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New York.- The tech giant Meta announced this Tuesday that it signed a 20-year agreement to purchase nuclear energy from Constellation Energy, to obtain the enormous amounts of electricity it needs to fuel its plans in artificial intelligence (AI).
The announcement does not reveal the financial details of this firm's agreement, but Constellation CEO, Joe Domínguez, stated that the deal with Meta would help cover the costs of license renewal, updates, and maintenance of the Clinton Clean Energy Center in Illinois.
"This is billions of dollars of capital being signed to operate a plant for 20 more years," Dominguez stated in a statement.
Following the announcement, Constellation Energy shares rose nearly 12% in premarket electronic trading.
Starting in June 2027, Meta will purchase approximately 1.1 gigawatts of energy from the Clinton center, representing the total output of the complex's only nuclear reactor.
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The plant will not directly feed Meta's data centers; instead, it will continue to supply power to the regional grid, contributing to the tech giant's goal of obtaining 100% clean electricity.
"Ensuring clean and reliable energy is necessary to continue driving our ambitions in artificial intelligence," said Urvi Parekh, Meta's global energy director, and said they are proud to contribute to keeping the Clinton plant operating for years to come.Last year, Constellation announced that it would restart Three Mile Island and sell the energy to Microsoft thanks to a 20-year agreement.
