Meta Expands Nuclear Power Investments with Strategic Agreements

Procuring Nuclear Energy for AI and Data Center Expansion

Meta has solidified its future energy plans by forming three pivotal agreements to secure nuclear power aimed at fortifying its AI infrastructure and supporting the new Prometheus supercluster, a burning ambition to create a 1-gigawatt data facility in Ohio. The social media frontrunner collaborates with power firms Vistra, TerraPower, and Oklo to anticipate a generation capacity bump up to 6.6 gigawatts by the year 2035.

In collaboration with TerraPower, Meta is financing the construction of two innovative reactors poised to yield up to 690 megawatts by 2032. Moreover, this deal facilitates Meta's entitlement to energy production from six additional reactors, potentially generating another 2.1 gigawatts by 2035. TerraPower's advanced 'Natrium' reactors are key to this, utilizing sodium in place of water as a cooling agent.

Meta’s agreement with Oklo promises an earlier enhancement, bringing online 1.2 gigawatts of nuclear power by as soon as 2030. The agreement may pave the way for multiple Oklo reactors, contributing to thousands of new jobs in the construction and operational spheres in Ohio. Among Oklo's primary stakeholders is Sam Altman, CEO of OpenAI, with ownership exceeding a 4% stake in the enterprise.

Enhancing Existing Nuclear Facilities with Vistra

The collaboration with Vistra is centered on sustaining and amplifying the output from current nuclear plants. Under new two-decade contracts, Meta will procure more than 2.1 gigawatts of power from Vistra's facilities based in Ohio and intends to enhance capacity further at these locations, as well as an additional site in Pennsylvania. This expansion, projected to add 433 megawatts, is expected to be operational in the early 2030s.

Nuclear Power: Fueling the Tech Sector's Future

Tech giants are increasingly harnessing nuclear energy to fulfill their AI-driven objectives. In line with this trend, Meta, last year, concluded a 20-year contract with Constellation Energy specifically for nuclear sourcing. Simultaneously, Microsoft has made headlines by reopening Three Mile Island, with plans to be its exclusive client throughout their extensive 20-year agreement.