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The Most Valuable U.S. Power Company Is Making a Huge Bet on Hydrogen
NextEra is talking about investing $20 billion in green hydrogen, banking on lucrative tax credits
The new strategy is a huge bet for the Florida-based business, which has become the most valuable power company in the U.S., in part because it outperformed its financial targets: Its 2022 profit was up roughly 70% from a decade ago. Over the past two decades, NextEra’s market capitalization has soared to more than $150 billion from roughly $11 billion.
The Most Valuable U.S. Power Company Is Making a Huge Bet on Hydrogen
NextEra is talking about investing $20 billion in green hydrogen, banking on lucrative tax credits
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