Bloomberg Tech Meta to Become the Biggest Nuclear Buyer Among Hyperscalers
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Jan 9, 2026 Paul Meeks, Managing Director at Freedom Capital Markets, shares his insights on Meta's groundbreaking nuclear energy deals, positioning it as the largest nuclear buyer among its peers. He discusses the pressing energy and construction bottlenecks impacting AI growth and the shift of tech analysts towards utilities in response to these constraints. Additionally, the podcast explores China's MiniMax going public and Snowflake's strategic acquisition of Observe, shedding light on the evolving landscape of AI and data infrastructure.
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Meta's Nuclear Power Play
- Meta struck three different electricity agreements to support up to 6.6 gigawatts of nuclear energy for AI data centers.
- The deals both preserve existing plants and fund future nuclear capacity as part of Meta's low-carbon energy strategy.
Mixed Energy Sourcing For AI
- Meta routes power to Prometheus and Hyperion clusters, mixing nuclear and dedicated natural gas.
- Nuclear is one pillar but Meta is also commissioning gas plants to meet near-term AI demand.
Deals As Future-Proofing For Nuclear
- Meta began exploring nuclear investments two years ago after hearing plants risked shuttering without funding.
- The deals act as future-proofing to keep existing nuclear capacity online for AI demand.