San Francisco/New York/Washington — It spent millions to block homeowners from embracing solar panels, fought against hydropower, and pushed for an energy project next to a beloved national park. Its value competes with ExxonMobil’s. Its longtime CEO is a registered Republican.

Yet NextEra Energy, the world’s biggest investor-owned generator of wind and solar power, has emerged as an unlikely green giant with a knack for throwing its considerable weight behind initiatives and policies that are pushing the US into a future of zero-emissions electricity. Few companies appear better poised to benefit from the Joe Biden era...

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