Yahoo Finance·2025-10-28 03:14Core Insights - NextEra Energy and Google have formed a significant partnership to restart the Duane Arnold Energy Center in Iowa, the state's only nuclear facility, to address increasing electricity demand driven by AI and data center growth [1][2] - The 615-MW plant is expected to be fully operational by Q1 2029, pending regulatory approval [1] - Google will purchase a large portion of the plant's output as a 24/7 carbon-free energy source for its cloud and AI infrastructure, while Central Iowa Power Cooperative will acquire the remaining capacity [2] Economic Impact - The restart of Duane Arnold, which was shut down in 2020, is projected to create approximately 400 permanent jobs and generate over $9 billion in total economic benefits for Iowa, including $3 million annually in new tax revenue [3] - The partnership is seen as a model for similar clean energy investments across the U.S., emphasizing the economic growth potential in the Hawkeye State [5] Strategic Importance - The collaboration is expected to enhance U.S. grid reliability and advance national energy independence, with NextEra's CEO highlighting the role of next-generation nuclear technology [4] - The companies plan to explore new nuclear generation projects nationwide, positioning nuclear power as essential for meeting the rising electricity demand anticipated through 2035 due to AI and electrification [6] State Support - Iowa officials view the project as a significant milestone in the state's energy evolution, with Governor Kim Reynolds praising it as a fusion of nuclear and AI innovation that will drive economic growth and strengthen communities [7]