Meta Platforms agrees to buy nuclear power from Oklo and Vistra for AI data centers

Meta Platforms Inc. has agreed to purchase nuclear power from Oklo Inc. and Vistra Corp. to fuel its artificial-intelligence data centers. This agreement involves a 20-year deal with Vistra for existing plants and a separate deal with Oklo to advance small modular reactor development, boosting shares of both companies. The move signifies a growing trend of tech giants seeking new energy sources for data centers, potentially revitalizing the nuclear industry amidst rising energy demands.