Meta Secures Nuclear Power Agreements with Vistra, Oklo, and TerraPower
Meta Chief Global Affairs Officer Joel Kaplan told FOX Business the tech company’s new nuclear power deals will create thousands of skilled jobs and strengthen the U.S. electric grid.
Meta’s recent nuclear power agreements are poised to bolster the U.S. position in the artificial intelligence (AI) race against China. As energy demands surge, these initiatives aim to alleviate the strain on the nation’s power grid, according to Kaplan.
On Friday, the tech giant announced it has entered into 20-year agreements to procure power from three Vistra-owned nuclear plants located in Ohio and Pennsylvania. Additionally, Meta is collaborating with Oklo and TerraPower to develop new nuclear projects.
These agreements have the potential to deliver up to 6.6 gigawatts of nuclear power by 2035, Kaplan noted.
“We’re just really excited about this opportunity to partner with great American companies and the Trump administration to bring these significant energy investments in new nuclear power — up to 6.6 gigawatts by 2035,” Kaplan shared with FOX Business.
META SUED AFTER TEEN BOYS’ SUICIDES, FAMILIES CLAIM TECH GIANT IGNORED ‘SEXTORTION’ SCHEMES
Meta’s chief global affairs officer, Joel Kaplan, said the deals could provide up to 6.6 gigawatts of nuclear power by 2035. (FOX Business)
Kaplan emphasized, “It’s just a great contribution to the economy, and it’s really going to help this country win the AI race against China.”
As part of these agreements, Meta will acquire power from Vistra’s Perry and Davis-Besse plants in Ohio, as well as the Beaver Valley plant in Pennsylvania.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| META | META PLATFORMS INC. | 658.77 | -5.68 | -0.85% |
| VST | VISTRA CORP. | 166.41 | +15.89 | +10.56% |
| OKLO | OKLO INC | 105.31 | +7.71 | +7.90% |
In addition, Meta will support the development of small modular nuclear reactors in collaboration with Oklo and TerraPower, the latter of which is backed by billionaire Bill Gates.
DATA CENTERS RAPIDLY TRANSFORMING SMALL-TOWN AMERICA
A high-tech data center with server racks is pictured here. (iStock / iStock)
Kaplan highlighted that these investments will yield direct benefits for local communities. “These data centers create thousands of new jobs, and these are good, skilled jobs — pipefitters, steel workers, electricians, HVAC technicians, plumbers — good, high-paying, skilled jobs,” he stated. “So we’re really excited about the impact that these big infrastructure investments have on the local community.”
META SCALES BACK METAVERSE SPENDING FOLLOWING REPORTS OF CUTTING BUDGET BY UP TO 30%
The Meta logo is pictured in this file photo. (Nikolas Kokovlis/NurPhoto via Getty Images / Getty Images)
Kaplan further noted that these new agreements, along with Meta’s prior deal to extend the operation of an Illinois nuclear plant for another 20 years, will position Meta as one of the largest corporate buyers of nuclear power in U.S. history.
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“This is a real win-win for the local communities, and we’re really grateful for the partnership that we have with them,” Kaplan concluded.
Reuters contributed to this report.
Meta Chief Global Affairs Officer Joel Kaplan told FOX Business the tech company’s new nuclear power deals will create thousands of skilled jobs and strengthen the U.S. electric grid.
Meta’s recent nuclear power agreements are poised to bolster the U.S. position in the artificial intelligence (AI) race against China. As energy demands surge, these initiatives aim to alleviate the strain on the nation’s power grid, according to Kaplan.
On Friday, the tech giant announced it has entered into 20-year agreements to procure power from three Vistra-owned nuclear plants located in Ohio and Pennsylvania. Additionally, Meta is collaborating with Oklo and TerraPower to develop new nuclear projects.
These agreements have the potential to deliver up to 6.6 gigawatts of nuclear power by 2035, Kaplan noted.
“We’re just really excited about this opportunity to partner with great American companies and the Trump administration to bring these significant energy investments in new nuclear power — up to 6.6 gigawatts by 2035,” Kaplan shared with FOX Business.
META SUED AFTER TEEN BOYS’ SUICIDES, FAMILIES CLAIM TECH GIANT IGNORED ‘SEXTORTION’ SCHEMES
Meta’s chief global affairs officer, Joel Kaplan, said the deals could provide up to 6.6 gigawatts of nuclear power by 2035. (FOX Business)
Kaplan emphasized, “It’s just a great contribution to the economy, and it’s really going to help this country win the AI race against China.”
As part of these agreements, Meta will acquire power from Vistra’s Perry and Davis-Besse plants in Ohio, as well as the Beaver Valley plant in Pennsylvania.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| META | META PLATFORMS INC. | 658.77 | -5.68 | -0.85% |
| VST | VISTRA CORP. | 166.41 | +15.89 | +10.56% |
| OKLO | OKLO INC | 105.31 | +7.71 | +7.90% |
In addition, Meta will support the development of small modular nuclear reactors in collaboration with Oklo and TerraPower, the latter of which is backed by billionaire Bill Gates.
DATA CENTERS RAPIDLY TRANSFORMING SMALL-TOWN AMERICA
A high-tech data center with server racks is pictured here. (iStock / iStock)
Kaplan highlighted that these investments will yield direct benefits for local communities. “These data centers create thousands of new jobs, and these are good, skilled jobs — pipefitters, steel workers, electricians, HVAC technicians, plumbers — good, high-paying, skilled jobs,” he stated. “So we’re really excited about the impact that these big infrastructure investments have on the local community.”
META SCALES BACK METAVERSE SPENDING FOLLOWING REPORTS OF CUTTING BUDGET BY UP TO 30%
The Meta logo is pictured in this file photo. (Nikolas Kokovlis/NurPhoto via Getty Images / Getty Images)
Kaplan further noted that these new agreements, along with Meta’s prior deal to extend the operation of an Illinois nuclear plant for another 20 years, will position Meta as one of the largest corporate buyers of nuclear power in U.S. history.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“This is a real win-win for the local communities, and we’re really grateful for the partnership that we have with them,” Kaplan concluded.
Reuters contributed to this report.
