Meta Platforms

METATechnology·Market Cap: $1.6T

Total Deals

64

Total Capacity

22.3 GW

Disclosed Investment

$2.0B

Disclosed transactions only

Deal Period

First: Nov 2013

Latest: Feb 2026

Strategy Breakdown

Business Context

  • Meta guided 2026 capex of $115–135 billion, roughly double the $72.22 billion spent in 2025, driven by AI infrastructure.
  • Prometheus, a 1-gigawatt AI supercluster in New Albany, Ohio, is scheduled to come online in 2026.
  • Richland Parish, Louisiana data center announced December 2024 will deliver over 2 gigawatts of compute capacity.

Commitments

  • Net zero emissions across entire value chain by 2030.
  • Reduce Scope 1 and 2 emissions by 42% in 2031 from a 2021 baseline.
  • Requires renewable procurements derive from the same grids where its data centers operate.

Energy Strategy

A rapid pivot from solar-dominated procurement to a diversified portfolio anchored by nuclear baseload, with 6.6 GW of nuclear capacity secured in January 2026 alone to support gigawatt-scale AI clusters.

  • 2026 Vistra nuclear PPAs (Perry, Davis-Besse, Beaver Valley) deliver 2.61 GW of existing fleet capacity plus 433 MW of uprates by early 2030s—largest corporate-backed nuclear uprates in U.S. history.
  • January 2026 deals with Oklo (1.2 GW advanced nuclear campus, Pike County OH) and TerraPower (up to 8 Natrium units, 2.8 GW baseload) target 2030–2035 delivery.
  • December 2025 NextEra portfolio (2.49 GW solar + storage across ERCOT, SPP, MISO) and 2025 Constellation Clinton nuclear VPPA (1.1 GW) bracket the nuclear pivot.
  • Solar remains the largest technology by deal count (44 deals, 12.66 GW), but nuclear now dominates recent capacity additions, reflecting AI compute's demand for firm, around-the-clock power.

Investment Timeline

PPA
Equity
JV/Partnership

Deal Breakdown

By Category

64deals
PPA
JV/Partnership
Equity

By Energy Type

Solar
Nuclear
Storage
Wind
Geothermal

Geographic Footprint

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All Deals

DateDealCapacityValueCategory
Feb 2026

Meta – MN8 Energy / Walker Solar Pennsylvania PPA

MN8 Energy LLC (New York-based renewable energy and battery storage)

80 MWPPA
Feb 2026

Meta – Zelestra Skull Creek Solar EAPA (Texas, 176 MW)

Zelestra (formerly Cypress Creek)

176 MWPPA
Jan 2026

Meta – Oklo Advanced Nuclear Development Agreement (Pike County, Ohio)

Oklo Inc. (California-based; NYSE: OKLO)

1.2 GWJV/Partnership
Jan 2026

Meta – Vistra Nuclear PPAs (Perry + Davis-Besse OH + Beaver Valley PA)

Vistra Corp.

2.6 GWPPA
Jan 2026

Meta – TerraPower Natrium Advanced Nuclear Development Agreement

TerraPower (nuclear innovation company; founded by Bill Gates, Nathan Myhrvold, John Gilleland)

690 MWJV/Partnership
Dec 2025

Meta – NextEra Energy Resources Solar + Storage Portfolio (2.5 GW)

NextEra Energy Resources; Public Service Company of New Mexico (PNM)

2.5 GWPPA
Nov 2025

Meta – Treaty Oak Clean Energy Louisiana Solar PPAs (Beekman + Hollis Creek)

Treaty Oak Clean Energy

385 MWPPA
Oct 2025

Meta – ENGIE North America / Swenson Ranch Solar (Texas, 600 MW)

ENGIE North America

600 MW$900MPPA
Aug 2025

Meta – Pine Gate Renewables Magnolia Solar PPA (Texas, 210 MW)

Pine Gate Renewables

210 MWPPA
Jul 2025

Meta – Enbridge / Clear Fork Solar Texas PPA

Enbridge Inc. (Canada)

600 MW$900MPPA
Jun 2025

Meta – Invenergy Solar + Wind EAPAs (791 MW — OH, AZ, TX)

Invenergy

791 MWPPA
Jun 2025

Meta – Constellation Energy / Clinton Clean Energy Center Nuclear VPPA

Constellation Energy

1.1 GWPPA
May 2025

Meta – AES Corporation Solar PPAs (Texas + Kansas, 650 MW)

AES Corporation

650 MWPPA
May 2025

Meta – Canadian Solar Midpoint + Gaia Solar PPAs (Texas, 311 MW)

Canadian Solar / Recurrent Energy

311 MWPPA
Mar 2025

Meta – Sembcorp Singapore Floating Solar PPA (Kranji Reservoir)

Sembcorp Solar Singapore Pte Ltd (Sembcorp Industries subsidiary)

150 MWPPA
Mar 2025

Meta – RWE / Waterloo Solar Texas

RWE Clean Energy

200 MWPPA
Feb 2025

Meta – Cypress Creek Renewables / Hanson Solar Texas EAPA (505 MWdc / 396 MWac)

Cypress Creek Renewables

396 MWPPA
Feb 2025

Meta – Enel Green Power Rockhaven Wind VPPA (Oklahoma, 115 MW)

Enel North America / Enel Green Power

115 MWPPA
Jan 2025

Meta – Zelestra Texas Solar EAPAs (595 MW — Hopkins, Lamar, Lampasas, Henderson Counties)

Zelestra (formerly Solarpack, Spanish renewable energy company)

595 MWPPA
Jan 2025

Meta – ENGIE North America / Anson 2 Solar (Texas, 200 MW)

ENGIE North America

200 MWPPA