Meta signs nuclear power deal with Constellation Energy

Core Insights - Meta has signed a 20-year agreement to purchase nuclear power from Constellation Energy to meet the energy demands of its data centers [1] - The deal will provide Meta with approximately 1.1 gigawatts of energy from the Clinton Clean Energy Center in Illinois, supporting the plant's operation and relicensing [2] - This partnership is part of a broader trend of tech companies collaborating with the nuclear industry to secure clean energy sources [4][5] Company-Specific Developments - The agreement will help maintain the Clinton plant's operation, which was at risk of closure due to the expiration of its zero-emission credit [2] - The deal will also expand the plant's output by 30 megawatts, although specific terms were not disclosed [3] - Meta's commitment to nuclear energy marks its first official engagement in this sector, following a request for proposals to find nuclear energy developers [6] Industry Trends - The collaboration between tech giants and the nuclear sector is increasing, with companies like Microsoft, Google, and Amazon also making significant investments in nuclear energy [4][5] - The U.S. government is pushing for faster regulatory approvals and aims to quadruple nuclear energy by 2050, which may benefit the industry [7][8] - Constellation is considering applying for a new permit to potentially build a small modular reactor at the Clinton site, indicating ongoing developments in nuclear energy infrastructure [9]