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NextEra Energy and Google Collaborate on Accelerating Nuclear Power Deployment

LCG, October 28, 2025--NextEra Energy and Google yesterday announced two agreements that will help meet growing electricity demand from artificial intelligence (AI) with clean, reliable, 24/7 nuclear power and strengthen the nation's nuclear leadership. First, Google signed a new, 25-year agreement for power generated at the Duane Arnold Energy Center, Iowa's only nuclear power facility. The 601-MW boiling water reactor unit was shut down in 2020 and is expected to commence operations by the first quarter of 2029, pending regulatory approvals to restart the plant.

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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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Industry News

Saudi Arabia May Reopen Gas Resources

LCG, June 25, 2002-Meetings with Royal Dutch/Shell and Exxon Mobil representatives and Crown Prince Abdullah point to new agreements in natural gas development.

According to the New York Times, Saudi Arabian Ministers will determine certain parts of the potential $25 billion, 20-year agreement within the next two weeks.

The companies and Saudi Arabian government began negotiations a year ago, but sdisagreements over shared revenue and plans to run water, power, and desalinization plants kept anything concrete from emerging.

The situation may been further complicated by the Saudi Arabian public's relationship to the United States, although Saudi officials reject assertions that the delay has anything to do with U.S. Middle East policy.

One major point of discrepancy is in the percent of revenue from downstream projects. The companies want 15 to 20 percent, which is usual when a risk is taken in gas exploration, but the Saudis contend that, since the utility projects do not involve such risk, the revenue should be closer to 8 or 9 percent. If the agreement ends up with a 10 to 12 percent revenue, the Saudis may allow bidding.

The two projects included, lead by Exxon Mobil, are a $15 billion South Ghawar project with Shell, BP, and Phillips, and a $5 billion Red Sea Coat project involving Occidental and Marathon.

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