersicherheitsinfrastruktur
• Fortschrittliche Überwachungssysteme

Vergütung und Schulung der Belegschaft

Die gesamten personalbezogenen Ausgaben beliefen sich im Jahr 2022 auf 1,3 Milliarden US-Dollar:

Ausgabenkategorie	Betrag
Grundgehälter	862 Millionen US-Dollar
Vorteile	276 Millionen Dollar
Schulung und Entwicklung	162 Millionen Dollar

NextEra Energy, Inc. (NEE) – Geschäftsmodell: Einnahmequellen

Stromverkauf an Versorgungsunternehmen

NextEra Energy meldete im Jahr 2022 einen Gesamtbetriebsumsatz von 21,3 Milliarden US-Dollar. Stromverkauf an regulierte Versorgungskunden über Florida Power & Light Company (FPL) erwirtschaftete einen Umsatz von rund 12,4 Milliarden US-Dollar.

Segment	Umsatz (2022)	Prozentsatz des Gesamtumsatzes
Regulierter Stromversorger	12,4 Milliarden US-Dollar	58.2%
Energieressourcen	8,9 Milliarden US-Dollar	41.8%

Gutschriften und Anreize für erneuerbare Energien

NextEra Energy erwirtschaftete im Jahr 2022 rund 672 Millionen US-Dollar aus Steuergutschriften für erneuerbare Energien.

• Produktionssteuergutschriften (PTC): 456 Millionen US-Dollar
• Steuergutschriften für Investitionen (ITC): 216 Millionen US-Dollar

Stromabnahmeverträge

Das Unternehmen hat 55,4 GW vertraglich vereinbarter Projekte für erneuerbare Energien mit verschiedenen Stromabnahmeverträgen in mehreren Bundesstaaten.

Vereinbarungstyp	Vertraglich vereinbarte Kapazität	Geschätzter Jahresumsatz
Windkraft-PPAs	32,6 GW	3,2 Milliarden US-Dollar
Solarstrom-PPAs	22,8 GW	2,8 Milliarden US-Dollar

Verträge für Energiespeicherlösungen

NextEra Energy hat 2,5 GW Energiespeicherprojekte mit einem prognostizierten Jahresumsatz von 380 Millionen US-Dollar.

Beratungs- und Technologielizenzierungsdienste

Technologielizenzierungs- und Beratungsdienstleistungen generierten im Jahr 2022 zusätzliche Einnahmen in Höhe von rund 124 Millionen US-Dollar.

• Lizenzierung für erneuerbare Energietechnologie: 78 Millionen US-Dollar
• Energiemanagementberatung: 46 Millionen US-Dollar

NextEra Energy, Inc. (NEE) - Canvas Business Model: Value Propositions

Low-cost, high-reliability electricity for Florida's growing population

Florida Power & Light (FPL), NextEra Energy, Inc.'s regulated utility, provides power to about 12 million people across Florida. You can expect predictable returns from this segment, which is supported by a constructive regulatory framework. The Q3 2025 adjusted earnings per share (EPS) for FPL was $0.71, with FPL earnings improving to $1.4 billion in that quarter.

The approved 2025 base rate settlement locks in substantial revenue visibility for FPL, with annualized retail base revenue increases of $945 million beginning January 1, 2026, and an additional $705 million starting January 1, 2027. FPL is expanding its rate base at roughly 8% annually, supported by a projected customer base growth of approximately 335,000 accounts through 2029. Still, typical FPL residential bills remain about 20% below the national average when adjusted for inflation compared to 20 years ago.

FPL Regulated Return Metric	Value/Range
Authorized Regulatory Return on Equity (ROE) Midpoint	10.95%
Authorized Regulatory ROE Band	9.95% - 11.95%
Authorized Regulatory Equity Ratio	59.6%
Rate Stabilization Mechanism (RSM) Capacity	Up to $1.155 billion

Scalable, long-term contracted clean energy for corporate and utility clients

NextEra Energy Resources, the non-regulated arm, focuses on long-term contracted renewable generation. The company's backlog of signed contracts for renewables and storage stood at 27.7 GW as of April 23, 2025. By the end of Q3 2025, this backlog had grown to nearly 29.6 GW after adding 3 GW of new renewables and storage in that quarter alone. Management plans to develop between 36.5 GW and 46.5 GW of renewable and battery storage projects over the 2024-2027 period. Adjusted EBITDA from regulated and contracted businesses is expected to make up 90% to 95% of total consolidated EBITDA over the next three years.

• Record addition of 3.2 GW in new renewables and storage in Q1 2025.
• Landmark agreement with Entergy for up to 4.5 GW of solar and energy storage.
• Agreements signed for over 3 GW of renewables, including an 860-MW deal with Google.
• Aim to operate a 70-gigawatt generation and storage portfolio by 2027.

Grid stability and resilience via Battery Energy Storage Systems (BESS)

NextEra Energy is making substantial capital commitments to BESS to firm up its renewable portfolio and ensure grid reliability. NextEra Energy Resources added 8.7 GW of new renewables and storage projects in 2025. For 2025, NextEra Energy Resources invested $7.33 billion in solar and solar-plus-battery storage projects. The company secured a $301 million deal for 6.3 GWh of energy storage system (ESS) batteries. The strategy includes FPL planning to deploy 7.6 gigawatts of battery storage over the next decade.

Enabling the exponential energy demand of hyperscalers and AI data centers

The value proposition here is becoming the go-to provider for power-hungry digital infrastructure. Estimates suggest U.S. data centers could require an additional 22.5 to 30 gigawatts (GW) of energy by 2030. NextEra Energy has a massive $74 billion investment plan earmarked for clean energy and storage, explicitly targeting this AI-driven demand. The company's Q1 2025 record addition of 3.2 GW in new capacity was directly aimed at this burgeoning demand. A key example is the 25-year nuclear power purchase agreement (PPA) with Google, which accelerates the Duane Arnold restart, a project expected to add about $0.16 to annual EPS once operational.

Predictable, regulated returns from the Florida Power & Light (FPL) rate base

The regulated utility business provides a foundation of stable, predictable returns. The authorized regulatory ROE for FPL is set at 10.95%, with a defined band of 9.95% to 11.95%, and a regulatory equity ratio of 59.6%. Management reaffirmed an adjusted EPS growth outlook for NextEra Energy of 6-8% through 2027. The Q3 2025 adjusted EPS for the entire company was $1.13, up 9.7% year-over-year.

NextEra Energy, Inc. (NEE) - Canvas Business Model: Customer Relationships

You're looking at how NextEra Energy, Inc. manages its two very different customer bases: the regulated residential/commercial base served by Florida Power & Light (FPL) and the wholesale/contracted customers of NextEra Energy Resources (NEER). The relationship style is fundamentally different for each.

Regulated relationship with FPL customers via public service commission oversight

For Florida Power & Light (FPL), the relationship is strictly defined by the Florida Public Service Commission (PSC) oversight. This structure dictates rate recovery and service standards. FPL is America's largest electric utility, serving approximately 6.0 MM customer accounts or about 12 million people across Florida as of late 2024. The current regulatory relationship is shaped by FPL's 2025 base rate proceeding filing, which requests base rate adjustments of approximately $1.6 billion in 2026 and $0.9 billion for 2027. If approved, this plan targets an estimated average annual increase in total customer bills of approximately 2.5% from January 2025 through the end of 2029. This regulated environment also mandates high performance; FPL's distribution service reliability was 59% better than the national average in 2024.

The relationship is also defined by managing growth and investment recovery:

• FPL added about 275,000 customers since 2021.
• The utility expects to add about 335,000 more customers through the end of 2029.
• Smart-grid devices helped avoid 2.7 million customer outages across 2024.
• The company plans to invest approximately $50 billion from 2025-2029.

Dedicated account management for large-scale wholesale customers (NEER)

NextEra Energy Resources (NEER) deals with sophisticated, large-scale wholesale customers like utilities, municipalities, and major corporations, often centered around long-term Power Purchase Agreements (PPAs). This requires dedicated account management, focusing on customized energy solutions rather than standard service delivery. NEER is the '#1 originator for U.S. power and commercial & industrial customers'. The company is actively growing its contracted portfolio, adding 3.2 gigawatts (GW) to its backlog in the second quarter of 2025 alone.

Here's a look at the scale of these wholesale relationships:

Metric	Value (as of early/mid-2025)
Total Renewables and Storage Backlog	~28 GW
Total Renewables and Storage Pipeline	~300 GW
Backlog Serving Technology/Data Center Customers	Approximately 6 GW
Average Counterparty Credit Rating on PPAs	A-

Long-term, contract-based relationships with PPA counterparties

The core of the NEER relationship model is the long-term, fixed-rate contract, which provides revenue predictability for NextEra Energy, Inc. and helps counterparties meet their own sustainability goals. These are not month-to-month arrangements; they are multi-year commitments. For example, a recent PPA with Nucor Corporation supports a solar project expected to begin commercial operation in December 2025. These non-regulated assets generate predictable revenue backed by these long-term, fixed-rate contracts. The commitment to long-term contracted investments is a key feature of the business model.

Automated digital self-service tools for FPL residential customers

For the millions of FPL residential customers, the relationship leans heavily on digital self-service to manage routine interactions efficiently. While specific usage statistics for digital tools aren't provided, the focus on technology is clear through reliability metrics. Customers use digital channels to track outages and manage accounts, which supports the utility's efficiency goals. The company's commitment to technology is evident in its investment plans, including adding new solar generation with cost recovery through programs like SolarTogether®, a voluntary community solar program where participants pay a fixed monthly subscription charge.

Proactive communication during storm preparation and restoration

When severe weather hits, the relationship shifts to urgent, proactive communication to manage expectations and demonstrate rapid response. Following Hurricane Milton in October 2024, FPL restored power to more than 1.9 million customers, which was over 95% of those impacted, utilizing a restoration workforce of 20,000 men and women from 41 states and Canada. Just prior to that, after Hurricane Helene in September 2024, FPL restored power to 93% of affected customers within 24 hours of the storm exiting the state, restoring over 634,000 customers. Even in August 2024, during Hurricane Debby, smart grid technology helped avoid nearly 85,000 outages while crews restored power to nearly 250,000 customers.

Here's a snapshot of recent storm response performance:

• Hurricane Milton (Oct 2024): Restored power to over 95% of 1.9 million impacted customers.
• Hurricane Helene (Sep 2024): Restored 93% of affected customers within 24 hours of storm exit.
• Hurricane Debby (Aug 2024): Avoided nearly 85,000 outages via smart grid tech.

Finance: draft 13-week cash view by Friday.

NextEra Energy, Inc. (NEE) - Canvas Business Model: Channels

Regulated transmission and distribution grid to Florida end-users (FPL)

Florida Power & Light Company, America's largest electric utility, delivers power through its regulated grid infrastructure. This channel serves more than 6 million customer accounts, which equates to approximately 12 million people across nearly half of Florida. The operational scale includes approximately 36 gigawatts (GW) of owned generating capacity. To maintain and expand this service, FPL operates nearly 91,000 circuit miles of transmission and distribution lines, supported by 921 substations. The capital plan for this channel includes investing approximately $21.7 billion through 2029 on T&D infrastructure. For Q3 2025, FPL's earnings per share (EPS) reached $0.71. The utility's revenue for Q2 2025 was up 7.3% year-over-year, totaling $4.71 billion. FPL's rate base is expected to expand at roughly 8% annually.

Direct long-term Power Purchase Agreements (PPAs) with wholesale buyers

NextEra Energy Resources (NEER) utilizes direct, long-term PPAs as a primary channel to wholesale buyers, including corporations and other utilities. The renewables and storage backlog stood at nearly 29.6 GW as of the latest reports. In Q2 2025 alone, NEER added 3.2 gigawatts of new renewables and storage capacity to this backlog. This segment reported earnings of $1.27 billion with an EPS of $0.62 in Q3 2025. Revenue from the NextEra Energy Resources unit jumped 16.4% year-over-year in Q2 2025, reaching $1.91 billion. The company is executing on long-term contracts, such as a landmark agreement for up to 4.5 GW with Entergy and a 25-year PPA with Google for the restarted Duane Arnold nuclear facility.

Metric	Value (Late 2025 Data)	Segment/Context
Renewables & Storage Backlog	Nearly 29.6 GW	NextEra Energy Resources (NEER)
New Backlog Additions (Q2 2025)	3.2 GW	NEER
Backlog for Tech/Data Center Customers	About 6 GW	NEER
Total Expected Capacity for Tech/Data Centers (Operating + Backlog)	Over 10.5 GW	NEER
Assets with PPAs Expiring 2030-2035	~6 GW	NEER
NEER Q3 2025 EPS	$0.62	NextEra Energy Resources

Interconnection points to regional transmission organizations (RTOs)

NextEra Energy Transmission is a competitive transmission company facilitating the movement of power from generation sources, including NEER's renewables, to various markets. The transmission business has a backlog exceeding 25 GW and a total renewables and storage pipeline of ~300 GW. The build-out of high-voltage transmission lines is critical for connecting resource-rich regions to high-demand markets served by RTOs. NEER's operations span 49 U.S. states and four Canadian provinces, indicating a vast network of interconnection points across multiple RTOs and independent system operators.

NextEra Energy Resources' direct sales team for corporate clients

The direct sales effort targets large Commercial & Industrial (C&I) customers, with a significant focus on the technology and data center sector. Approximately 6 GW of the current backlog is specifically earmarked for these technology and data center customers, including AI-focused hyperscalers. Over the last 12 months, the company originated approximately 12.7 GW of new renewables and battery storage projects, much of which is secured via direct sales channels. Strong C&I demand is creating valuable recontracting opportunities for assets with PPAs expiring between 2030 and 2035.

Digital platforms for customer billing and outage reporting

The regulated utility channel, FPL, manages billing and outage reporting for its 6 million customer accounts through its digital platforms. NextEra Energy is actively engaged in digital transformation strategies and innovation programs. The company has utilized AI solutions, such as partnering with HData, to enhance regulatory analytics for its competitive business.

• FPL Customer Accounts: >6 million accounts.
• Digital Focus: Insights into digital transformation strategies and innovation programs.
• Technology Partnership Example: HData for regulatory analytics.

NextEra Energy, Inc. (NEE) - Canvas Business Model: Customer Segments

You're looking at the customer base for NextEra Energy, Inc. as of late 2025. It's a split operation: the regulated utility side serving Florida, and the competitive energy resources arm serving wholesale and corporate buyers across North America. Honestly, the numbers show where the immediate growth engine is firing.

Regulated residential, commercial, and industrial customers in Florida

This is the Florida Power & Light (FPL) segment. They are the bedrock of the company's stability. FPL is the largest electric utility in the U.S. by retail megawatt-hour sales. You need to know the scale here to appreciate the cash flow predictability.

• FPL serves more than 6 million customer accounts.
• This represents approximately 12 million people across Florida.
• FPL's Q1 2025 net income was $1.316 billion.
• For Q2 2025, FPL segment net income rose to $2.028 billion.
• FPL's Q1 2025 revenue reached $3.99 billion.
• The utility has about 36 gigawatts (GW) of generation capacity.
• FPL is planning for approximately 352,000 new customer accounts in 2026.

Large-scale wholesale energy buyers and utilities across North America

NextEra Energy Resources (NEER) handles this. They are selling power, often from renewables, to other utilities and large entities. Their pipeline growth is the key metric here, showing future contracted revenue.

• NEER's total backlog of signed renewable and storage contracts was roughly 28 GW as of Q1 2025.
• In Q1 2025 alone, NEER added about 3.2 GW to this backlog.
• NEER reported Q1 2025 revenue of $2.16 billion.
• Adjusted earnings for NEER in Q1 2025 were $908 million.

Hyperscalers and technology companies demanding clean power

This group falls under NEER's wholesale buyers, but their demand is driving specific project development. They want clean power fast, and NEER is structuring deals to meet that urgency.

• NEER added over 1 gigawatt (GW) of capacity specifically for hyperscalers in Q2 2025 backlog additions.
• The overall development plan targets 36.5 GW to 46.5 GW of renewable and battery storage projects between 2024-2027.

Financial investors seeking tax equity in renewable energy projects

While not direct power customers, financial partners are crucial for funding the massive capital deployment. These transactions often involve selling stakes to realize tax benefits, like the one with Blackstone.

Here's a look at the scale of investment and a relevant transaction:

Metric	Value/Amount	Context
Consolidated Capex Projection (2025-2027)	Exceed $85 billion	Fitch expectation for total capital spending.
Capex to Non-Regulated Businesses (2025-2027)	More than 65%	Indicates the portion reliant on competitive financing structures.
Stake Sale to Blackstone	$900 million	Partial stake sale in a 1.6 GW renewable energy portfolio.

Government and military installations requiring reliable, clean power

This segment is served through the broader wholesale and regulated utility contracts, but specific, publicly itemized contract values for military bases weren't readily available in the latest disclosures. Still, the overall commitment to grid modernization and reliability supports this need.

The core customer segmentation financial snapshot looks like this:

Segment	Q1 2025 Revenue (USD)	Q1 2025 Net Income (GAAP, USD)	Key Customer Metric
FPL (Regulated Utility)	$3.99 billion	$1.316 billion	6 million+ customer accounts served.
NEER (Wholesale/B2B)	$2.16 billion	$172 million (GAAP)	28 GW contracted backlog (as of Q1 2025).

Finance: draft 13-week cash view by Friday.

NextEra Energy, Inc. (NEE) - Canvas Business Model: Cost Structure

You're looking at the core expenditures that power NextEra Energy, Inc.'s massive operations, which is definitely a capital-intensive game. The cost structure is dominated by the need to constantly fund growth and maintain a vast, complex asset base across Florida Power & Light (FPL) and NextEra Energy Resources (NEER).

Massive capital expenditures, FPL projected at $9.3 billion to $9.8 billion in 2025

The sheer scale of investment required to serve Florida's growing population is a primary cost driver. For the full year 2025, Florida Power & Light projects its capital investments to land between $9.3 billion and $9.8 billion. This spending supports grid modernization, storm hardening, and new generation capacity, including solar and battery storage. For context, FPL's capital expenditures for the third quarter of 2025 alone were approximately $2.5 billion.

High interest expense and debt service costs on long-term debt

Financing this growth means carrying significant debt. As of September 30, 2025, NextEra Energy's long-term debt stood at $84.17 billion. This level of leverage translates directly into substantial interest costs. For the three months ending September 2025, the reported Interest Expense on Debt was $1.153 billion (based on the $-1,153 Mil figure reported for that quarter). The company's net debt to EBITDA ratio was reported at 6.4 as of July 1, 2025, indicating a heavy debt load that requires careful management.

Fuel and purchased power costs for generation and grid balancing

While NextEra Energy Resources leans heavily on contracted renewables, FPL still relies on fuel and purchased power, though costs are largely recoverable. For the third quarter of 2025, the combined Fuel, purchased power and interchange expense across FPL and NEER was $1,423 million. FPL utilizes cost recovery clauses to pass substantially all fuel and purchased power costs directly to customers, which matches the cost with related revenue when billed. Still, market volatility, like the forecasted 59% year-over-year increase in natural gas prices from 2024 to 2025, remains a risk factor, even with hedging.

Operations and maintenance (O&M) expenses for a large asset base

Running and maintaining the utility and renewable generation fleets requires consistent O&M spending. The total operating expenses for NextEra Energy for the twelve months ending September 30, 2025, reached $18.665 billion. The specific Operations and Maintenance component for the third quarter of 2025 was significant:

Expense Category (Millions USD)	FPL (Q3 2025)	NEER (Q3 2025)	Corporate and Other (Q3 2025)	Total (Q3 2025)
Other operations and maintenance	432	810	168	1,410

This table shows the quarterly breakdown for Other operations and maintenance expenses for the period ending September 30, 2025.

Regulatory compliance and depreciation of energy assets

Depreciation is a non-cash cost reflecting the aging and utilization of the utility's physical assets, while regulatory compliance costs cover items like environmental mandates. Depreciation and amortization is a major line item, as seen in the third quarter of 2025:

Expense Category (Millions USD)	FPL (Q3 2025)	NEER (Q3 2025)	Corporate and Other (Q3 2025)	Total (Q3 2025)
Depreciation and amortization	1,385	695	16	2,096

The regulatory environment in Florida is generally viewed as supportive, allowing for timely cost recovery. For instance, FPL is requesting rate increases of approximately $1.55 billion in 2026 and $927 million in 2027 through rate cases and the Solar and Battery Base Rate Adjustment (SoBRA) mechanism, which helps recover costs for investments and compliance efforts.

You should review the full quarterly breakdown for a complete picture of operating costs:

• For the three months ended September 30, 2025, Total operating expenses - net were $5,582 million.
• The Fuel, purchased power and interchange cost for Q3 2025 was $1,423 million.
• Other operations and maintenance for Q3 2025 totaled $1,410 million.
• Depreciation and amortization for Q3 2025 was $2,096 million.
• Taxes other than income taxes and other - net for Q3 2025 totaled $653 million.

Finance: draft 13-week cash view by Friday.

NextEra Energy, Inc. (NEE) - Canvas Business Model: Revenue Streams

You're looking at the core ways NextEra Energy, Inc. brings in cash as of late 2025. The largest piece comes from its regulated utility, Florida Power & Light (FPL). FPL brought in $3.99 billion in revenue just in the first quarter of 2025. This revenue is directly tied to the recovery of capital investments through the regulated rate base, which is a key driver for FPL's earnings growth. To support this, FPL spent approximately $2.4 billion in capital expenditures during that same quarter. The regulatory capital employed for FPL grew by about 8.1% year-over-year as of Q1 2025. Also, FPL has proposed base rate adjustments of roughly $1.6 billion in 2026 and $0.9 billion for 2027 to continue recovering these requirements.

Here's a quick look at the top-line revenue components from the first quarter of 2025:

Revenue Source	Q1 2025 Revenue Amount
Regulated Electricity Sales (FPL)	$3.99 billion
Long-Term Contracted Energy Sales (NEER)	$2.16 billion

NextEra Energy Resources (NEER), the competitive arm, generates substantial revenue through long-term contracted energy sales via Power Purchase Agreements (PPAs). For Q1 2025, NEER reported revenue of $2.16 billion. This business focuses heavily on securing long-term contracted renewable generation. The company is actively growing its development pipeline; in Q1 2025, NEER added about 3.2 gigawatts of new renewables and storage projects to its backlog, bringing the total backlog to roughly 28 gigawatts. This growth is supported by the expectation that current federal tax structures, like those from the Inflation Reduction Act, will continue.

Other revenue components flow through the segments:

• NextEra Energy Transmission contributed $0.01 to the adjusted Earnings Per Share (EPS) breakdown for Energy Resources in Q1 2025.
• The regulated business mix, driven by FPL rate base growth and new FERC-regulated transmission investments, is estimated to make up about 75% of NextEra's EBITDA in 2024, staying in the upper half of the 70% to 75% range through 2027.
• The company continues to secure new Federal Energy Regulatory Commission-regulated transmission investments.

Finance: review the impact of the proposed 2026/2027 base rate adjustments on next quarter's regulatory asset recovery forecast by end of next month.