MIT Leaders for Global Operations announces new industry partnership with NextEra Energy

Rhea-AI Summary

NextEra Energy (NEE) joins the MIT Leaders for Global Operations (LGO) program as a new industry partner, enhancing its commitment to sustainability and energy transition. MIT LGO, in collaboration with the MIT Sloan School of Management and MIT School of Engineering, offers an interdisciplinary dual degree program that includes internships. In 2020, NextEra invested over $14 billion in clean energy infrastructure. The partnership aims to leverage student talent for innovative energy solutions, starting with a project focused on electric vehicle adoption.

Positive

• NextEra Energy joins the MIT LGO program, gaining access to top talent for internships.
• The partnership emphasizes sustainability and energy transition, aligning with NextEra's focus.
• NextEra has invested over $14 billion in clean energy infrastructure in 2020.

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• None.

CAMBRIDGE, Mass., June 9, 2021 /PRNewswire/ -- The MIT Leaders for Global Operations (LGO) program announced today that NextEra Energy. Inc. (NYSE: NEE) —the world's largest electric utility holding company with a more than $100 billion market capitalization—has become the newest member of its industry partnerships. This addition brings the partner company total to 23—19 of which are in the Fortune 500 or Global Fortune 500. 

MIT LGO collaborates with the MIT Sloan School of Management and the MIT School of Engineering to deliver an interdisciplinary Engineering-MBA dual degree program. The two-year curriculum features internships at elite partner companies. MIT LGO students develop leadership skills for the pharmaceutical, manufacturing, geosciences, energy, high-tech, and global supply chain industries, among others.

Founded in 1925, NextEra Energy is the world's largest producer of wind and solar power. In 2020, the company invested more than $14 billion in clean energy infrastructure and more than $90 billion over the last decade, making it one of the largest capital investors across any industry in the U.S. over this period. NextEra Energy has two principal businesses: Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC. Headquartered in Juno Beach, Florida, NextEra Energy employs approximately 14,000 people across the United States and Canada.

"I am particularly excited to have NextEra Energy join the LGO partnership because of the huge interest among our students and faculty in sustainability and the energy transition," said Thomas Roemer, executive director of LGO and senior lecturer in Operations Management at MIT Sloan School of Management. "Our relationship with NextEra will allow students to apply the LGO toolkit to the complexity of the climate-energy challenge at scale. I am sure NextEra will attract top LGO talent for internships and full-time hiring—and that this is the start of a long, active collaboration."

NextEra Energy will launch its MIT LGO internship program this month with a focus on students researching, evaluating and discovering sustainable solutions in the energy industry.  The first NextEra-LGO project will be conducted by Gustavo Castillo (LGO '22), who is pursuing his Master of Science in Mechanical Engineering as well as his MBA. Gustavo will be challenged with analysing and creating models for the complex problem of EV vehicle adoption and infrastructure build out. The goal will be to both support demand and fuel accelerated growth with the potential of creating a virtuous cycle of innovation and adoption. 

"NextEra Energy is excited about building a terrific partnership with LGO because the program specifically seeks to train students who consider problems in an interdisciplinary manner and do so with intellectual rigor," said Deb Caplan, executive vice president, human resources and corporate services, NextEra Energy. "NextEra Energy believes, too, that LGO students and faculty offer the opportunity to access thought leadership from one of the world's leading institutions in energy research."

About the MIT Sloan School of Management
The MIT Sloan School of Management is where smart, independent leaders come together to solve problems, create new organizations, and improve the world. Learn more at mitsloan.mit.edu.

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SOURCE MIT Sloan School of Management

FAQ

What is the significance of NextEra Energy joining the MIT LGO program?

NextEra Energy's partnership with MIT LGO enhances its focus on sustainability and provides access to top talent for internships.

How much has NextEra Energy invested in clean energy infrastructure?

In 2020, NextEra Energy invested over $14 billion in clean energy infrastructure.

What are the goals of the partnership between NextEra Energy and MIT LGO?

The partnership aims to leverage student talent for innovative energy solutions, particularly in electric vehicle adoption.

What does the MIT LGO program offer?

The MIT LGO program offers an interdisciplinary Engineering-MBA dual degree and internships at elite partner companies.