As of August 12, 2026, NextEra Energy announced agreements with the US Department of Commerce and the Government of Japan to fund the development and operation of up to 10 GW of natural gas-powered generation in Texas and Pennsylvania. [1] The announcement follows President Donald Trump’s approval of the projects, which were selected for Japan’s $550 billion investment commitment to the US as part of the US-Japan trade agreement. This releases the first tranche of funding for the two projects, which will be used for various development activities, such as down payments on long-lead equipment, procurement and construction contractors, etc. These funds are expected to enable NextEra to deliver large-scale power infrastructure. NextEra is continuing to work on project development with federal, state, and local stakeholders, with initial resources expected to come online as early as the end of 2028.

[1] https://www.investor.nexteraenergy.com/news-and-events/news-releases/2026/08-12-2026-211611676