3 days ago
Meta's Deal for Nuclear Power Is Likely Cheaper Than Microsoft's, Jefferies Says
By and Naureen S Malik
Corrected
June 3, 2025 at 12:58 PM EDT
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Surging demand for power to run artificial intelligence just prompted Meta Platforms Inc. to enter a 20-year contract with the biggest US nuclear operator, penning a deal that's likely to be priced at a cheaper rate than a similar agreement rival Microsoft Corp. entered last year.
The parent company of Facebook, Instagram and WhatsApp will probably be paying about $80 per megawatt hour for energy from the Clinton plant in Illinois, according to Paul Zimbardo, an analyst at Jefferies LLC, who made the forecast based on company guidance.
