Meta Pushes Into Power Trading as AI Sends Demand Soaring

Core Viewpoint - Meta Platforms Inc. has applied to sell electricity in wholesale markets, indicating a strategic move to address increasing power demands driven by advanced AI development [1][2] Group 1: Company Actions - Meta submitted an application to the Federal Energy Regulatory Commission to obtain authorization for selling energy, capacity, and ancillary services [1] - The application was filed through a subsidiary, Atem Energy LLC, which is designated to act as a power marketer in the US [2] Group 2: Industry Context - Major technology companies, including Meta, Microsoft, and Alphabet's Google, are facing urgent challenges in securing electricity as they develop resource-intensive AI systems [1] - Projections from BloombergNEF suggest that power demand from data centers for AI model development is expected to quadruple over the next decade [1]