Tech giants like Alphabet and Meta are ramping up CapEx for AI data centers, which is creating massive power demand. NextEra Energy (NEE) seems to be a primary beneficiary. They had their best year ever for project origination last year with 13.5 GW added and now have a 30 GW backlog. Specifics include signing 2.5 GW in deals with Meta and partnering with Google to develop campuses, which involves potentially restarting a nuclear plant in Iowa. They are also working with Exxon on a gas-fired plant with carbon capture. Management is targeting 15-30 GW of new generation for data center hubs by 2035.