• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Meta latest tech company to embrace nuclear

by December 4, 2024
written by December 4, 2024

Investing.com — Meta Platforms Inc (NASDAQ:META) on Wednesday said it will issue a “request for proposals” to identify nuclear energy developers capable of delivering 1-4 gigawatts of new nuclear generation capacity in the U.S by 2030, to power the energy-intensive operations of its data centers, behind its artificial intelligence (AI) tech ambitions.

The demand for electricity in the U.S. has surged with the expansion of AI and cloud computing driven by the needs of Big Tech.

Microsoft Corporation (NASDAQ:MSFT) has recently said it was planning to the restart of a nuclear reactor at Three Mile Island as part of its energy strategy, also to power its AI servers.

Nuclear energy, which is nearly carbon-free and widely regarded as more reliable than renewable sources like solar and wind, is gaining traction among technology companies striving to meet their climate goals while ensuring uninterrupted power supply.

“We are looking to identify developers that can help accelerate the availability of new nuclear generators and create sufficient scale to achieve material cost reductions by deploying multiple units, both to provide for Meta’s future energy needs and to advance broader industry decarbonization,” Meta added.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
AI to continue boosting US stocks next year, BlackRock says
next post
Canada’s RBC profit beats estimates on HSBC buy, wealth management strength

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Netflix says its ad tier now has 94 million monthly active users

      May 15, 2025
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

      May 15, 2025
    • YouTube will stream NFL Week 1 game in Brazil for free

      May 15, 2025
    • 5 new Uber features you should know — including a way to avoid surge pricing

      May 15, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (463)
    • Stock (6,426)

    Latest News

    • Netflix says its ad tier now has 94 million monthly active users
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

    Popular News

    • Walmart stock set for best year since 1999 as profits jump
    • Earnings call: PostNL projects normalized EBIT of €80 million for 2024

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy