"At Meta, we are 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. By supporting nuclear power, we ensure that our operations - and the communities we serve - benefit from energy solutions that drive both technological progress and economic growth,"
"The demand from data centers will reach 400 terawatt hours, or 50 gigawatts annually, representing about 9% of total U.S. electricity demand by the end of the decade. About 30% of current data center demand is located in the Mid-Atlantic, followed by Texas, home to 13%."
"The agreement provides a mechanism for Meta to prepay for power and provide funding to advance project certainty for Oklo's Aurora powerhouse deployment,"
Meta secured about 6.6 GW of nuclear power by 2035 to supply its data centers. One agreement with Vistra Energy will provide electricity from three existing nuclear power plants, and Vistra shares rose 16% in premarket trading. A separate agreement with Oklo advances a planned 1.2 GW power campus in Pike County, Ohio, with Meta prepaying for power and funding project certainty for Oklo's Aurora powerhouse deployment; Oklo shares rose 18% in premarket trading. Data center power demand is projected to reach roughly 400 terawatt hours (50 gigawatts) annually, about 9% of U.S. electricity by decade end. Broadcom received analyst support and a $475 price target amid AI-driven growth.
Read at 24/7 Wall St.
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