Meta Platforms (META) has entered three nuclear‑energy agreements with Vistra Energy (VST), Bill Gates-backed TerraPower, and Oklo (OKLO). The move positions the tech giant to become one of the largest corporate buyers of nuclear power in U.S. history. Also, these deals point to the fact that AI uses huge amounts of power, and renewable energy sources are not enough to meet that demand on their own.
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What Do the Deals Include?
Firstly, Meta signed 20‑year agreements to buy electricity from three existing Vistra nuclear plants in Ohio and Pennsylvania. The deals will help extend the lifespan of these reactors and support capacity expansions.
Secondly, TerraPower is developing advanced small modular reactors (SMRs). Meta will help fund two reactors expected to generate up to 690 MW by 2032, with rights to energy from up to six more by 2035.
Finally, Oklo is working on compact fast reactors. Meta’s partnership aims to develop up to 1.2 GW of nuclear capacity in Ohio as early as 2030 to accelerate early procurement and development.
Here’s Why Meta Is Turning to Nuclear
AI data centers are driving U.S. power demand higher for the first time in two decades. Meta’s upcoming AI superclusters, including the massive Prometheus system in Ohio, will require reliable, round‑the‑clock energy at a scale few utilities can currently provide.
Importantly, nuclear power offers carbon‑free baseload electricity that does not depend on weather conditions. Meta’s new agreements could ultimately supply more than 6 gigawatts of nuclear power by 2035, enough to power a city of roughly five million homes.
Meta’s nuclear push is similar to efforts by Amazon (AMZN), Google (GOOGL), and Microsoft (MSFT), all of which have also turned to nuclear to meet AI‑driven energy needs. U.S. power usage is expected to jump at least 30% by 2030, with data centers responsible for most of the increase.
Is META a Good Stock to Buy Now?
Overall, Wall Street has a Strong Buy consensus rating on Meta stock based on 38 Buys, six Holds, and one Sell recommendation. The average META stock price target of $826.82 indicates 27.98% upside potential.
