Florida Data Center Intel

Recent Florida data center news

• Nov 8, 2025

  Duke Energy beats quarterly estimates as power demand in the Carolinas increases

  Duke Energy reported stronger-than-expected third-quarter results and signed about three gigawatts of energy service agreements with data centers.

  • Main announcement/action: Duke Energy beat Q3 revenue and profit estimates, reporting quarterly revenue of $8.54 billion and adjusted EPS of $1.81, and said it has signed about 3 gigawatts of energy service agreements with data centers this year (including deals with Digital Realty and Edged). CFO Brian Savoy said: “I think you’ll see the three gigawatts grow in a meaningful way as we move through the quarters.” The company plans to add over 13 gigawatts of energy capacity over the next five years and expects to earn in the upper half of its 5%–7% profit growth range starting in 2028.
  • Background and details: Duke narrowed full-year adjusted EPS guidance to $6.25–$6.35 per share (from $6.17–$6.42); adjusted electric utilities segment earnings were $1.69 billion (up from $1.46 billion year-ago). The company’s refreshed five-year capital plan, expected in February, is expected to range between $95 billion and $105 billion. Duke is considering adding large traditional and next-generation nuclear reactors and extending some coal plants; it also expects to recover about $1.1 billion in storm-related costs by February next year. The article cites the U.S. Energy Information Administration projecting record U.S. power demand in 2025–2026 driven by AI data centers and electrification.
• Nov 6, 2025

  NRG Energy, Inc. Reports Third Quarter Results, Reaffirms 2025 Financial Guidance, and Initiates 2026 Standalone Guidance

  NRG Energy, Inc. announced third quarter 2025 financial results and updated guidance and capital allocation plans.

  • Main announcement: NRG reported GAAP Net Income of $152 million for Q3 2025 and strong non-GAAP results including Adjusted Net Income $537 million, Adjusted EBITDA $1,205 million, and FCFbG $828 million; the company reaffirmed and raised 2025 guidance ranges (Adjusted Net Income $1,470–$1,590M; Adjusted EPS $7.55–$8.15; Adjusted EBITDA $3,875–$4,025M; FCFbG $2,100–$2,250M). The press release also initiated 2026 standalone guidance (Adjusted EBITDA $3,925–$4,175M) and confirmed the planned acquisition of LS Power’s Premier Power Portfolio (13 GW + 6 GW VPP) expected to close Q1 2026.
  • Background and details:Capital allocation includes returning $1.3 billion to shareholders via share repurchases and ~$345 million via dividends in 2025 (through Oct. 31: $1.1B repurchased, $258M distributed); on Oct 8, 2025 NRG closed a $4.9 billion senior notes issuance to fund the cash portion of the LS Power acquisition and repay Senior Secured Notes. Other items: $562M TEF loan at 3% to support development of the 689 MW (721 MW nameplate) Cedar Bayou facility (initial disbursement Sept 2025; commercial operations projected mid-2028). Conference call: Nov 6, 2025, 9:00 a.m. Eastern (8:00 a.m. Central) — live webcast via investors.nrg.com (archived on site).
• Nov 4, 2025

  Jabil Announces Definitive Agreement to Acquire Hanley Energy Group

  Jabil Inc. announced it will acquire Hanley Energy Group in an all-cash transaction for approximately $725 million plus contingent consideration up to $58 million, expected to close in the first quarter of calendar year 2026, subject to customary closing conditions and regulatory approvals.

  • Transaction details: Purchase price ~$725 million (all-cash) with contingent consideration up to $58 million tied to future revenue thresholds; Hanley’s projected first-year annualized revenue $350–$400 million with mid-to-high-teens EBITDA margins; expected close Q1 2026, subject to regulatory approvals and customary closing conditions.
  • Strategic rationale and operations: Hanley Energy Group provides critical power and energy management solutions (low/medium voltage switchgear, PDUs, UPS) and has engineering talent across Ireland and North America; Jabil intends to integrate Hanley’s lifecycle services (design, consulting, deployment, commissioning, field support) to expand its AI data center infrastructure and end-to-end power management capabilities.
• Nov 4, 2025

  Jabil Announces Definitive Agreement to Acquire Hanley Energy Group

  Jabil Inc. announced it will acquire Hanley Energy Group for approximately $725 million in cash, plus contingent consideration up to $58 million, with the transaction expected to close in Q1 2026, subject to customary closing conditions and regulatory approvals.

  • Deal and financials: All-cash definitive agreement to acquire Hanley Energy Group for ~$725 million plus up to $58 million contingent on future revenue thresholds; expected close Q1 2026; Hanley’s projected first-year annualized revenue $350–$400 million with mid-to-high-teens EBITDA margins and sustained double-digit revenue growth.
  • Scope and implementation details: Acquisition adds Hanley’s expertise in power systems and energy optimization (low/medium voltage switch gear, PDUs, UPS systems) and comprehensive lifecycle services (design, consulting, deployment, commissioning, field support); Jabil states the combination strengthens its capabilities for AI data center infrastructure and enables design, manufacture, deployment, and service for hyperscale, co-location, and digital-native customers.
• Oct 29, 2025 · Hensel Phelps

  Hensel Phelps: ABC’S Top Perfromers 2025

  Hensel Phelps announces recognition in ABC’s 2025 National Contractor Rankings, highlighting sector-specific placements and portfolio scale.

  • Main announcement: Hensel Phelps earned #6 among ABC’s Top General Contractors and #9 in ABC’s Top 250 Performers in the ABC 2025 National Contractor Rankings; notable sector placements include #1 Airport Contractors, #3 Government Contractors, #3 Hospitality Contractors, #6 Office Contractors, #6 Healthcare Contractors, #7 High-Tech/Data Center Contractors, #9 Education Contractors, and #18 Infrastructure Contractors. The company cites a portfolio of more than 380 aviation projects at over 40 airports totaling more than $29 billion in value and 55 million square feet, more than $4 billion delivered across education projects, more than 230 office buildings, and more than 280 healthcare projects; data center projects with individual sizes from 30,000 sq ft to 1,200,000+ sq ft and capacities exceeding 200 MW are also highlighted.
  • Background and details: The release describes project types and examples (e.g., San Ysidro Land Port of Entry – Phase 2; Travis County Civil and Family Courts Facility; Kilolani Spa at Grand Wailea Maui; Four Seasons Resort Hualalai; Montgomery/Meta data center project; UC and Caltech university projects) and lists repeat clients and partners such as Four Seasons, Marriott, Hilton, Hyatt, Universal Parks & Resorts, Disney Parks & Resorts, Kaiser Permanente, UCHealth, City of Hope, Banner Health, Sharp Healthcare, and the National Institutes of Health. The statement emphasizes operational capabilities (working in active airports, live healthcare environments, mission-critical data centers), use of BIM and VDC, formal Methods of Procedure (MOPs), and compliance with security and sustainability standards. No implementation timelines or monetary commitments beyond portfolio/value figures are provided.
• Oct 28, 2025

  Data Centers Are Turning to Gas Generators for Prime Power to Eliminate Long Lead Times for Grid Connections

  Data center developers and equipment suppliers are increasingly using natural gas generator sets and packaged generator solutions as near-term prime power to meet rapid AI-driven compute demand.

  • Main announcement/action: Data center developers (notably Joule Capital Partners with Caterpillar and CAT dealer Wheeler Machinery) are deploying natural gas gensets as prime power at large campuses (Millard County, Utah up to 4 GW planned) with fleets of Caterpillar G3520K (2.5 MW each) and >1 GWh battery storage; the Wonder Valley, Alberta project will use onsite natural gas to power an 8-GW data center with the first 1.5 GW scheduled for completion by 2027. Lead times for utility power can be three to seven years, prompting BYOP (bring your own power) and rapid delivery advantages for gas packages.
  • Background and supporting details:Global Market Insights (GMI) valued the global gas generator market at $6.9 billion in 2024, projecting 8.8% CAGR to $16 billion by 2034, with >330 kVA and >750 kVA segments growing fastest; Fidelity Manufacturing expanded staffing from 40 to >500 and opened a second 86,000 sq ft factory (additional 25,000 sq ft production and warehouse planned) to meet data-center-driven demand. Typical large gas engines available up to ~2.5 MW; custom packaged features, ASCE/SEI and local codes, and OSHA/IBC-compliant access (aluminum framing, anti-slip surfaces) are emphasized. Lead times for larger packaged deliveries can be up to one year or more.
• Oct 27, 2025

  Google Has Deal With NextEra to Restart Duane Arnold Nuclear Plant

  NextEra Energy announced Google has signed a 25-year power purchase agreement that enables NextEra to restart the 615-MW Duane Arnold Energy Center and NextEra has agreed to acquire CIPCO and Corn Belt’s combined 30% interest to become the plant’s sole owner.

  • Main announcement: NextEra and Google signed a 25-year PPA for power from the 615-MW Duane Arnold Energy Center; NextEra said the contract “enables the investment to restart the plant and covers costs for the production of energy from Duane Arnold.” NextEra expects the plant could be operational as soon as early 2029, and CIPCO will buy output under the same contract terms as Google.
  • Background and details: NextEra agreed to acquire Central Iowa Power Cooperative and Corn Belt Power Cooperative’s combined 30% interest to assume full ownership; Google noted a recent $7-billion investment in Iowa and said the restart supports its cloud and AI infrastructure in the state. NextEra stated it is coordinating with the Nuclear Regulatory Commission and local authorities and has nearly 3 GW of projects executed with Google nationwide.
• Oct 16, 2025

  Advocating for Public Power Companies: LPPC Focuses on Load Growth, FEMA Reform, and Tax-Exempt Bonds

  The Large Public Power Council (LPPC) is advocating federal policy changes to address rapid electricity load growth driven by data centers, AI, and electrification, and is pushing for FEMA process reforms and updates to Treasury rules on tax-exempt bonds.

  • Main announcement/action: LPPC (29 member public power systems serving 30.5 million consumers across 23 states and territories) is urging Congress and federal agencies to re-examine queue processes, finance mechanisms for large loads, and FEMA procedures to accelerate infrastructure delivery; LPPC highlights that about half of its members are experiencing rapid load growth that could double over the next 10 years, with individual new customers now seeking up to 1 GW of capacity (“enough to power probably 600,000 homes”).
  • Background and specifics: LPPC president Tom Falcone identified specific reforms: support for the FEMA Act of 2025 (House proposal by Chairman Graves and Ranking Member Larsen) to reduce disaster grant delays, and revisions to U.S. Treasury regulations on tax-exempt bonds related to “private use” that limit long-dated contracts with customers; LPPC notes permitting, public processes, construction, and supply-chain timelines constrain how fast utilities can build.
• Oct 6, 2025 · Information Technology and Innovation Foundation

  Tip of the Iceberg: Understanding the Full Depth of Big Tech’s Contribution to US Innovation and Competitiveness

  The Information Technology and Innovation Foundation (ITIF) argues that U.S. “big tech” firms (Apple, Amazon, Alphabet, Meta, Microsoft) provide critical R&D, infrastructure, and national-security spillovers that policymakers must account for when designing regulation or antitrust policy.

  • Main announcement / action: ITIF presents an analysis claiming the five largest U.S. tech firms invested $227 billion in R&D in 2024 and over $250 billion in capital expenditures in 2024, financing frontier projects (AI, quantum, semiconductors), strategic infrastructure (hyperscale data centers, subsea cables), and long-term energy deals (e.g., Alphabet–Kairos Power agreement to deliver six or seven SMRs between 2030–2035; Amazon anchored a $500 million investment round in X-energy; Amazon committed $150 billion to data center expansion over 15 years). These are presented as concrete, long-horizon commitments that create private demand signals for nuclear and other clean-energy technologies and underpin U.S. competitiveness vs. China.
  • Background and other details: The report documents open-research spillovers (AlphaFold, GraphCast, TensorFlow/PyTorch), startup and talent ecosystem links (acquisitions like YouTube/Android; AWS/Google/Microsoft startup programs and cloud credits), and defense ties (cloud contracts such as JWCC up to $9B to 2028, Microsoft IVAS $22B program). It cites third-party estimates and examples with timelines and dollar figures and urges regulators to include these quantified spillovers in cost-benefit analyses rather than only tallying harms.
• Sep 26, 2025

  United States $572 Billion Alternative Investment Manager Ares Management Corporation to Raise $8 Billion for New Data Centre Fund 

  Ares Management Corporation plans to raise a new data centre fund and has recently closed a Japan-focused vehicle.

  • Main announcement: Ares is planning to raise $8 billion for a new data centre fund (announced 26 Sept). Separately, on 11 June 2025 Ares announced the final close of Japan DC Partners I LP (JDC I) with ~US$2.4 billion (¥350 billion) in equity commitments; CPP Investments committed ~US$1.3 billion (¥193 billion) and GLP is a named institutional investor. JDC I will develop three data centre campuses in Greater Tokyo expected to deliver nearly 240MW of IT load, incorporating renewable-enabled power sourcing and water-efficient cooling systems.
  • Background & related details: Ares’ asset figures vary by date in the article (examples: $572B / $546B / $525B AUM in different datelines). The firm’s Ares Private Markets Fund (APMF) reached $3 billion AUM (as of March 31, 2025) and is distributed via Ares Wealth Management Solutions (about 150 professionals). Ares acquired GCP International (closed March 1, 2025) and integrated Ada Infrastructure to operate JDC I campuses.