Tech stocks, like those in the Nasdaq-100 Index, have surged over the past year, up over 19% due to data center growth. NextEra Energy is a key player in powering data centers, with partnerships with Meta Platforms and Google. The rise in data center capacity is expected to drive a 58% increase in U.S. power demand over the next 20 years.

NextEra Energy, the largest electric utility in the U.S., is well-positioned to benefit from the data center boom. The company has signed multiple power purchase agreements with tech giants and is developing solar and nuclear energy projects to support their operations. NextEra Energy’s focus on clean energy puts it in a prime position to fuel the data center explosion.

Investors are considering buying stock in NextEra Energy, given its strategic partnerships and potential for growth in the data center sector. While it wasn’t on the Motley Fool’s list of top 10 stocks, the company’s clean energy initiatives and collaborations with tech companies could lead to significant returns in the future.

Read more at Nasdaq: Forget Tech Stocks: The Energy Stock That’s Fueling the Data Center Explosion