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Meta seeks nuclear power developers for reactors to start in early 2030s

December 3, 2024
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Meta seeks nuclear power developers for reactors to start in early 2030s
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META said on Tuesday (Dec 3) it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to take interest in atomic power amid an expected boom in electricity demand.

The company wants to add one to four gigawatts of new US nuclear generation capacity starting in the early 2030s, it said in a release. A typical US nuclear plant has a capacity of about one gigawatt.

“At Meta, we believe nuclear energy will play a pivotal role in the transition to a cleaner, more reliable, and diversified electric grid,” the company said in a release.

US data centre power use is expected to roughly triple between 2023 and 2030 and will require about 47 gigawatts of new generation capacity, according to Goldman Sachs estimates.

But it will be tough to swiftly meet soaring power demand with nuclear reactors, as companies face an overburdened US Nuclear Regulatory Commission, potential uranium fuel supply obstacles and local opposition.

Microsoft and Constellation Energy announced a deal in September to restart a unit at the Three Mile Island plant in Pennsylvania in what would be the first-ever restart for a data centre.

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That announcement followed a similar agreement in March in which Amazon.com, purchased a nuclear-powered data centre from Talen Energy.

Meta said it is seeking developers with expertise in community engagement, development and permitting, and would consider either small modular reactors, an emerging part of the business that is not yet commercial, or larger nuclear reactors similar to today’s fleet of US nuclear plants.

Meta said it will take submissions from developers that want to take part in the request for proposals until Jan 3, 2025.

The company said it was using the request-for-proposal (RFP) process because, compared to renewable energy projects such as solar and wind, nuclear is more capital-intensive, takes longer to develop, and is subject to more regulatory requirements.

“An RFP process will allow us to approach these projects thoroughly and thoughtfully with these considerations in mind,” it said. REUTERS



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Tags: 2030sDevelopersEarlymetaNuclearPowerReactorsSeeksstart
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I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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