The agreements with Vistra, TerraPower and Oklo, together with one signed with Constellation Energy last year, make Meta one of the top buyers of nuclear energy in the United States, Meta said in a Friday (Jan. 9) press release.
“State-of-the-art data centers and AI infrastructure are essential to securing America’s position as a global leader in AI,” Meta Chief Global Affairs Officer Joel Kaplan said in the release. “Nuclear energy will help power our AI future, strengthen our country’s energy infrastructure, and provide clean, reliable electricity for everyone.”
The agreement with TerraPower helps fund the development of two new Natrium reactor and energy storage systems and provides Meta with rights for energy from up to six other Natrium units, according to the release.
“This agreement with Meta is designed to support the rapid deployment of our Natrium technology that provides the reliable, flexible and carbon-free power our country needs,” TerraPower President and CEO Chris Levesque said in a Friday press release.
Meta’s agreement with Oklo supports the development of a new nuclear technology campus in Ohio and lays the foundation for building several Aurora Powerhouse reactors, per the Meta press release.
“Meta’s funding commitment in support of early procurement and development activity is a major step in moving advanced nuclear forward,” Oklo co-founder and CEO Jacob DeWitte said in a Friday press release.
The agreement with Vistra will see Meta buy energy from two operating nuclear power plants in Ohio and a third plant in Pennsylvania, providing those facilities with long-term support and ongoing investments, according to the Meta release.
“Importantly, this commitment from Meta provides Vistra the certainty needed to invest in these plants and communities and bring new nuclear generation online for the grid—through uprates at our existing plants,” Vistra President and CEO Jim Burke said in a Friday press release.
PYMNTS reported in November 2024 that the limitations of America’s outdated power grid threaten the competitiveness of U.S. tech firms.
In July, it was reported that Wall Street investment giants were buying utilities to benefit from the rising demand for electricity from data centers amid the AI boom.
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