Overview
- Meta signed 20-year PPAs with Vistra to buy power from the Perry and Davis-Besse plants in Ohio and Beaver Valley in Pennsylvania, totaling about 2,176 MW plus 433 MW from planned uprates feeding the PJM grid.
- Partnerships with Oklo and TerraPower aim to add next‑generation capacity in the early 2030s, with Oklo targeting up to 1.2 GW in Ohio as early as 2030 and TerraPower planning two Natrium units up to 690 MW around 2032 and rights to six more by 2035.
- The agreements expand Meta’s nuclear portfolio, which together with last year’s Constellation deal could reach roughly 6.6 GW by 2035, though financial terms were not disclosed.
- Shares of Vistra and Oklo jumped by double digits following the announcement, reflecting investor optimism about long‑term nuclear demand from hyperscalers.
- Meta says the deals will help power its Prometheus supercluster in Ohio expected online this year, while acknowledging SMR projects still require regulatory approvals and multi‑year construction.