Meta's pact to accelerate AI growth boosts nuclear shares

crypthub

about 14 hours ago

Deal Overview

Meta has signed a 20‑year nuclear power agreement with Visura, Oklo and TerraPower to supply its Prometheus AI data center. The contracts secure enough clean energy for roughly 5 million homes and target up to 6.6 GW of new and existing capacity by 2035. Meta will receive over 2.1 GW from Visura’s Ohio plants and additional output from expansions in Pennsylvania.

Partner Contributions

Visura will deliver 2,609 MW between 2026 and 2034, combining its 2,176 MW base with about 433 MW of new generation. Oklo’s deal backs a 1.2 GW modular reactor campus in Ohio, feeding regional data centers and the New Albany AI supercluster. TerraPower will fund two Natrium units producing 690 MW by 2032 and grant rights to up to six more units totalling 2.1 GW by 2035.

Market and Industry Impact

Visura’s share rose 10.5% and Oklo’s climbed 7.9% after the announcement, with trading volume surging on both stocks. Meta’s commitment makes it one of the largest corporate nuclear consumers in U.S. history and gives Visura licensing certainty. The deals are expected to bolster the mid‑Atlantic grid, create jobs, and support Meta’s AI power needs.