From Nasdaq: 2025-06-04 03:18:00

Meta Platforms (NASDAQ: META) is investing in AI technologies that require a significant amount of energy. To meet its power needs, the company signed a 20-year power purchase agreement with Constellation Energy (NASDAQ: CEG) for the output of the Clinton Clean Energy Center in Illinois, supporting its long-term growth profile.

The deal with Constellation Energy will provide Meta Platforms with clean and reliable energy for the next 20 years, helping the company meet its growing power needs. Unlike renewable energy, nuclear power offers a stable and consistent power source, crucial for data centers. This partnership is part of Meta’s goal to power 100% of its operations with clean energy.

Meta Platforms is in discussions for additional nuclear power deals to secure 1 to 4 gigawatts of power from next-generation technologies. The agreement with Constellation Energy will extend the economic life of the Clinton Clean Energy Center, preventing its premature closure and supporting the growth of technology companies like Meta and Microsoft.

Constellation Energy expects a surge in earnings from the growing demand for nuclear energy by technology companies like Meta Platforms. The company anticipates a compound annual growth rate of over 13% through 2030, with further potential earnings growth from its acquisition of Calpine. Investing in nuclear energy is crucial for supporting the AI revolution and meeting the energy needs of tech giants.



Read more at Nasdaq: Meta Platforms Is Going Nuclear to Power its AI Technologies