Meta reacts to power needs by signing long-term nuke deals

"Meta is writing more checks for nuclear investment, even though the new capacity tied to those deals is unlikely to come online until around 2030. The company says it will need the new power to run its hyperscale datacenters. Facebook's parent company says it has inked agreements with three outfits - TerraPower and Oklo are developing new reactor technology or building fresh sites, while Vistra is supporting existing nuclear plants. All three will deliver electricity into the grid rather than straight to Meta's own facilities."

"Meta claims that this work is part of ongoing efforts with electric utility companies and power providers to "plan for and meet our energy needs years in advance of our data centers becoming operational." Just over a year ago, the social media giant estimated that it would need one to four gigawatts of nuclear power in the future, on top of the energy it already consumes, and put out a request for proposals (RFP) to find firms willing to supply it."

"That was followed by today's agreements with Vistra, TerraPower, and Oklo. Meta claims that these, along with the one signed last June with Constellation Energy, make it one of the largest corporate purchasers of nuclear energy in America, as the three combined will eventually add up to 6.6 GW to the grid. However, missing from all of this is any mention of cost. We asked Meta how much these agreements are worth, but a spokesperson told us that it does not share the financial details of its clean energy agreements."

Meta has signed agreements with TerraPower, Oklo, Vistra, and Constellation to secure future nuclear-generated electricity delivered into regional grids to power hyperscale datacenters. The combined projects are expected to eventually add about 6.6 GW to the grid, with some capacity potentially online around 2030, including Oklo's planned 1.2 GW campus in Ohio. The agreements emphasize long-term planning with utilities and power providers to meet anticipated demand. Financial terms were not disclosed; Meta declined to share costs. Oklo and TerraPower are developing new reactor technology or sites, while Vistra supports existing nuclear plants.

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