NextEra Energy - statistics & facts
Due to its multiple controlling interests in energy plants across North America, NextEra Energy is the most valuable electric utility company in the world and one with the highest income. In 2023, NextEra Energy’s market value stood at over 150 billion U.S. dollars. The United States-based company is also one of the leading green electric utilities in the world, as its renewable energy capacity increased six-fold between 2005 and 2022.
NEE's operations and earnings are on a constant growth trajectory. As the renewable energy and storage capacity of NEER increases, the electric utility company is likely to maintain its dominant position in the U.S. electricity market.
NextEra Energy’s subsidiaries
By the end of 2023, between owned power plants and controlled assets held by its subsidiaries, NextEra Energy's electricity generating capacity reached 64 gigawatts. The principal businesses of NextEra Energy (NEE) are Florida Power & Light (FPL) and NextEra Energy Resources (NEER), which, respectively, generate and supply electricity and oversee conventional and renewable energy facilities in the United States and Canada. FLP, which merged with the former NEE’s subsidiary Gulf Power in 2021, was the largest U.S. utility based on the number of residential customers in 2022. Meanwhile, NEER’s electricity sales are conducted in the wholesale market.NextEra’s growing renewable portfolio
FPL still relies mainly on fossil fuels to provide electricity to its millions of customers. In 2023, natural gas accounted for roughly 75 percent of FPL’s generation mix, with nuclear and solar power covering the remaining supply. Nevertheless, NEE has heavily invested in renewables in recent years through its NEER subsidiary. Contrasting with FLP, renewables accounted for more than 85 percent of NEER’s generation capacity assets in 2023 with wind power making up the largest share.NextEra Energy’s financial performance
In the 2023 fiscal year, NEE’s revenue amounted to roughly 28 billion U.S. dollars. This was an increase of approximately 30 percent in comparison to the previous year and the highest revenue generated by the company in at least 15 years. NextEra’s revenue is primarily generated from FPL's operations. NEE’s net income recorded a year-over-year growth of almost 95 percent in 2023, peaking at 6.3 billion U.S. dollars. The company’s total assets have grown continuously over the past decade, surpassing 177 billion U.S. dollars in 2023.NEE's operations and earnings are on a constant growth trajectory. As the renewable energy and storage capacity of NEER increases, the electric utility company is likely to maintain its dominant position in the U.S. electricity market.
