Vistra Corp. (NYSE: VST) stock rose after announcing a 20-year power purchase agreement (PPA) with Meta Platforms, Inc. (NASDAQ: META). The deal involves supplying over 2,600 MW of zero-carbon power from three nuclear plants to support Meta’s regional operations. Meta will purchase 2,176 MW from Vistra’s Ohio plants and 433 MW from uprates in Pennsylvania.

Over 15% of the contracted capacity represents new generation added to the PJM grid. All electricity produced will flow into the grid, supporting all users in the region. Meta’s energy purchases will start in late 2026, with additional capacity coming online through 2034 to reach the full 2,609 MW.

The three plants have received initial license renewals from the Nuclear Regulatory Commission. The PPAs provide Vistra with the certainty to pursue subsequent renewals, potentially extending each reactor’s license by another 20 years. Beaver Valley Unit 1 is licensed through 2036, Davis-Besse through 2037, Perry through 2046, and Beaver Valley Unit 2 through 2047.

Vistra plans to extend the licenses to operate these carbon-free assets for another 20 years. Earlier, Oklo Inc. (NYSE: OKLO) announced a strategic partnership with Meta to develop a 1.2-gigawatt nuclear power campus in Ohio, showcasing the importance of nuclear operators and developers in meeting Big Tech’s energy needs. Meta’s strategy combines near-term power supply with longer-term investments in new capacity to support growth.

Read more at Yahoo Finance: Vistra Wins Mega Nuclear Deal With Meta, Stock Jumps