Meta right now introduced three offers to offer its knowledge facilities with nuclear energy: one from a startup, one from a smaller vitality firm, and one from a bigger firm that already operates a number of nuclear reactors within the U.S.
Oklo and TerraPower, two corporations creating small modular reactors (SMR), every signed agreements with Meta to construct a number of reactors, whereas Vistra is promoting capability from its present energy vegetation.
Nuclear energy has develop into a popular energy supply for tech corporations as their AI ambitions have grown, offering steady 24/7 electrical energy. Startups and present reactors have benefited from the race for knowledge heart energy, although in numerous methods.
Present reactors are typically the most affordable type of baseload capability, however there are solely so many to go round, which has pushed Meta and its friends towards SMR startups. Corporations like Oklo and TerraPower are betting that by constructing numerous smaller reactors, they’ll be capable of convey the fee down by mass manufacturing. It’s a believable speculation, although one which has but to be examined. Meta’s deal might give SMR startups an opportunity to show it.
The offers are the results of a request for proposals that Meta issued in December 2024, during which Meta sought companions that might add between 1 to 4 gigawatts of producing capability by the early 2030s. A lot of the brand new energy will stream by the PJM interconnection, a grid which covers 13 Mid-Atlantic and Midwestern states and has develop into saturated with knowledge facilities.
The 20-year settlement with Vistra could have probably the most instant influence on Meta’s vitality wants. The tech firm will purchase a complete of two.1 gigawatts from two present nuclear energy vegetation, Perry and Davis-Besse in Ohio.
As a part of the deal, Vistra can even add capability to these energy vegetation and to its Beaver Valley energy plant in Pennsylvania. Collectively, the upgrades will generate an extra 433 MW and are scheduled to return on-line within the early 2030s.
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Meta can also be shopping for 1.2 gigawatts from younger supplier Oklo. Beneath its cope with Meta, Oklo is hoping to begin supplying energy to the grid as early as 2030. The SMR firm went public through SPAC in 2023, and whereas Oklo has landed a big cope with knowledge heart operator Swap, it has struggled to get its reactor design accredited by the Nuclear Regulatory Fee.
If Oklo can ship on its timeline, the brand new reactors could be inbuilt Pike County, Ohio. The startup’s Aurora Powerhouse reactors every produce 75 megawatts of electrical energy, and it might want to construct greater than a dozen to meet Meta’s order.
TerraPower is a startup co-founded by Invoice Gates, and it’s aiming to begin sending electrical energy to Meta as early as 2032. It has designed a reactor that makes use of molten sodium to switch vitality from reactor to generator. When demand is low, the superheated salt might be saved in an insulated vat till extra energy is required. The reactor can generate 345 megawatts of electrical energy, whereas the storage system can present an extra 100 to 500 megawatts for greater than 5 hours.
The corporate has navigated the NRC course of extra easily, and it’s working with GE Hitachi to construct its first energy plant in Wyoming. Its first two reactors for Meta would supply 690 megawatts, and Meta mentioned it has rights to purchase one other six models for a complete of two.8 gigawatts of nuclear capability and 1.2 gigawatts of storage.
Meta didn’t disclose monetary phrases of the offers.
The ability purchases from Vistra are sure to be the most affordable — electrical energy from already working nuclear reactors is among the many least expensive on the grid.
Prices for SMRs nonetheless have but to be labored out. A number of startups have aggressive price targets: TerraPower has estimated that it might convey it right down to $50 to $60 per megawatt-hour, whereas Oklo has mentioned it’s aiming for $80 to $130 per megawatt-hour. These figures are for later energy vegetation — the primary examples are prone to price extra.
