Meta Platforms announced 20-year agreements to buy electricity from three Vistra nuclear plants in Ohio and Pennsylvania and to support development of small modular reactors (SMRs) with Oklo and TerraPower. The move positions Meta as one of the largest corporate purchasers of nuclear energy in U.S. history.
The Vistra plants include Perry and Davis-Besse in Ohio and Beaver Valley in Pennsylvania. Meta said the agreements will help finance plant expansions and extend reactor lifespans, with licenses running through at least 2036 and one Beaver Valley reactor licensed to 2047.
The company will also back SMR development, funding up to 1.2 GW with Oklo by 2030 and up to 690 MW from TerraPower as early as 2032, with rights to additional TerraPower reactors totaling up to six units by 2035. SMRs are factory-built reactors designed to lower costs, though critics question their ability to match the scale of conventional nuclear plants.
The agreements are part of Meta’s strategy to secure long-term energy for its data centers and AI operations, marking the first major increase in U.S. power demand by Big Tech in two decades. Combined, the deals provide up to 6.6 GW of nuclear power by 2035, roughly equivalent to six large-scale reactors. Shares of Oklo and Vistra rose in premarket trading following the announcement.
