The Breakdown 28

• Meta Platforms has secured landmark agreements with nuclear power companies Vistra, Oklo, and TerraPower to supply over 6.6 gigawatts of nuclear energy for its expanding artificial intelligence data centers, enough to power around 5 million homes.
• Aiming to become one of the largest corporate buyers of nuclear energy in the U.S., Meta is strategically positioning itself to meet the rising electricity demands fueled by cutting-edge AI technology.
• The collaboration with Oklo includes plans for a 1.2-gigawatt nuclear power campus in Ohio, showcasing Meta's commitment to innovative energy solutions tailored for its data center operations.
• Backed by Bill Gates, TerraPower's involvement underscores the tech industry's shift toward sustainable energy sources, as businesses prioritize reliability and environmental responsibility.
• These strategic moves mark a significant evolution in how tech giants plan for their future energy needs, addressing both climate change challenges and the unprecedented power requirements of a data-driven world.
• Market reactions have been swift, with Oklo's stock surging nearly 20% following the announcement, highlighting investor enthusiasm for clean energy innovations in the tech sector.