A cyclist rides outside the meta sign outside the headquarters of the Facebook original company Meta platforms at Mountain View on 9 November 2022.
Peter Dasilwa | Roots
Meta A 20 -year agreement has been signed to buy nuclear power Constellation energyTo continue the wave of technical veterans in association with the industry to meet the increasing power needs of data centers.
Starting from June 2027, the Meta will buy about 1.1 GW of energy from Clinton Clean Energy Center in Illinois, which is a complete output from an atomic reactor of the site. Companies stated that long-term agreement would support the continuous operation of the plant as well as its remains. Without commitment to meta, there was a danger of closing the plant when its zero-ecosyer credits, which depends since 2017, ended.
The Chairman and CEO of the constellation Joe Dominguase said, “We are proud to partner with Meta. They came to know that supporting the remains and expansion of the existing plants is as impressive as finding new sources of energy,”. “Sometimes the most important part of our journey stops stepping forward.”
The terms of the deal, which would also extend Clinton's output by 30 MW, was not disclosed. The plant will not give power to the meta data centers directly – instead it will continue to provide electricity to the regional grid, while the tech contributes to the target of 100% clean power of the legend.
Nakshatra stocks ralled more than 15% on the agreement.
CEG rallies
Tuesday's announcement is the latest in a group of deals between the Big Tech and the nuclear industry. on September, Nakshatra said that it will resume three miles island -The worst nuclear in American history sells electricity to Microsoft under a 20-year agreement.
Google Promised to fund the recent development Three new atomic sitesAfter last year Team with small modular reactor developer Kirros Power. Heroic Invested more than $ 500 million to develop SMRS in OctoberAnd bought a data center campus run by Sushekhana Nuclear Plant in March 2024. Tech veterans, including Amazon, Google and Meta, signed a pledge under the leadership of World Atomic Association Calling in March. Triple worldwide by 2050 for nuclear power,
Nevertheless, the deal with the constellation is officially officially in the atom. In December, the company made a request for proposals to make nuclear power developers a partner, stating that they wanted to connect between one and four gigawatts of the new nuclear generation in the US that the proposal, which focuses on advanced atoms, lives in progress, and is different from the company's support.
Urvi Parekh, head of global energy in Meta, said, “It is necessary to protect our AI ambitions.” “We are proud to help operate the Clinton Plant for the coming years and it shows that the plant is an important piece to strengthen American leadership in energy.”
President Donald Trump recently signed Four executive orders Setting a target to quadruple US nuclear power by 2050, with the aim of accelerating nuclear deployment. Executive orders, among other things, create a domestic supply chain for nuclear fuel, along with an overhaul of the Atomic Regulatory Commission.
The White House has also called for rapid regulatory approval for reactors – including small modular reactors. In the past, nuclear projects have been plagued with high upfront cost and long construction timelines. The industry is hoping that SMR may be a more cost -effective way to increase nuclear power. Currently, there are no operating SMRs in the US
The constellation said on Tuesday that it is considering demanding a new permit from the Atomic Regulatory Commission to possibly construct a small modular reactor on the Clinton Site.
