43 Sources
[1]
Meta buys a nuclear power plant (more or less) | TechCrunch
Meta announced Tuesday morning that it was paying billions of dollars to keep an Illinois nuclear power plant running through 2047. The social media company will buy all the "clean energy attributes" of Constellation Energy's Clinton Clean Energy Center, a 1.1 gigawatt nuclear power plant in
[2]
Meta Is Going Nuclear to Fuel Its Energy-Hungry AI Ambitions
Facebook and Instagram parent Meta will soon start drawing on nuclear energy to support its AI efforts. Meta has signed a 20-year contract with power giant Constellation Energy to keep an Illinois nuclear power plant running to power the tech giant's data centers. Nuclear energy from the Clinton
[3]
Meta's going to revive an old nuclear power plant
Meta and energy company Constellation announced the deal today, which helps the plant expand its operations while Meta uses it to try to shrink its carbon footprint. It's the latest in a flood of recent partnerships between Big Tech and the nuclear energy industry, and part of a larger strategy
[4]
Meta's Deal for Nuclear Power Is Likely Cheaper Than Microsoft's, Jefferies Says
Surging demand for power to run artificial intelligence just prompted Meta Platforms Inc. to enter a 20-year contract with the biggest US nuclear operator, penning a deal that's likely to be priced at a cheaper rate than a similar agreement rival Microsoft Corp. entered last year. The parent
[5]
Constellation, Meta ink deal to keep IL nuclear plant online
The 20-year deal with Constellation will slake Zuckercorp's thirst for energy to power AI datacenters Meta has signed a 20-year deal with Constellation Energy to keep the lights on at an Illinois nuke plant that was facing an uncertain future once state subsidies dry up in 2027. The deal,
[6]
Facebook Owner Meta to Buy Nuclear Power From Constellation as AI Demand Soars
Constellation Energy Corp. agreed to sell power from an operating Illinois nuclear plant to Meta Platforms Inc., a deal that could spur construction of a new reactor at the site as artificial intelligence sends power demand soaring. The parent company of Facebook, Instagram and WhatsApp signed a
[7]
Meta's Nuclear Deal Underscores the Looming Gap for AI's Power Needs
Meta Platforms Inc.'s flashy deal this week for nuclear power was just the latest sign of the technology industry's need for more energy -- and fast. And while the top US reactor companies are eager to sign more contracts, the big question remains: Will new generation come online quickly
[8]
Meta signs power agreement with Constellation nuclear plant
June 3 (Reuters) - Meta Platforms (META.O), opens new tab on Tuesday said it has struck an agreement with Constellation Energy (CEG.O), opens new tab to keep one of the utility's reactors in Illinois operating for 20 years, in the Big Tech company's first such deal with a nuclear power plant. WHY
[9]
Meta's nuclear deal signals AI's growing energy needs
Meta's deal to help revive an Illinois nuclear power plant was one way of signaling that the parent company of Facebook and Instagram is preparing for a future built with artificial intelligence. Meta's 20-year deal with Constellation Energy follows similar maneuvers from Amazon, Google and
[10]
Meta signs multi-decade nuclear energy deal to power its AI data centers
The partnership with Constellation energy provides long-term security for an existing plant in southern Illinois. Meta has signed a 20-year agreement with Constellation Energy that will allow it to purchase nuclear power supplied by the Clinton Clean Energy Center in southern Illinois. To help
[11]
Meta signs nuclear power deal with Constellation Energy
A cyclist rides past the Meta sign outside the headquarters of Facebook parent company Meta Platforms in Mountain View, California, on Nov. 9, 2022. Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry
[12]
Meta becomes the latest big tech company turning to nuclear power for its AI needs
WASHINGTON (AP) -- Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook's parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The
[13]
Meta signs 20-year nuclear deal to power AI and save Illinois plant
Meta has signed a 20-year agreement with Constellation Energy to secure nuclear power from the Clinton Clean Energy Center in Illinois. The deal ensures continued operation of the plant beyond 2027, when Illinois' zero-emissions credit program expires. It also marks Meta's first long-term nuclear
[14]
Meta signs agreement with nuclear plant to power AI and datacenters for 20 years
Meta on Tuesday said it had struck an agreement to keep one nuclear reactor of a US utility company in Illinois operating for 20 years. Meta's deal with Constellation Energy is the social networking company's first with a nuclear power plant. Other large tech companies are looking to secure
[15]
Meta goes nuclear to power AI with clean electrons
Why it matters: It's a big addition to a hot power trend -- big tech looking to reactors big and small to meet AI's electricity thirst with zero-carbon energy. Driving the news: The companies announced a 20-year power purchase agreement for the 1.1-gigawatt Clinton Clean Energy Center in
[16]
Meta basically just bought a nuclear power plant
Facility will provide 1,121 megawatts of "emissions-free nuclear energy" Meta has revealed a deal to prop up a nuclear power plant over the next 20 years in what it says is a bid to power the continued demand for AI. The Clinton Clean Energy Center in Illinois, owned by Constellation Energy, was
[17]
Meta makes a 20-year nuclear deal with Constellation Energy in AI power play
Meta said the deal, set to begin in 2027, will supply 1,121 megawatts of electricity, preserve more than 1,100 local jobs, and inject $13.5 million annually into the local economy, without requiring state subsidies. "We are proud to partner with Meta because they asked that important question, and
[18]
Meta becomes the latest big tech company turning to nuclear power for AI needs
Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook's parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The agreement announced
[19]
Mark Zuckerberg saves nuclear plant from closure with 20-year power deal
Mark Zuckerberg's Meta has saved a nuclear plant from closure as the Facebook-owner races to secure more power to fuel its artificial intelligence (AI) ambitions. The technology giant has signed a deal with US nuclear operator Constellation Energy to buy energy from its Clinton Clean Energy Center
[20]
Meta and Constellation sign 20-year nuclear power deal in Illinois to power AI
Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook's parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The agreement announced
[21]
Meta becomes latest tech giant to go nuclear to power AI ambitions
Meta is the latest tech giant to strike a deal with a US energy corporation to power its next-generation artificial intelligence (AI). Meta has signed a 20-year nuclear power deal to meet the surging power demand for its artificial intelligence (AI) needs. Meta's joint investment with
[22]
Meta inks 20-year nuclear power deal with Constellation Energy - SiliconANGLE
Meta inks 20-year nuclear power deal with Constellation Energy Meta Platforms Inc. has signed a 20-year deal to buy nuclear power from Constellation Energy Corp., the largest producer of carbon-free electricity in the U.S. The companies announced the agreement today. Constellation won a similar
[23]
Powering AI: Here's what to know about Meta's new nuclear deal with Constellation Energy
Meta has signed a 20-year deal with Constellation Energy to keep open its Clinton Clean Energy Center nuclear facility in Illinois, a move that will help feed the tech giant's enormous power needs in the artificial intelligence era. The deal takes effect June 2027, right as Illinois's
[24]
Meta's nuclear deal signals AI's growing energy needs
Meta's deal to help revive an Illinois nuclear power plant was one way of signaling that the parent company of Facebook and Instagram is preparing for a future built with artificial intelligence. Meta's 20-year deal with Constellation Energy follows similar maneuvers from Amazon, Google and
[25]
Meta signs 20-year nuclear energy deal to power AI
Meta has inked a deal to keep an Illinois nuclear power plant running for the next 20 years so it can power its artificial intelligence and data center ambitions. The deal sees the tech giant purchasing 1.1 gigawatts of power from nuclear power provider Constellation from its Clinton Clean Energy
[26]
Why Meta just bet big on nuclear
Meta announced on June 3 a 20-year agreement with Constellation to purchase 1.1 gigawatts of power from the Clinton Clean Energy Center in southern Illinois, aiming to support Meta's AI and data center operations beginning in 2027. Meta stated the agreement acknowledges "the immense value of
[27]
Meta becomes the latest big tech company turning to nuclear power for AI needs
WASHINGTON -- Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook's parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The agreement
[28]
Meta to buy nuclear power from Constellation as AI demand soars
Gift 5 articles to anyone you choose each month when you subscribe. Constellation Energy agreed to sell power from an Illinois nuclear plant to Meta Platforms as artificial intelligence sends power demand soaring. The parent company of Facebook, Instagram and WhatsApp signed a 20-year contract to
[29]
Meta becomes the latest big tech company turning to nuclear power for its AI needs
WASHINGTON (AP) -- Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook's parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The
[30]
Meta's Nuclear Deal Signals AI's Growing Energy Needs
Meta's deal to help revive an Illinois nuclear power plant was one way of signaling that the parent company of Facebook and Instagram is preparing for a future built with artificial intelligence. Meta's 20-year deal with Constellation Energy follows similar maneuvers from Amazon, Google and
[31]
Meta Becomes the Latest Big Tech Company Turning to Nuclear Power for AI Needs
Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook's parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The agreement announced
[32]
Meta signs 20-year nuclear deal to power AI, datacenters
Meta has secured a 20-year deal to utilize nuclear power for artificial intelligence (AI) and other technology developments, the Facebook and Instagram parent company announced Tuesday. The deal with Constellation Energy makes Meta the latest of numerous technology companies to turn to nuclear
[33]
Meta Becomes the Latest Big Tech Company Turning to Nuclear Power for Its AI Needs
WASHINGTON (AP) -- Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook's parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The
[34]
Meta Goes Nuclear to Fuel Its Massive AI Ambitions
Meta recognizes this. On Tuesday, the Facebook parent signed a 20-year deal to buy nuclear power from Constellation Energy, following the lead of its Magnificent Seven counterparts Microsoft, Google and Amazon. Shares of Constellation surged on the initial news but closed the trading session down
[35]
Constellation Energy, Nuclear Stocks Jump on 20-Year Meta Deal to Power AI
Nuclear power stocks NuScale Power, NuScale, and Oklo are jumping on the back of the Meta deal announced Tuesday. Constellation Energy (CEG) shares are surging in early trading Tuesday after the company said it had struck a 20-year deal to sell nuclear power to Meta Platforms (META), in the latest
[36]
Meta's nuclear deal signals AI's growing energy needs
Meta's 20-year deal with Constellation Energy follows similar maneuvers from Amazon, Google and Microsoft, but it will take years before nuclear energy can meet the tech industry's insatiable demand for new sources of electricity.Meta's deal to help revive an Illinois nuclear power plant was one
[37]
Meta signs power agreement with Constellation nuclear plant
The deal could serve as a model for other Big Tech companies to support existing nuclear while they also plan to power data centers with new nuclear and other energy sources. Urvi Parekh, head of global energy at Meta, said, "One of the things that we hear very acutely from utilities is they want
[38]
Meta's nuclear power deal sends Constellation Energy stock soaring 10% after massive 20-year deal
Constellation Energy stock is soaring after Meta Platforms signed a 20-year deal to buy 1.1 gigawatts of nuclear energy from its Clinton Clean Energy Center starting in 2027. This move helps keep the Illinois plant open and supports Meta's clean energy goals. It's a major shift showing how tech
[39]
Constellation Energy Signs 20-Year Deal With Meta, Stock Surges - Meta Platforms (NASDAQ:META), Constellation Energy (NASDAQ:CEG)
Constellation Energy Corp CEG and Meta Platforms META announced on Tuesday that they had inked a 20-year power purchase agreement (PPA). The PPA will support Meta's clean energy goals and regional operations with 1,121 megawatts of emissions-free nuclear energy. Constellation Energy stock gained
[40]
Meta Platforms Is Going Nuclear to Power its AI Technologies | The Motley Fool
Meta Platforms (META -0.54%) is building artificial intelligence (AI) technologies that have the power to transform the global economy. This powerful technology requires a tremendous amount of energy to thrive. Some AI data centers use more electricity than an entire city. That's leading Meta
[41]
Meta signs 20-year nuclear power deal as tech giants continue...
Meta signed a 20-year deal with a nuclear plant in Illinois, becoming the latest tech giant to partner with the industry to power an expansion into artificial intelligence. Starting in June 2027, Meta will fund approximately 1.1 gigawatts of energy from Constellation Energy's Clinton Clean Energy
[42]
Meta becomes the latest big tech company turning to nuclear power for its AI needs
WASHINGTON -- Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook's parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The agreement
[43]
Meta Platforms : and Constellation Partner on Clean Energy Project
Nuclear energy from the project will be used to support Meta's operations in the region. In addition, we continue to advance our previously announced nuclear request for proposals (RFP) process, and are in final discussions with a shortlist of potential projects to meet our 1-4 gigawatt target. At
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Meta has signed a multi-billion dollar agreement with Constellation Energy to keep the Clinton Clean Energy Center nuclear power plant operational, securing a long-term clean energy source for its growing AI and data center needs.
Meta, the parent company of Facebook, Instagram, and WhatsApp, has made a significant move in the energy sector by signing a 20-year contract with Constellation Energy. This multi-billion dollar deal aims to keep the Clinton Clean Energy Center, a 1.1 gigawatt nuclear power plant in central Illinois, operational through 2047
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Source: Fast Company
Under this agreement, Meta will purchase all the "clean energy attributes" of the Clinton plant starting in June 2027. While the electricity will continue to flow to the local grid, Meta's investment is a form of carbon accounting to lower its overall climate impact
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. The deal is expected to replace Illinois' zero-emission credit program, ensuring the plant's long-term operation without ratepayer support5
.Meta's decision is closely tied to its growing AI initiatives. The company recognizes nuclear power as a reliable source of firm electricity to support its future energy needs in advancing AI
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. This move aligns with the surge in AI and cloud computing that has led tech companies to seek substantial power sources1
.While exact financial terms weren't disclosed, analysts estimate that Meta will likely pay about $80 per megawatt hour for energy from the Clinton plant
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. This rate is believed to be more competitive than similar agreements made by other tech giants, such as Microsoft's deal with Constellation for the Three Mile Island reactor5
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Source: ET
The deal is expected to prevent 34 million metric tons of additional carbon pollution over 20 years, equivalent to removing 7.4 million gas-powered cars from the road for a year
5
. Meta is also exploring opportunities to fund between 1 and 4 gigawatts of new nuclear power in the United States, having received over 50 qualified submissions from more than 20 states1
.Related Stories
Despite this significant investment in nuclear energy, Meta faces criticism for its simultaneous plans to build its largest-ever data center in Louisiana, powered by natural gas turbines
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. This decision raises questions about the company's commitment to clean energy and its ability to offset emissions from its expanding operations.
Source: Motley Fool
Meta's nuclear deal is part of a larger trend among tech giants investing in nuclear power. Companies like Amazon, Google, and Microsoft have also announced plans for nuclear projects to meet their growing energy demands
2
. This shift towards nuclear energy is driven by the need for reliable, carbon-free power sources to support the rapidly expanding AI and data center industry.Summarized by
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