The global economy needs to invest trillions of dollars over the coming decades to build out renewable energy and storage capacity and drive the extinction of carbon-emitting fossil fuels. Last year's passage of the Inflation Reduction Act is "transformational for our industry and business," according to John Ketchum, the CEO of NextEra Energy Partners and its parent NextEra Energy (NYSE: NEE). Brookfield has over 110 gigawatts (GW) of renewable power projects in various stages of development, enough to supply all of Canada's home electricity needs for a year.