Stock market data and financial news outlets reporting Meta's stock price

Meta to Add Up to 4 GW Nuclear Power for AI Data Centers by 2030s; Stock Hits New High

Dec 3, 2024, 09:55 PM

Meta Platforms Inc., the parent company of Facebook, announced plans to power its data centers with nuclear energy, targeting the addition of 1 to 4 gigawatts of new nuclear generation capacity in the United States by the early 2030s. The company has issued a request for proposals (RFP) seeking partnerships with nuclear energy developers to help meet its artificial intelligence (AI) and sustainability objectives. Meta's move aligns it with other tech giants like Amazon and Google, which are also turning to nuclear power to fuel energy-intensive AI data centers while reducing carbon emissions. The initiative may involve developing new reactors, including small modular reactors (SMRs) or microreactors, to enhance grid reliability and support the growing energy demands of AI infrastructure. Following the announcement, Meta's stock hit a new all-time high, reflecting investor confidence in the company's strategic direction.