Meta Joins Electricity Trading, Speeds Power Plant Construction
Update: 2025-11-22
Description
Meta, the parent company of Facebook and Instagram, is venturing into the electricity trading business to expedite the construction of new power plants, crucial for their burgeoning data centers and AI ambitions. Both Meta and Microsoft are seeking federal approval, following Apples lead. Meta aims to make long-term power purchase commitments and manage risks by selling excess power. Urvi Parekh, Metas energy head, emphasizes the need for major consumers like Meta to advocate for more power, as developers struggle to keep up with demand. This trend reflects tech giants increasing involvement in energy infrastructure to support their growth and technological pursuits.
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