Meta Aims to Meet Its AI Energy Needs Through Electricity Trading

Meta (i) ventures into the complex world of electricity trading, betting that the company can accelerate the construction of new U.S. power plants essential for its ambitions in the AI sector. Strategic Entry into the Electricity Market The push into electricity trading comes after Meta heard from investors and power plant developers that too few power buyers were willing to make the early, long-term commitments required to spur investments, said Urvi Parekh, head of the company's global energy division. Trading electricity will give the company...