Skip to content
Technology — Industry — Portfolio — Finance — Energy — Capital — Business — Wealth — Credit

Meta inks significant 20-year nuclear energy collaboration with Constellation

Meta Platforms secures a 20-year deal with Constellation Energy Corporation, agreeing to procure power from the Clinton Clean Energy Center, as announced.

,   and  Administrator
3 min read
Meta Platforms inks 20-year contract with Constellation Energy Corporation for power procurement,...
Meta Platforms inks 20-year contract with Constellation Energy Corporation for power procurement, with the tech behemoth set to acquire energy from the Clinton Clean Energy Center.

Meta inks significant 20-year nuclear energy collaboration with Constellation

** article rewrite:**

Title: Meta Gobbles Up Nuclear Power in Illinois to Boost AI Ambitions

Let's chat about Meta Platforms' latest move in the energy realm. The tech behemoth has locked horns with Constellation Energy Corporation to snag nuclear power from the Clinton Clean Energy Center in Illinois.

Why the big deal, you ask? Well, this partnership supports the relicensing and continued operations of the nuclear power plant - and bob's your uncle, it perfectly aligns with Meta's clean energy goals!

According to Constellation, this power purchase agreement starts in 2027 and endures for two full decades. The Clinton Clean Energy Center will continue to supply electricity onto the local grid, with Meta purchasing the plant's clean energy attributes as part of its pledge to match 100% of its electricity use with clean and renewable energy.

Now, you might be wondering, how much juice are we talking about here? The Clinton power plant will provide an extra 30 megawatts of nuclear power thanks to the deal with Meta. Presently, its reactor can output up to 1,092 megawatts on its own.

META

It's not just Meta jumping on the nuclear bandwagon, though. Tech titans such as Microsoft, Google, and others have been eyeing nuclear energy as a steadfast power source for their AI endeavors.

META PLATFORMS INC.

Case in point, Google recently announced it will back Elementl Power to prepare three potential sites in the U.S. for advanced nuclear projects, with the option to purchase the generated electricity once complete.

670.90

Plus, don't forget about Microsoft's 20-year agreement with Constellation Energy for Three Mile Island's Unit 1 reactor to fire up again in Pennsylvania.

23.41

Interested in learning more about this 'nuclear power for AI' trend? Drop a question below, and let's dive deeper!

3.62%

here's a quick glimpse at how the stocks are doing:

| Ticker | Security | Last | Change | Change % || --- | --- | --- | --- | --- || META | META PLATFORMS INC. | 670.90 | 23.41 | 3.62% || CEG | CONSTELLATION ENERGY CORP. | 312.02 | -1.41 | -0.45% |

CEG

It's intriguing how tech companies are heavily relying on nuclear energy for their AI efforts, isn't it?

CONSTELLATION ENERGY CORP.

Sources:

312.02

  1. Meta Secures Nuclear Power from Constellation Energy Corporation
  2. U.S. Energy Demand Projected to Grow Due to Data Centers, AI, and Electrification
  3. Tech Giants Embrace Nuclear Energy for AI Operations
  4. AI and Nuclear Energy: The Synergy of Sustainability and Efficiency
  5. Nuclear Power: Powering the AI Revolution

-1.41

Enrichment Data:

-0.45%

The surge in AI usage by tech companies has given rise to the adoption of nuclear power as a reliable and efficient energy source. Here are some key insights:

  1. Tech giants like Amazon, Google, Microsoft, and Meta are heavily investing in nuclear power to support AI operations.
  2. AI boosts nuclear power's safety and efficiency, making it a more viable option for AI purposes.
  3. Amazon is exploring small modular reactors near its data centers and has invested in X-Energy's SMR project.
  4. Google recently committed to Elementl Power for reactor sites.
  5. Microsoft is partnering with Constellation Energy to restart the Three Mile Island reactor.
  6. Meta is seeking new nuclear capacity for its data centers, aiming for clean and renewable energy.
  7. The trend indicates a growing reliance on nuclear energy to meet the rising energy demands of AI, ensuring both sustainability and reliability.

Powered By

  1. Meta Platforms' investment in nuclear power from the Clinton Clean Energy Center aligns with its ambitions in clean energy and AI, and demonstrates a growing trend among tech giants like Microsoft and Google to leverage nuclear energy for their AI endeavors.
  2. The partnership between Meta and Constellation Energy Corporation not only supports the relicensing and continued operations of the nuclear power plant but also serves as a means for Meta to meet its pledge of matching 100% of its electricity use with clean and renewable energy.
  3. One of the key benefits of nuclear power for AI is its ability to provide a steady and reliable power source, as evidenced by contracts such as Microsoft's 20-year agreement with Constellation Energy for Three Mile Island's Unit 1 reactor.
  4. The increased use of AI by tech companies has led to a rise in the adoption of nuclear power as an efficient energy source, with companies like Amazon and Meta seeking new nuclear capacity to support their data centers and business operations.

Read also:

    Related

    Latest