Energy Daily

NextEra’s Mega-Deal Heralds the Age of the Battery

The US utility is homing in on energy storage as ballooning data-center growth drives demand.

NextEra’s headquarters in Juno Beach, Florida. The company has agreed to acquire Dominion Energy in an all-stock transaction.Photographer: Marco Bello/Getty Images North America

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By Mark Chediak

May 19, 2026 at 11:41 AM UTC

This article is for subscribers only.

Welcome to our guide to the commodities driving the global economy. Today, reporter Mark Chediak takes stock of the latest mammoth deal in the US energy space.

If there’s one overarching theme in NextEra Energy Inc.’s $67 billion deal to purchase Dominion Energy Inc., it’s this: In the AI power boom, bigger is better.