Meta buys a nuclear power plant (more or less)

Meet Declaration On Tuesday morning, it was providing a few billion dollars to keep running by an Illinois nuclear power plant 2047. The Social Media Organization will purchase all “Clean Energy Attributes” at Clinton Clean Energy Center in the constellations of a 1.1 gigawatt nuclear power plant in Mid Illinois, which began in June 2027.

Electricity will still flow to the local grid, so the purchase of Mater will not give direct electricity to one of its data centers, though the company has one of the two hours north of Clinton’s Clinton. Rather, this agreement is somewhat carbon accounting to reduce the company’s overall climate effect. It does not reduce the emission of the grid, but prevents them from increasing their potential growth.

No company has disclosed the proper financial terms, but will help the multi-billion dollar contract to displace the plant and guarantee a customer for the expansion period of that license.

Large technology companies – Meta – has recently become vocal supporters in the separation industry. Prior to the recent rise in the construction of the data center, nuclear reactors face cheap air, solar and natural gas to reduce their power generating costs to reduce their power generation costs. However the enthusiasm for AI and Cloud Computing has sent technology agencies in search of electricity, causing one side to one Investment String In atomic starting.

The Meta and the constellations have been indicated in the agreement as a way to save the nuclear power plant from the shutdown, though both did not say that it was at the imminent risk of closing.

The power supplier planned to close the clinton reactor initially June 2017 Since it faced rigorous competition from cheap natural gas, Illinois MLAs have resigned Including subsidies It encouraged the constellation to turn the lights on. These subsidies are about to expire in 2027 and the constellations say that the meta will help prevent the contract closure.

However, the stars have not threatened to close the Clinton power plant since 2017. Instead of, in 2022, agency D This will apply to increase the operating license of the reactor by 2047.

The TechCrunch Meta Agreement has asked the constellation about his plan for the Clinton Power Plant before implementing the Meta Meta Agreement and we will update this article if we get an answer. Probably the company could have leaned towards retairs, indicating some of the stars today Press release: Agreement with Meta “Originally replaces ZEC [zero-emission credit] Programs and Ratepiers ensure long -term activities of the plant without support. “

Meta and its big technology colleagues have risen to the heel for nuclear power lately. Meta itself declared earlier this year that it was Seek It will produce 1-4 gigawatt strength. Today, the company has said that it has submitted more than 50 qualified for the site in more than 20 states.

Through the Meta Agreement, the constellation has landed another major technology sponsor for its nuclear fleet. In September, the power supplier said that it would be Restart a furnace Microsoft is on the island of Three Mile after agreeing to buy all the consequences.