Meta(META.US) is actively embracing nuclear power to support its US data centers.

Generated by AI AgentMarket Intel
Tuesday, Dec 3, 2024 7:50 pm ET1min read

Zhitong Finance APP noticed that Meta (META.US) is seeking up to 4 gigawatts of new nuclear power to find reliable electricity sources for its data centers.

According to a statement on Tuesday, Meta is asking developers to submit proposals to provide reactor capacity ranging from 1 gigawatt to 4 gigawatts starting in the early 2030s. Commercial reactors can produce about 1 gigawatt of electricity, enough to power 75,000 typical American households.

Meta is stepping up the development of clean energy to meet the huge power demands of its artificial-intelligence ambitions. Like other tech giants, Amazon and Alphabet, the company is now also seeking nuclear power, an attractive but hard-to-develop energy source. Reactors promise to provide clean energy around the clock, but utilities have little interest in building them because of their high costs and long construction times. Wealthy tech companies may be able to speed up the next wave of nuclear plants.

“They’re willing to take on more of the early financial risk,” said Adam Stein, director of nuclear innovation at the Breakthrough Institute. “The utilities can’t keep up with the demand from the tech companies.”

Meta said it would consider both large traditional reactors and small modular designs, a new approach that could deploy faster and cheaper but has not been tested.

Earlier, Alphabet and Amazon announced they would invest in companies developing advanced reactor technologies. Microsoft has agreed to buy power from a reactor that Constellation Energy Corp. plans to restart at Three Mile Island in Pennsylvania.

Although there is little nuclear construction activity in the U.S. now, Stein said Meta’s goal of nuclear power in the next decade is feasible.

“There are certainly some candidates that could be ready by the early 2030s,” he said. “If they can get started as soon as possible.”

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