Meta signs massive nuclear power deals with Gates and Altman-backed firms for AI data centers

Meta expands nuclear power ambitions to include Bill Gates' startup

Meta has forged agreements with three nuclear power providers in an effort to secure the vast amount of electricity it needs to power AI data centers. The agreements with TerraPower (which is backed by Bill Gates), Oklo (backed by Sam Altman), and Vistra are expected to deliver 6.6 gigawatts of energy for Meta's projects by 2035 -- which is enough energy to power Ireland. These AI projects include Prometheus, the first of several supercluster computing systems, which is expected to come online in New Albany, Ohio, sometime this year. Meta is funding the construction of new nuclear reactors as part of the agreements, the first of which may come online "as early as 2030." These announcements are part of Meta's ongoing goal to support its future AI operations with nuclear energy, having previously signed a deal with Constellation to revive an aging nuclear power plant last year.

Meta Signs Multi-Gigawatt Nuclear Deals to Power AI Data Centers

Meta Platforms Inc. agreed to a series of electricity deals to power data centers that will make it the biggest buyer of nuclear power among its hyperscaler peers. The agreements could end up totaling more than 6 gigawatts, enough to power a city of about 5 million homes. While Meta didn't disclose the value of the contracts, agreements of this size can easily represent billions of dollars in total revenue for electricity generators. The deals underscore Big Tech's scramble to secure energy amid the intensifying battle for artificial intelligence dominance. Meta said Friday it will purchase electricity from three existing Vistra Corp. plants and support several small reactors that Sam Altman-backed Oklo Inc. and Bill Gates-backed TerraPower LLC are planning to build over the next decade. Those deals follow a separate June agreement to get energy from a Constellation Energy Corp. nuclear site. Vistra's shares were up about 14% before trading opened in New York on Friday. Oklo's shares gained about 18%. While surging US power demand for data centers has helped revive appetite for nuclear energy, hyperscalers that long pledged to go green have recently considered or pursued deals with natural gas-fired plants -- generators that are usually much easier and swifter to build. Nuclear projects often take a decade to develop and build, whereas data centers can be operational far quicker, creating a more urgent need for energy. Explainer: How the Data Center Boom Tests Grids, Capital Markets In 2024, Microsoft Corp. and Brookfield Asset Management's green energy arm signed the biggest corporate clean-energy purchase agreement ever announced, involving more than 10.5 gigawatts of renewable energy capacity. That deal was estimated at the time to be worth as much as $17 billion. US power usage is expected to climb at least 30% by 2030, with most of the new demand coming from data centers, according to a recent report from energy consulting firm Grid Strategies. But power suppliers are struggling to keep up, and electricity has become one of the most significant bottlenecks for developing artificial intelligence. Even with tech firms' recent deals with gas-fired plants, they're still keen for nuclear power that's clean and can provide round-the-clock energy. Amazon.com Inc., Alphabet Inc. and Microsoft have all signed deals to tap power from nuclear reactors. Those plans have now been dwarfed by Meta's efforts. Urvi Parekh, Meta's head of global energy, said that the agreements announced Friday seek to address concerns about the shuttering of existing nuclear power plants, and reflect the need for early investment to spur new nuclear power. "There isn't a one size fits all approach that's gonna get us to where the US needs to go in order for nuclear to be a material part of the energy mix," Parekh said in an interview, noting that the company remains committed to "low-carbon energy." Get the Tech Newsletter bundle. Get the Tech Newsletter bundle. Get the Tech Newsletter bundle. Bloomberg's subscriber-only tech newsletters, and full access to all the articles they feature. Bloomberg's subscriber-only tech newsletters, and full access to all the articles they feature. Bloomberg's subscriber-only tech newsletters, and full access to all the articles they feature. Bloomberg may send me offers and promotions. Plus Signed UpPlus Sign UpPlus Sign Up By submitting my information, I agree to the Privacy Policy and Terms of Service. Meta's new deals follow Chief Executive Officer Mark Zuckerberg's repeated pledges to spend hundreds of billions of dollars through the end of the decade on AI and the infrastructure needed to support it. His most significant infrastructure projects include "Prometheus," a 1-gigawatt data center cluster in New Albany, Ohio, which is expected to come online this year, and "Hyperion," a rural Louisiana-based project that may scale to 5 gigawatts and come online in 2028. The Hyperion project, expected to be Meta's largest AI-focused data center, is going to be powered by at least three natural gas plants. Its utility, Entergy Corp., has applied to connect more natural gas generation to the grid as Meta seeks to scale the project. The nuclear deals announced Friday will also help to power the Ohio-based Prometheus project. Meta declined to comment on the financial terms of the agreements. "If we are unable to generate more electricity, that could hurt the ability of AI to grow faster," Parekh said. "The big picture is about ensuring that we have more solutions as AI continues to grow instead of having constraints on what options and what technologies can be added to the grid." Under the agreement with Vistra, Meta will buy energy from the Davis-Besse and Perry reactors in Ohio, including more than 2.1 gigawatts of operating generation. It will also get an additional 433 megawatts of energy from improvements that are planned to boost output from those two plants and from its Beaver Valley facility in Pennsylvania. The Vistra nuclear plants will continue to supply the largest US grid operated by PJM Interconnection LLC, which serves more than 67 million people from the Midwest to the mid-Atlantic. In a separate deal with Oklo, Meta will get up to 1.2 gigawatts of capacity from reactors that Oklo is planning to build in Ohio, with the first going into service as early as 2030. Oklo is developing a 75-megawatt reactor, though it still needs approval from federal regulators. The agreement with Meta also includes a prepayment, primarily to help Oklo procure fuel. Meta has also agreed to support development of two reactors by TerraPower capable of generating up to 690 megawatts with delivery as early as 2032. Meta also secured the rights for energy from up to six other future reactor projects that together would total 2.1 gigawatts of power. Zuckerberg last year told investors that he sees more risk posed to his company by under-spending on AI infrastructure than he does by overspending on it. His strategy is to "aggressively front-load building capacity" in preparation for a landmark moment where Meta reaches its goal of "superintelligence," a term describing AI that outperforms humans at many tasks. "It's clear that nuclear energy has to be a big part of meeting the demand for power from AI," TerraPower CEO Chris Levesque said in an interview.

Meta announces a slew of nuclear energy agreements

Meta has three new agreements to purchase nuclear power for its AI infrastructure as well as the , a 1-gigawatt data center being built in Ohio. The social media giant is partnering with power companies Vistra, TerraPower and Oklo to deliver an expected 6.6 gigawatts of generation to its projects by 2035. The company's agreement with TerraPower will fund the development of two new reactors capable of delivering up to 690 megawatts of power as early as 2032. The deal also gives Meta rights to energy from six other reactors that could deliver an additional 2.1 gigawatts by 2035. All this power would come from TerraPower's , which use sodium instead of water as a coolant. A partnership with Oklo will bring 1.2 gigawatts of nuclear power online as early as 2030. Meta says the agreement opens the door to the construction of multiple Oklo reactors, which it claims will create thousands of construction and long-term operations jobs in Ohio. OpenAI CEO Sam Altman is one of Oklo's largest investors, and owns of the company. Meta's agreement with Vistra focuses on keeping existing nuclear plants running longer and boosting their output. Through new 20-year deals, Meta will buy more than 2.1 gigawatts of electricity from some of Vistra's existing plants in Ohio, while also backing added capacity at those sites, plus another in Pennsylvania. Vistra expects the added capacity, totaling 433 megawatts, to come online in the early 2030s. Big tech is increasingly turning to nuclear to power its AI ambitions. Meta signed a with Constellation Energy for nuclear power last year. Meanwhile Microsoft is famously and will be the plant's sole customer as part of a 20-year deal.

Meta signs nuclear energy deals to power Prometheus AI supercluster

Meta on Friday announced agreements with three nuclear power providers, including one backed by OpenAI CEO Sam Altman, as part of its efforts to secure necessary resources for its AI ambitions. The arrangements with Vistra, TerraPower and Oklo, which are all working on nuclear power technologies, are for Meta's Prometheus supercluster computing system that's being built at a data center in New Albany, Ohio. No financial terms were disclosed. Meta CEO Mark Zuckerberg announced Prometheus in July, describing the system as one of the keys to the development of the company's advanced artificial intelligence efforts. Meta has said it expects Prometheus to come online sometime in 2026. In working with the three companies on energy production, Meta said the projects should add 6.6 gigawatts of power by 2035, exceeding the total demand of New Hampshire. "State-of-the-art data centers and AI infrastructure are essential to securing America's position as a global leader in AI," Meta policy chief Joel Kaplan said in a statement. The company said it will help fund Vistra's nuclear power plants in Ohio and Pennsylvania, extending the lifespan of those facilities and increasing their energy production. The other two companies' nuclear projects are still being developed. Meta expects the agreements to create "thousands of construction jobs and hundreds of long-term operational jobs." The deals mark the latest efforts by Meta to secure the energy needed to power its AI infrastructure as the company marches toward Zuckerberg's goal of developing superintelligence, a term used to describe AI that can greatly exceed the capabilities of humans on numerous tasks. Meta's megacap rivals are also looking to nuclear power to help fuel their AI work. Meta, Amazon and Google signed a pledge in March supporting the tripling of global nuclear energy production by 2050. In June, Meta announced a 20-year agreement with Constellation Energy so it could purchase purchase nuclear power from the company's Clinton Clean Energy Center in Illinois beginning in 2027. Meta's deal with TerraPower will provide funding for two of the energy company's nuclear projects that are under development and could begin generating power by 2032, according to Friday's announcement. Meta said it could obtain rights for more energy from up to six of TerraPower's other nuclear energy projects that are targeted for delivery by 2035. Meanwhile, Oklo's advanced nuclear technology campus is expected to come online as soon as 2030 in Pike County, Ohio, Meta said. OpenAI's Altman is one of Oklo's biggest investors, owning a 4.3% stake worth about $650 million as of Thursday's close, according to FactSet. Oklo went public in 2024 through a special purpose acquisition company that Altman co-founded. Altman stepped down as chairman of Oklo's board in April as a way to help the company secure more customers with companies that compete with OpenAI.

Meta signs three nuclear power deals to help support its AI data centers

Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers. Meta struck agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI data center that is being built in New Albany, Ohio. Meta announced Prometheus, which will be a 1-gigawatt cluster spanning across multiple data center buildings, in July. It's anticipated to come online this year. Financial terms of the deals with TerraPower, Oklo and Vistra were not disclosed. The Mark Zuckerberg-led Meta said in a statement on Friday that the three deals will support up to 6.6 gigawatts of new and existing clean energy by 2035. "These projects add reliable and firm power to the grid, reinforce America's nuclear supply chain, and support new and existing jobs to build and operate American power plants," the company said. Meta said its agreement with TerraPower will provide funding that supports the development of two new Natrium units capable of generating up to 690 megawatts of firm power with delivery as early as 2032. The deal also provides Meta with rights for energy from up to six other Natrium units capable of producing 2.1 gigawatts and targeted for delivery by 2035. Meta will also buy more than 2.1 gigawatts of energy from two operating Vistra nuclear power plants in Ohio, in addition to the energy from expansions at the two Ohio plants and a third Vistra plant in Pennsylvania. The deal with Oklo, which counts OpenAI's Sam Altman as one of its largest investors, will help to develop a 1.2 gigawatt power campus in Pike County, Ohio to support Meta's data centers in the region. The nuclear power agreements come after Meta announced in June that it reached a 20-year deal with Constellation Energy.

Seattle-area nuclear company TerraPower signs deal with Meta for up to 8 reactors

TerraPower, a Bill Gates-backed next-gen nuclear company, on Friday announced a deal with Meta to build up to eight small modular reactors in the U.S. with the first coming online as soon as 2032. Tech companies have been aggressively pursuing new clean energy solutions as they race to build power-hungry data centers that support burgeoning AI services. TerraPower's deal with Meta will provide the tech giant with up to 2.8 gigawatts of energy using its Natrium nuclear technology. The facilities include an energy storage system, which can provide shorter-term bursts of power that bring the total output to 4 gigawatts. The contract with the Bellevue, Wash.-based company marks Meta's largest single nuclear deal to date. The companies did not indicate where the reactors would be built. "To successfully address growing energy demand, we must deploy gigawatts of advanced nuclear energy in the 2030s. 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," Chris Levesque, TerraPower president and CEO, said in a statement. Meta's broader nuclear play Meta's announcement includes additional partnerships with Vistra and Oklo: * Vistra operates the Perry and Davis-Besse plants in Ohio and the Beaver Valley plant in Pennsylvania. The arrangement will extend the lifespan of these reactors and increase their energy production. Meta will purchase more than 2.1 gigawatts of electricity from the facilities. * Oklo is a Sam Altman-backed company developing small modular reactors with a project being built in Pike County, Ohio. The reactors are expected to begin operating as soon as 2030 and contribute up to 1.2 gigawatts to the grid. Meta in June signed a deal with Constellation that supports the relicensing and extends the operations of its nuclear plant in Illinois. "Our agreements with Vistra, TerraPower, Oklo, and Constellation make Meta one of the most significant corporate purchasers of nuclear energy in American history," said Joel Kaplan, Meta's chief global affairs officer, in a statement. The tech sector has come under increased scrutiny for the utility ratepayer and environmental impacts of its scramble for power. Three Democratic senators last month sent letters to Amazon, Microsoft, Google, Meta and three data center firms informing them of an investigation into their effects on residential power bills. Meta addressed these concerns in announcing the new partnerships. "This work builds on our ongoing collaboration with electric utility companies and power providers to plan for and meet our energy needs years in advance of our data centers becoming operational. We pay the full costs for energy used by our data centers so consumers don't bear these expenses, and we support the broader grid through our energy agreements," the company stated. Amazon and Microsoft are likewise pursuing nuclear energy. * Amazon is partnering with X-energy and others to build a nuclear facility in Richland, Wash., near the state's only operational nuclear plant. * In 2024, Microsoft signed a 20-year deal to restart a nuclear reactor at Pennsylvania's Three Mile Island -- a facility made infamous by a partial meltdown in 1979. TerraPower's progress TerraPower is currently building its first commercial reactor in Kemmerer, Wyo., and plans to start splitting atoms by 2030. The reactor is located near a retiring coal plant. In December, the company said it completed a key regulatory milestone, passing the Nuclear Regulatory Commission staff's final safety evaluation for its permit. Additional permitting hurdles remain, but the company hopes to be the first to deploy a utility-scale, next-gen reactor in the U.S. The company launched in 2006 and is building on technology used in an experimental breeder reactor in Idaho that operated for nearly 30 years before shutting down. Its Natrium reactor includes technology from TerraPower and GE Vernova Hitachi Nuclear Energy. In June TerraPower disclosed $650 million in new funding from Gates, who helped start TerraPower, as well as the venture arm of chip giant NVIDIA. It previously raised more than $1 billion, including investments from Gates as well as South Korea-based SK Inc. and SK Innovation, according to PitchBook. TerraPower has additionally been awarded roughly $2 billion from the U.S. Department of Energy.

Meta unveils nuclear deal plans with three companies

Why it matters: It's the latest sign of big tech companies looking to nuclear as they seek electrons for building and using AI models. * The tech giant said the combined plans will "support" up to 6.6 gigawatts of current and new generation by 2035. Driving the news: There are 20-year power purchase deals with power giant Vistra's Perry and Davis-Besse plants in Ohio, and support for expanding generation -- called "uprates" -- from those two and Vistra's Beaver Valley plant in Pennsylvania. * The energy from those plants flows into the PJM grid, but these kinds of deals with tech giants help support longer lifespans for these decades-old reactors. On the advanced reactor front, Meta is funding Bill Gates-founded TerraPower's commercialization of its Natrium reactor. * It's helping finance two units that can provide a combined 690 MW of power with delivery as early as 2032, it said. * Meta also has "rights" for energy from up to six other Natrium units "capable of producing 2.1 GW and targeted for delivery by 2035," it said. What's next: A separate partnership with Sam Altman-backed small reactor firm Oklo will help advance plans to build an "advanced nuclear technology campus" in southern Ohio's Pike County. * It would start coming online as soon as 2030 and provide up to 1.2GW. It too would power the PJM grid, a region where Meta has operations. Yes, but: The announcements didn't provide any specific funding information. * But Meta said deals mean Oklo and TerraPower "have greater business certainty" and "can raise capital to move forward with these projects." Flashback: Friday's news comes after Meta and Constellation signed a 20-year deal last year for Meta to buy nearly 1.1 gigawatts of nuclear power from Constellation's plant in Illinois. And Meta is just one of tech heavyweights backing nuclear. * Google signed a deal with Kairos Power to buy power from a new fleet of advanced reactors to supply its data centers. * Amazon has partnered with Energy Northwest and Dominion Energy to develop nuclear. * Microsoft committed to a 20-year deal to restart Pennsylvania's Three Mile Island plant. Reality check: It's not yet certain whether or when preliminary plans for building new, advanced reactor designs will ultimately come to fruition, and how many years it will take. The bottom line: "Our agreements with Vistra, TerraPower, Oklo, and Constellation make Meta one of the most significant corporate purchasers of nuclear energy in American history," Meta chief global affairs officer Joel Kaplan said in a statement.

Meta just bought enough nuclear to power 5 million homes

Meta has signed a series of multi-gigawatt nuclear energy contracts to power its sprawling network of artificial intelligence data centers, a move that could make it one of the largest corporate buyers of nuclear power in American history. The agreements, announced Friday, could supply more than 6 gigawatts of electricity, enough to power a city of roughly 5 million homes, according to Bloomberg's estimates. Meta has inked 20-year agreements to buy energy from three Vistra nuclear plants in Ohio and Pennsylvania, and has also partnered with nuclear developers Oklo and TerraPower, the latter of which is funded by billionaire Bill Gates, to support new reactor projects that could come online later this decade. The deals are designed to secure reliable, long-term and low-carbon electricity as the social media giant scales up its data infrastructure to support its advanced AI applications. Under the Vistra contracts, Meta will purchase power from three existing nuclear facilities, including the Perry and Davis-Besse plants in Ohio and Beaver Valley in Pennsylvania. Meanwhile, partnerships with Oklo and TerraPower involve building smaller reactors, with planned capacities that could eventually contribute hundreds of additional megawatts. Meta did not disclose financial terms for the latest contracts, but investors have responded positively. Shares in both Oklo and Vistra climbed more than 13% on Friday morning, as of 10:15 EST. This isn't Meta's first foray into nuclear. Last year, it signed an agreement with Constellation Energy to help preserve operations at the Clinton Clean Energy Center in Illinois by securing a long-term buyer for its output. That contract helped ensure continued generation from a plant that might otherwise have faced retirement. Together, the agreements will "make Meta one of the most significant corporate purchasers of nuclear energy in American history," Joel Kaplan, Meta's chief global affairs officer, said. The deals reflect the broader energy challenges facing hyperscalers, which are grappling with how to power ever-larger AI data centers while meeting climate commitments and mitigating grid strain. Nuclear power, with its consistent output and low emissions, is emerging as a key component of meeting those needs. Meta is "investing in nuclear energy because it provides clean, reliable power that is essential for advancing our AI ambitions and strengthening American leadership in energy innovation," Urvi Parekh, Head of Global Energy at Meta, noted. Across the board, hyperscalers are racing to source the power needed to meet demand for AI infrastructure, with Google and Microsoft also looking to nuclear for long-term, carbon-free energy sources to sustain exponential growth in compute. While nuclear plants require significant time and investment to build and maintain, their ability to deliver consistent power makes them attractive as AI infrastructure scales.

Meta signs 3 deals for nuclear energy to power AI data centers

Meta has cut a trio of deals to power its artificial intelligence data centers, securing enough energy to light up the equivalent of about 5 million homes. The parent company of Facebook on Friday announced agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI data center that is being built in New Albany, Ohio. Meta announced Prometheus, which will be a 1-gigawatt cluster spanning across multiple data center buildings, in July. It's anticipated to come online this year. Financial terms of the deals with TerraPower, Oklo and Vistra were not disclosed. The Mark Zuckerberg-led Meta said in a statement on Friday that the three deals will support up to 6.6 gigawatts of new and existing clean energy by 2035. A single gigawatt, according to a general industry standard for utilities, can power about 750,000 homes. "These projects add reliable and firm power to the grid, reinforce America's nuclear supply chain, and support new and existing jobs to build and operate American power plants," the company said. Meta said its agreement with TerraPower will provide funding that supports the development of two new Natrium units capable of generating up to 690 megawatts of firm power with delivery as early as 2032. The deal also provides Meta with rights for energy from up to six other Natrium units capable of producing 2.1 gigawatts and targeted for delivery by 2035. Meta will also buy more than 2.1 gigawatts of energy from two operating Vistra nuclear power plants in Ohio, in addition to the energy from expansions at the two Ohio plants and a third Vistra plant, Beaver Valley, near Pittsburgh, Pennsylvania. The deal with Oklo, which counts OpenAI's Sam Altman as one of its largest investors, will help to develop a 1.2 gigawatt power campus in Pike County, Ohio, to support Meta's data centers in the region. The nuclear power agreements come after Meta announced in June that it reached a 20-year deal with Constellation Energy to secure power from its nuclear plant in Clinton, Illinois.

Meta strikes nuclear power deals in support of its AI data centers

Meta signed deals with companies TerraPower, Oklo, and Vistra to help power its Prometheus data center. Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers. Meta struck agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI data center that is being built in New Albany, Ohio. Meta announced Prometheus, which will be a 1-gigawatt cluster spanning across multiple data center buildings, in July. It's anticipated to come online this year. Financial terms of the deals with TerraPower, Oklo and Vistra were not disclosed. The Mark Zuckerberg-led Meta said in a statement on Friday that the three deals will support up to 6.6 gigawatts of new and existing clean energy by 2035. "These projects add reliable and firm power to the grid, reinforce America's nuclear supply chain, and support new and existing jobs to build and operate American power plants," the company said. Meta said its agreement with TerraPower will provide funding that supports the development of two new Natrium units capable of generating up to 690 megawatts of firm power with delivery as early as 2032. The deal also provides Meta with rights for energy from up to six other Natrium units capable of producing 2.1 gigawatts and targeted for delivery by 2035. Meta will also buy more than 2.1 gigawatts of energy from two operating Vistra nuclear power plants in Ohio, in addition to the energy from expansions at the two Ohio plants and a third Vistra plant in Pennsylvania. The deal with Oklo, which counts OpenAI's Sam Altman as one of its largest investors, will help to develop a 1.2 gigawatt power campus in Pike County, Ohio to support Meta's data centers in the region. The nuclear power agreements come after Meta announced in June that it reached a 20-year deal with Constellation Energy.

Meta signs three nuclear power deals to help support its AI data centers

Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers. Meta struck agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI data center that is being built in New Albany, Ohio. Meta announced Prometheus, which will be a 1-gigawatt cluster spanning across multiple data center buildings, in July. It's anticipated to come online this year. Financial terms of the deals with TerraPower, Oklo and Vistra were not disclosed. The Mark Zuckerberg-led Meta said in a statement on Friday that the three deals will support up to 6.6 gigawatts of new and existing clean energy by 2035. "These projects add reliable and firm power to the grid, reinforce America's nuclear supply chain, and support new and existing jobs to build and operate American power plants," the company said. Meta said its agreement with TerraPower will provide funding that supports the development of two new Natrium units capable of generating up to 690 megawatts of firm power with delivery as early as 2032. The deal also provides Meta with rights for energy from up to six other Natrium units capable of producing 2.1 gigawatts and targeted for delivery by 2035. Meta will also buy more than 2.1 gigawatts of energy from two operating Vistra nuclear power plants in Ohio, in addition to the energy from expansions at the two Ohio plants and a third Vistra plant in Pennsylvania. The deal with Oklo, which counts OpenAI's Sam Altman as one of its largest investors, will help to develop a 1.2 gigawatt power campus in Pike County, Ohio to support Meta's data centers in the region. The nuclear power agreements come after Meta announced in June that it reached a 20-year deal with Constellation Energy.

Meta signs three nuclear power deals to help support its AI data centers

Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers. Meta struck agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI data center that is being built in New Albany, Ohio. Meta announced Prometheus, which will be a 1-gigawatt cluster spanning across multiple data center buildings, in July. It's anticipated to come online this year. Financial terms of the deals with TerraPower, Oklo and Vistra were not disclosed. The Mark Zuckerberg-led Meta said in a statement on Friday that the three deals will support up to 6.6 gigawatts of new and existing clean energy by 2035. "These projects add reliable and firm power to the grid, reinforce America's nuclear supply chain, and support new and existing jobs to build and operate American power plants," the company said. Meta said its agreement with TerraPower will provide funding that supports the development of two new Natrium units capable of generating up to 690 megawatts of firm power with delivery as early as 2032. The deal also provides Meta with rights for energy from up to six other Natrium units capable of producing 2.1 gigawatts and targeted for delivery by 2035. Meta will also buy more than 2.1 gigawatts of energy from two operating Vistra nuclear power plants in Ohio, in addition to the energy from expansions at the two Ohio plants and a third Vistra plant in Pennsylvania. The deal with Oklo, which counts OpenAI's Sam Altman as one of its largest investors, will help to develop a 1.2 gigawatt power campus in Pike County, Ohio to support Meta's data centers in the region. The nuclear power agreements come after Meta announced in June that it reached a 20-year deal with Constellation Energy.

Mark Zuckerberg Just Made a Massive Bet on Nuclear-Powered AI

The parent company of Facebook and Instagram announced deals with three nuclear power companies that will secure energy for its Ohio-based AI supercluster. The companies include Bill Gates-founded TerraPower, as well as two publicly-traded companies, Oklo and Vistra. "Our agreements with Vistra, TerraPower, Oklo, and Constellation make Meta one of the most significant corporate purchasers of nuclear energy in American history," Meta Chief Global Affairs Officer Joel Kaplan said in a statement. The deal follows Meta's July unveiling of its plans for Prometheus, a 1GW AI supercluster, located in New Albany, Ohio. At the time, the company disclosed it is also working on a second, 5GW supercluster, called Hyperion. CEO Mark Zuckerberg says Prometheus is expected to fire up this year.

Meta Signs Three Nuclear Power Deals to Help Support Its AI Data Centers

Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers. Meta struck agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI data center that is being built in New Albany, Ohio. Meta announced Prometheus, which will be a 1-gigawatt cluster spanning across multiple data center buildings, in July. It's anticipated to come online this year. Financial terms of the deals with TerraPower, Oklo and Vistra were not disclosed. The Mark Zuckerberg-led Meta said in a statement on Friday that the three deals will support up to 6.6 gigawatts of new and existing clean energy by 2035. "These projects add reliable and firm power to the grid, reinforce America's nuclear supply chain, and support new and existing jobs to build and operate American power plants," the company said. Meta said its agreement with TerraPower will provide funding that supports the development of two new Natrium units capable of generating up to 690 megawatts of firm power with delivery as early as 2032. The deal also provides Meta with rights for energy from up to six other Natrium units capable of producing 2.1 gigawatts and targeted for delivery by 2035. Meta will also buy more than 2.1 gigawatts of energy from two operating Vistra nuclear power plants in Ohio, in addition to the energy from expansions at the two Ohio plants and a third Vistra plant in Pennsylvania. The deal with Oklo, which counts OpenAI's Sam Altman as one of its largest investors, will help to develop a 1.2 gigawatt power campus in Pike County, Ohio to support Meta's data centers in the region. The nuclear power agreements come after Meta announced in June that it reached a 20-year deal with Constellation Energy.

Meta strikes deals with three nuclear energy companies

Meta, the parent company of Facebook and Instagram, announced deals Friday with three nuclear energy companies to help power its artificial intelligence (AI) infrastructure, including the tech giant's forthcoming Prometheus supercluster. The agreements with Oklo and TerraPower are meant to support the development of advanced nuclear technology, while the deal with Vistra will provide financial backing for its existing nuclear power plants. The company previously announced a deal with another nuclear firm, Constellation Energy, in June. "Our agreements with Vistra, TerraPower, Oklo, and Constellation make Meta one of the most significant corporate purchasers of nuclear energy in American history, Joel Kaplan, Meta's chief global affairs officer, said in a statement. "State-of-the-art data centers and AI infrastructure are essential to securing America's position as a global leader in AI," he continued. "Nuclear energy will help power our AI future, strengthen our country's energy infrastructure, and provide clean, reliable electricity for everyone." Tech giants have increasingly turned to nuclear energy as they seek to power an expanding fleet of energy-hungry data centers amid the race to develop AI capabilities. Nuclear power can provide a clean and reliable source of energy, which is key as these companies seek to meet previous commitments to reduce emissions. Meta's agreement with TerraPower will support the development of two of the company's Natrium units, which can produce up to 690 megawatts of power, in addition to giving the Facebook parent access to another 2.1 gigawatts from six other units. The Oklo deal aims to boost the development of its advanced nuclear energy campus, which is meant to add up to 1.2 gigawatts of power to the grid, while the Vistra deal secures 2.1 gigawatts from the firm's existing plants in Ohio and Pennsylvania.

Meta Is Going Nuclear to Power Its AI Data Centers

Mark Zuckerberg is betting big on nuclear power to fuel his AI strategy. Meta is working with three partners: Bill Gates-backed TerraPower and Oklo to build new facilities, while buying electricity from Vistra's trio of plants in Pennsylvania and Ohio, according to The Wall Street Journal. Meta wants the new reactors up and running between 2030 and 2032, which is an ambitious schedule for nuclear projects. But Wall Street loved the news, sending Vistra and Oklo shares up 15 percent. TerraPower plans to deliver 690 megawatts of capacity within six years, while Oklo's Ohio facility could eventually produce 1,200 megawatts. The massive electricity requirements of AI computing are forcing tech giants to secure their own power sources rather than relying solely on the grid.

Why Meta is lining up massive supply of nuclear power

The parent company of Facebook on Friday announced agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI data center that is being built in New Albany, Ohio. Meta announced Prometheus, which will be a 1-gigawatt cluster spanning across multiple data center buildings, in July. It's anticipated to come online this year. Meta has cut a trio of deals to power its artificial intelligence data centers, securing enough energy to light up the equivalent of about 5 million homes. The parent company of Facebook on Friday announced agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI data center that is being built in New Albany, Ohio. Meta announced Prometheus, which will be a 1-gigawatt cluster spanning across multiple data center buildings, in July. It's anticipated to come online this year. Financial terms of the deals with TerraPower, Oklo and Vistra were not disclosed. The Mark Zuckerberg-led Meta said in a statement on Friday that the three deals will support up to 6.6 gigawatts of new and existing clean energy by 2035. A single gigawatt, according to a general industry standard for utilities, can power about 750,000 homes. "These projects add reliable and firm power to the grid, reinforce America's nuclear supply chain, and support new and existing jobs to build and operate American power plants," the company said. Meta said its agreement with TerraPower will provide funding that supports the development of two new Natrium units capable of generating up to 690 megawatts of firm power with delivery as early as 2032. The deal also provides Meta with rights for energy from up to six other Natrium units capable of producing 2.1 gigawatts and targeted for delivery by 2035. Meta will also buy more than 2.1 gigawatts of energy from two operating Vistra nuclear power plants in Ohio, in addition to the energy from expansions at the two Ohio plants and a third Vistra plant in Pennsylvania. The deal with Oklo, which counts OpenAI's Sam Altman as one of its largest investors, will help to develop a 1.2 gigawatt power campus in Pike County, Ohio to support Meta's data centers in the region. The nuclear power agreements come after Meta announced in June that it reached a 20-year deal with Constellation Energy.

Meta Signs Deals With 3 Nuclear Energy Companies to Power Data Centers | PYMNTS.com

"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.

Meta makes massive bet on nuclear power to fuel AI ambitions

Meta Platforms said Friday it struck 20-year agreements to buy power from three Vistra nuclear plants in the US heartland and develop projects with two companies hoping to build small modular reactors. Shares of Oklo and Vistra surged more than 10%. Meta and other Big Tech companies want to secure long-term electricity supplies as artificial intelligence and data centers increase US power demand for the first time in two decades. The company said in a blog it will purchase power from Vistra's Perry and Davis-Besse plants in Ohio and Beaver Valley plant in Pennsylvania. Meta said the deal will help finance expansion at the Ohio plants and lengthen the lifespan of the plants, which are licensed to run through at least 2036 with one of two reactors at Beaver Valley licensed through 2047. Meta will also help develop small modular reactors planned by Oklo and TerraPower, the latter of which is backed by billionaire Bill Gates. SMR backers say the reactors will one day save costs because they can be built in factories instead of on site. Critics say they will struggle to achieve economies of scale similar to current large reactors. There are no US SMRs in commercial operations yet and the plants will require permits. Joel Kaplan, Meta's chief global affairs officer, said the plans along with its agreement last year with Constellation to keep an Illinois reactor operating for 20 years will "make Meta one of the most significant corporate purchasers of nuclear energy in American history." The agreements will provide up to 6.6 gigawatts of nuclear power by 2035, Meta said. The size of a typical nuclear power plant is about 1 GW. In 2024 Meta sought interest from nuclear power developers for 1 to 4 gigawatts of nuclear power. Meta will help fund TerraPower's development of two reactors to generate up to 690 megawatts of power as early as 2032. The agreement also provides Meta with rights for energy from up to six other TerraPower reactors by 2035. TerraPower President and CEO Chris Levesque said the agreement will support rapid deployment of reactors. Meta said its partnership with Oklo will help develop up to 1.2 GW of energy in Ohio as early as 2030. The support will help "early procurement and development," said Jacob DeWitte, Oklo's co-founder and CEO.

Meta unveils raft of nuclear power agreements with AI ambitions in focus By Investing.com

Investing.com - Meta Platforms has unveiled a host of nuclear power-related initiatives and projects on Friday, as the Facebook-owner aims to lock down the energy needed to underpin its data center and artificial intelligence goals. The tech giant notched a two-decade deal with Vistra to gain access to 2.6 gigawatts of power through a combination of three nuclear power plants in the United States. Meta has agreed to purchase 2.176 gigawatts of nuclear energy and capacity from Vistra's operating Perry and Davis-Besse plants in Ohio. It is also buying 433 megawatts from equipment upgrades to boost generation outputs at these sites and Vistra's Beaver Valley facility in Pennsylvania. "At Meta, we are investing in nuclear energy because it provides clean, reliable power that is essential for advancing our AI ambitions," said Urvi Parekh, Head of Global Energy at Meta, in a statement. In a separate deal, Meta unveiled a partnership with Sam Altman-backed small modular reactor (SMR) group Oklo, with the aim of advancing the construction of a 1.2 gigawatt "advanced nuclear technology" campus in Pike County, Ohio. The site will support Meta's data centers in the region, Oklo said in a statement. Meanwhile, TerraPower, a fellow SMR name supported by billionaire Bill Gates, will receive funding from Meta to develop up to 8 Natrium reactor and energy storage system plants in the U.S. These will provide Meta with up to 2.8 gigawatts of "carbon-free, baseload energy," TerraPower said. Shares of Vistra and Oklo, as well as peer Nuscale, soared in pre-market U.S. trading following the announcements. Power demand has recently surged as big-name tech firms like Meta pursue massive investments in the data centers that fuel cutting-edge AI models. SMRs have become one focal point of this push, as they are viewed as potentially less costly -- although critics cited by Reuters said they can struggle to obtain the same economies of scale as larger reactors. No SMRs are currently in commercial operation in the U.S. "The hyperscalers aren't backing off one bit in their AI ambitions and while GPUs/data center construction have been a gating factor in years past, the focus is now pivoting to energy availability, which Meta is looking to address with these nuclear announcements," analysts at Vital Knowledge said in a note.