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NextEra Energy (NEE) stock closed in the green amid a broad market sell-off. NextEra Energy CEO John Ketchum joins Julie Hyman and Josh Lipton on Market Domination to discuss how the industry will keep up with growing demand for energy to power artificial intelligence (AI) systems.
"It's going to take all forms of energy to meet [AI] demand. We've never seen demand like this in our industry, in our history, and to think about a six-fold increase over the next 20 years, that's substantial," Ketchum says.
The CEO explains that NextEra is "in all forms of energy. We are the leading gas-fired generator in the United States. We're the seventh-largest nuclear developer and operator in the world. We're the world's leader in renewables, and we are prepared to deliver all types of generation sources to our customers."
He adds, "There's a difference in terms of the timing that those different sources can be brought to market and the cost associated with those alternatives as well," explaining that the market needs "renewables really to bridge" the gap to keep up with AI demand.
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This post was written by Naomi Buchanan.