Meta Secures Landmark 2.6 GW Nuclear PPA with Vistra to Power AI Data Centers
In January 2026, Meta entered into a series of massive 20-year power purchase agreements (PPAs) with Vistra Corp. (NYSE: VST) for more than 2,600 MW (specifically 2,609 MW) of electricity to support its growing artificial intelligence operations in the PJM grid region. The deal represents one of the largest corporate nuclear PPAs in history and highlights how hyperscalers are directly underwriting the economics of existing nuclear facilities.
The agreement is structured as follows:
- Existing Generation: Meta will purchase 2,176 MW of power generation from Vistra's single-unit Ohio nuclear plants, Davis-Besse and Perry.
- Nuclear Uprates: Meta will purchase an additional 433 MW of power-output increases (uprates) from Davis-Besse, Perry, and Vistra's Beaver Valley plant in Pennsylvania.1
- License Extensions: Underwritten by Meta's long-term commitment, Vistra will submit Subsequent License Renewal (SLR) applications to the Nuclear Regulatory Commission (NRC) to extend the operating licenses of all three facilities by an additional 20 years2.
Meta's purchases will begin in late 2026, with the full contracted capacity online by 2034. The deal provides Vistra with the capital certainty required to invest heavily in its fleet, transforming plants that were slated for early retirement just a few years ago into highly valuable, long-term clean energy assets3.
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An instance of The fastest new AI power comes from old reactors, not new construction. — Meta's 20-year commitment buys uprates and license extensions on plants once slated for early retirement — value extracted from the old fleet, not new construction. ↩︎
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An instance of The commercial leverage of clean electricity shifts from discount seeking to long-term asset underwriting. — A 20-year corporate PPA now directly underwrites uprates and license extensions, replacing merchant risk with hyperscaler credit on the operating fleet. ↩︎
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An instance of Scaling artificial intelligence requires technology giants to directly finance the resurrection of nuclear power. — Meta's 20-year, 2,609 MW commitment is a technology giant directly financing the resurrection of nuclear plants once headed for retirement, including uprates and 20-year license extensions. ↩︎