Xcel Energy announced a $70 billion, five-year capital plan, including 9.2 GW of renewables and 2.3 GW of storage.

Xcel Energy announced a $70 billion capital-spending plan covering five years, according to Utility Dive. The announcement describes planned investment, not expenditure already incurred or financing already raised.

The plan includes 9.2 gigawatts of renewable generation capacity and 2.3 gigawatts of storage power capacity. The storage figure is not an energy-capacity measure: the supplied excerpt provides neither gigawatt-hours nor storage duration.

CEO Bob Frenzel presented the plan as a way to meet growing demand while pursuing environmental objectives. The available source does not specify the share of spending attributable to data centers, individual project approvals, annual spending allocations, or project commissioning dates.