Meta has signed a 20-year agreement to buy nuclear energy from a power plant in Illinois.
The company said that the decision helps support its long-term energy needs as it builds more artificial intelligence (AI) tools and services.
Starting in 2027, Meta will begin receiving 1.1 gigawatts of electricity from the Clinton Clean Energy Center, run by Constellation. The deal was announced on June 3 and ensures the plant stays open through at least 2047.
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Meta stated that nuclear energy is a dependable option for meeting future demand. AI systems and data centers already consume large amounts of electricity, and this usage is expected to continue rising.
This agreement helps keep the Clinton plant in operation while also adding 30 megawatts of new capacity to the local power grid.
Meta also pointed out that this partnership will help keep over 1,100 people employed and bring in around $13.5 million in taxes each year. Notably, none of this will rely on Illinois’ Zero Emission Credit (ZEC) program, which was created to financially support nuclear energy without increasing costs for residents.
Additionally, Constellation said the new deal with Meta will allow the plant to continue operating after that point without needing further support from the state.
Several state officials, including Representative Regan Deering, called the deal a smart investment for the local economy.
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Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
