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Meta aims to enter the electricity trading sector to support its data centers’ energy needs. The company seeks federal approval to trade power, similar to Microsoft, while Apple has already secured such permission. This strategy allows Meta to secure long-term energy contracts and reduce risks by reselling excess power. Urvi Parekh, Meta’s global energy head, emphasized the need for tech companies to invest in power infrastructure. Bloomberg highlights the massive energy demands of AI data centers, citing three new gas plants required for Meta’s Louisiana campus.
Key facts
- Meta is pursuing federal approval to participate in electricity trading markets.
- The initiative enables long-term energy contracts while allowing power resales to mitigate risks.
- Urvi Parekh stressed the importance of tech firms committing capital to power infrastructure.
- Meta’s Louisiana data center campus requires three new gas-powered plants to meet energy demands.
- Apple has already received federal approval for similar power trading activities.
