Why is Meta Platforms investing in nuclear energy?

Meta is investing in nuclear energy to secure long-term electricity supplies for its expanding data centers and artificial intelligence operations.

What are Meta's nuclear power agreements?

Meta has agreements for 20-year power purchases from three existing plants and is co-developing small modular reactors with other companies.

When will Meta's new nuclear projects be operational?

Some small modular reactor projects are expected to generate power as early as 2030 or 2032, with further capacity by 2035.

Home / Business and Economy / Meta Powers Up With Nuclear Energy Deals

Meta Powers Up With Nuclear Energy Deals

9 Jan

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Summary

Meta secured 20-year deals for nuclear power from three plants.
The company will also develop small modular reactors.
Meta aims to provide up to 6.6 gigawatts of nuclear power by 2035.

Meta Powers Up With Nuclear Energy Deals

Meta Platforms has significantly expanded its commitment to nuclear energy by securing 20-year power purchase agreements for three Vistra nuclear plants located in Ohio and Pennsylvania. These agreements are expected to support the expansion and extend the operational life of these facilities, ensuring power through at least 2036 and potentially beyond.

Beyond existing infrastructure, Meta is also investing in the future of nuclear power by agreeing to help develop small modular reactors (SMRs) with companies like Oklo and TerraPower. This initiative aims to bring new nuclear energy sources online, with potential power generation as early as 2030 and 2032.

Collectively, these initiatives position Meta as a major corporate purchaser of nuclear energy in the United States. The company anticipates securing up to 6.6 gigawatts of nuclear power capacity by 2035, a crucial step in meeting the escalating energy demands of its AI and data center operations.