What's Happening?
Meta has announced a series of agreements with Vistra, Oklo, and TerraPower to secure up to 6.6 gigawatts (GW) of nuclear power capacity by 2035. This move is part of Meta's strategy to support its AI
infrastructure with firm, carbon-free energy. The deals include long-term power purchase agreements and the development of advanced nuclear reactors. Vistra will provide over 2.6 GW of nuclear capacity from its plants in Ohio and Pennsylvania, while Oklo will develop a 1.2 GW Aurora fast-reactor campus in Ohio. TerraPower plans to deploy up to eight Natrium reactors, adding 2.8 GW of capacity. These projects aim to preserve existing nuclear capacity, add new generation to regional grids, and shift project risks to Meta as a major customer.
Why It's Important?
This initiative by Meta represents one of the largest corporate nuclear procurement efforts in U.S. history, highlighting the growing role of big tech in supporting clean energy infrastructure. By investing in nuclear power, Meta aims to ensure reliable and sustainable energy for its data centers, which are crucial for AI operations. The agreements are expected to create thousands of jobs and support the U.S. nuclear supply chain. Additionally, these projects could help stabilize electricity prices and enhance grid reliability, benefiting both Meta and the broader energy market.
What's Next?
The projects will require regulatory approvals, including license renewals for existing plants and construction permits for new reactors. Meta's involvement is expected to provide financial certainty for these developments, enabling the companies to raise capital and proceed with construction. The first phases of the projects are slated to begin in the late 2020s, with full capacity expected by 2035. As these projects progress, they could serve as a model for other corporations looking to invest in clean energy solutions.
