Meta's Electrifying New Venture: Power Trading
- Sarah Ruivivar
- 2 days ago
- 1 min read
Meta is about to zap its way into the electricity trading business!
In a bid to supercharge the construction of new power plants for its data centres, Meta is seeking federal approval to trade power, following in Apple's electrifying footsteps.
Why the high-voltage interest? Well, Meta wants to make long-term commitments to buy electricity from new plants while keeping its options open to resell some of that power in wholesale markets. This strategic move could help mitigate risks and ensure a steady flow of energy for their ambitious AI data centre plans.
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Urvi Parekh, Meta’s head of global energy, highlighted the need for tech giants to actively participate in power expansion. Without their involvement, the pace of development just isn’t cutting it. And with Meta’s Louisiana data centre campus requiring at least three new gas-powered plants, the energy demand is nothing short of electrifying!
So, get ready for Meta to light up the energy market, bringing a spark of innovation to the world of power trading.
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