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Tech companies are showing interest in advanced nuclear power while also continuing to invest in renewable energy sources. Meta, for example, recently signed a deal for 595 megawatts of solar power in Texas, adding to its existing renewable capacity. This move is in line with the company’s ambitious AI strategy, which requires significant capital investments in data centers.
Meta is focused on developing its open source Llama 4 model to compete with closed-source AI models like OpenAI and Anthropic. The company plans to invest $60 billion in capital expenditures this year, with a major portion allocated to data center infrastructure. Like its peers, Meta is also considering nuclear power for stable energy supply, aiming to add 1 to 4 gigawatts of capacity by the early 2030s.
Despite the potential of nuclear power, the slow construction timeline and unproven technology of advanced reactors pose challenges. In contrast, renewable energy sources like solar farms can be deployed much faster – within 18 months in some cases. This speed of deployment has attracted tech companies, with Meta and others making significant investments in renewable energy projects. For instance, Meta recently purchased 200 megawatts of solar power and Microsoft and Google are also involved in large-scale renewable energy initiatives with various partners.
