US power grid builders see profits surge

US power grid builders see profits surge

Companies building and operating US power grid infrastructure are enjoying a profit boom. NextEra Energy, the country’s largest power provider by market cap, reported that its net income for the second quarter nearly doubled from a year ago, largely driven by surging demand for data center power. And GE Vernova, one of the world’s top manufacturers of hardware for power plants and electric grids, saw its share price hit a record high this week a…