Meta Platforms has positioned itself as the largest nuclear power buyer among major tech companies through a series of electricity agreements that could total more than 6 gigawatts of capacity. The deals underscore the intensifying competition among technology giants to secure reliable energy supplies for artificial intelligence infrastructure development.

Major Nuclear Power Partnerships

The company announced partnerships with three key nuclear energy providers to support its expanding AI data center operations. Meta will purchase electricity from existing nuclear facilities while also supporting the development of next-generation small reactors planned for deployment over the next decade.

Vistra's stock price rose 10.00% in pre-market trading following the announcement, while Oklo shares increased approximately 20.00%. The agreements follow Meta's separate deal with Constellation Energy announced in June.

AI Infrastructure Power Requirements

The nuclear deals will support Meta's most ambitious AI infrastructure projects, addressing the massive power requirements of modern data centers. Chief Executive Officer Mark Zuckerberg has committed to spending hundreds of billions of dollars on AI infrastructure through the end of the decade.

The Prometheus data center cluster represents a 1-gigawatt facility expected to come online this year, while the Hyperion project in Louisiana may scale to 5 gigawatts by 2028. The Louisiana facility will be powered by at least three natural gas plants, with utility provider Entergy applying to connect additional natural gas generation to support the project's expansion.

Vistra Partnership Details

Under the agreement with Vistra, Meta will access energy from multiple nuclear facilities across Ohio and Pennsylvania. The deal includes more than 2.10 gigawatts of operating generation from the Davis-Besse and Perry reactors in Ohio, plus an additional 433 megawatts from planned improvements to boost output from these facilities and the Beaver Valley plant in Pennsylvania.

These nuclear plants will continue supplying the PJM Interconnection grid, which serves more than 67 million people from the Midwest to the mid-Atlantic region. The arrangement allows Meta to access clean nuclear power while maintaining grid stability for existing customers.

Next-Generation Nuclear Technology

Meta's partnerships with Oklo and TerraPower focus on supporting the development of advanced small modular reactors. Oklo is developing a 75-megawatt reactor design that still requires federal regulatory approval, with Meta's agreement including prepayment provisions primarily to help secure fuel procurement.

The TerraPower partnership supports development of two reactors capable of generating up to 690 megawatts, with delivery targeted for 2032. TerraPower CEO Chris Levesque emphasized that nuclear energy represents a critical component for meeting AI-driven power demand growth.

Industry Power Demand Surge

US power usage is projected to increase at least 30.00% by 2030, with data centers driving most of the new demand according to Grid Strategies energy consulting. This surge has created significant bottlenecks for AI development, prompting technology companies to secure long-term energy supplies through various sources including both nuclear and natural gas facilities.

Meta's head of global energy, Urvi Parekh, noted that the agreements address concerns about existing nuclear plant closures while providing early investment to stimulate new nuclear power development. The company remains committed to low-carbon energy solutions as part of its infrastructure expansion strategy.

Meta Platforms has secured a series of nuclear power agreements that could total more than 6 gigawatts of electricity capacity, making it the biggest nuclear power buyer among hyperscaler technology companies. The deals demonstrate how major technology firms continue their aggressive pursuit of power supplies amid the artificial intelligence infrastructure boom.

Major Nuclear Power Agreements

Meta announced on Friday that it will purchase electricity from three existing Vistra plants and support the development of small modular reactors by Oklo and TerraPower over the next decade. These agreements follow a separate deal in June with Constellation Energy.

The market responded positively to the announcements, with Vistra shares rising 10% and Oklo shares climbing approximately 20% before Friday trading opened.

Infrastructure Investment Strategy

The nuclear deals support Meta CEO Mark Zuckerberg's commitment to spend hundreds of billions of dollars on AI infrastructure through the end of the decade. The company is developing two major data center projects that will benefit from these power agreements.

"If we are unable to generate more electricity, that could hurt the ability of AI to grow faster," said Urvi Parekh, Meta's head of global energy. "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."

Industry Power Demand Surge

US power usage is expected to climb at least 30% by 2030, with most new demand coming from data centers, according to Grid Strategies energy consulting firm. The 6-gigawatt capacity from Meta's deals would be sufficient to power approximately 5 million homes.

While Meta has also secured natural gas power for some projects, including three gas plants for the Hyperion facility, the company remains committed to low-carbon energy solutions. Nuclear power provides round-the-clock clean energy that aligns with the company's environmental goals while meeting the substantial power requirements of AI infrastructure.

Technology Development Timeline

The agreements include both immediate and long-term power solutions. The Vistra plants will continue supplying the PJM Interconnection grid, which serves over 67 million people from the Midwest to the mid-Atlantic region. Meanwhile, the Oklo agreement includes prepayment to help procure fuel for reactors planned to begin service as early as 2030.

Zuckerberg has stated that he sees greater risk in under-spending on AI infrastructure than overspending, pursuing an "aggressively front-load building capacity" strategy in preparation for achieving "superintelligence" - AI that outperforms humans at many tasks.