Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2024
  • December
  • Meta seeks nuclear power developers for reactors to start in early 2030s
  • Business

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

Editor December 3, 2024 2 minutes read
2024-12-03T205938Z_1_LYNXNPEKB20ZX_RTROPTP_4_USA-META-NUCLEAR

WASHINGTON (Reuters) – Meta said on Tuesday 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 power demand.

The company wants to add 1 to 4 gigawatts of new U.S. nuclear generation capacity starting in the early 2030s, it said in a release. A typical U.S. nuclear plant has a capacity of about 1 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.

U.S. data center 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.

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 center. The announcement follows a similar agreement in March in which Amazon.com, purchased a nuclear-powered data center 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 U.S. nuclear plants.

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

(Reporting by Timothy Gardner; editing by Jonathan Oatis)

About the Author

Editor

Administrator

Visit Website View All Posts

Post navigation

Previous: Amazon announces new slate of AI models
Next: Software startup ServiceTitan seeks up to $5.2 billion valuation in US IPO

Related Stories

2026-04-23T174018Z_1_LYNXMPEM3M19W_RTROPTP_4_NASDAQ-FAST-ENTRY
  • Business

Nasdaq to launch new products ahead of extended trading hours plan

Editor April 23, 2026
2026-04-22T144858Z_1_LYNXMPEM3L0ZG_RTROPTP_4_AB-INBEV-ECOVER-UPCYCLING
  • Business

Budweiser-maker Anheuser-Busch lays out $600 million investment plan for US facilities

Editor April 22, 2026
2026-04-17T131511Z_1_LYNXMPEM3G0T8_RTROPTP_4_IRELAND-ECONOMY
  • Business
  • Economy

State Street’s profit rises on robust fee income

Editor April 17, 2026

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting your email address, you'll receive a free subscription to Options Trading Report newsletter (Privacy Policy). These newsletters are completely free - and always will be. You will also receive occasional offers about products and services available to you from our affiliates. You can unsubscribe at any time.

Search

Recent Posts

  • Microsoft Reports April 29. The Market’s Problem Isn’t Earnings.
  • Nasdaq to launch new products ahead of extended trading hours plan
  • Budweiser-maker Anheuser-Busch lays out $600 million investment plan for US facilities
  • The “Ceasefire Dividend” in Crypto
  • The Copper Squeeze and Battery Metals: When Tech Demand Hits Physical Limits

Categories

  • Business
  • Domestic
  • Economy
  • Market News
  • Newsletters
  • Options
  • Reflections
  • Top News

You may have missed

  • Newsletters

Microsoft Reports April 29. The Market’s Problem Isn’t Earnings.

Editor April 23, 2026
2026-04-23T174018Z_1_LYNXMPEM3M19W_RTROPTP_4_NASDAQ-FAST-ENTRY
  • Business

Nasdaq to launch new products ahead of extended trading hours plan

Editor April 23, 2026
2026-04-22T144858Z_1_LYNXMPEM3L0ZG_RTROPTP_4_AB-INBEV-ECOVER-UPCYCLING
  • Business

Budweiser-maker Anheuser-Busch lays out $600 million investment plan for US facilities

Editor April 22, 2026
  • Newsletters

The “Ceasefire Dividend” in Crypto

Editor April 22, 2026
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2026 © All rights reserved | Options Trading Report | optionstradingreport.com SITE_OK