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Nextera Energy

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NextEra secures $1.9B DOE loan to restart Iowa nuclear plant for Google

NextEra Energy has received a $1.9 billion federal loan to refurbish the Duane Arnold Energy Center in Iowa, a nuclear plant shuttered since 2020 that Google pledged to help revive last October. The plant is slated to restart in 2029, with Google reportedly planning up to six data centers nearby, while only 50 megawatts of output will go to the local power cooperative.

techcrunch.com · 2026-09-08

DOE grants NextEra $1.9B loan to reopen Iowa nuclear plant for Google's AI data centers

NextEra Energy has received a $1.9 billion loan from the US Department of Energy to restart the Duane Arnold Energy Center, a 615-megawatt nuclear plant in Iowa that was shut down after storm damage in 2020. Google will buy power from the reopened plant to run its AI data centers, with NextEra targeting a restart by 2029 and citing job creation and grid reliability benefits.

engadget.com · 2026-09-08