Development Deal Will Provide Hydrogen for California Data Centers [Yahoo! Finance]
NextEra Energy, Inc. (NEE)
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Source: Yahoo! Finance
Verne will leverage Vema's clean energy, known as Engineered Mineral Hydrogen (EMH), to provide low-emission power for its data center customers. The companies on December 16 said operations could begin as soon as 2028. The groups said that the deal demonstrates the demand for EMH in California, and said commercial traction is underway in the high-growth data center sector. With data center energy consumption expected to double by 2030, the industry is focused on finding new energy sources for the roughly 945 terawatt-hours needed, according to the companies. “Artificial intelligence is driving unprecedented demand for power, and the industry desperately needs scalable solutions like Vema's Engineered Mineral Hydrogen,” said Ted McKlveen, Verne co-founder and CEO. “We are excited to partner with Vema to offer our data customers a solution that meets not only their rising power needs, but also their sustainability goals.” Vema will increase production to more than 36,000 metric tons pe
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News
- What Google's New Deal Means for Energy Investors [Yahoo! Finance]Yahoo! Finance
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- Market Outlook: Diversification takes centre stage as investors rethink AI-heavy portfolios [BNN Bloomberg (Canada)]BNN Bloomberg
- NextEra Energy (NYSE:NEE) had its price target raised by analysts at JPMorgan Chase & Co. from $94.00 to $97.00. They now have an "overweight" rating on the stock.MarketBeat
NEE
Earnings
- 10/29/25 - Beat
NEE
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- NEE's page on the SEC website