TLDR
- Vistra signed 20-year power purchase agreements with Meta for 2,600+ megawatts of nuclear electricity
- Deal includes 2,176 MW from Perry and Davis-Besse nuclear plants in Ohio
- Additional 433 MW coming from upgrades at three facilities by 2034
- Power delivery to Meta data centers begins late 2026
- VST stock surged 11% in premarket trading Friday
Vistra and Meta Platforms signed long-term nuclear energy agreements Friday to supply carbon-free power through the PJM grid. The contracts span two decades and support Meta’s data center electricity needs.
Vistra will deliver more than 2,600 megawatts of nuclear electricity under the power purchase agreements. The energy mix includes output from three operating plants plus capacity from planned upgrades.
Meta is buying 2,176 MW from the Perry and Davis-Besse nuclear stations in Ohio. Another 433 MW will come from equipment enhancements at Perry, Davis-Besse and Beaver Valley in Pennsylvania.
Power Delivery Schedule
Initial power flow under the contracts begins in late 2026. Vistra plans to bring additional capacity online gradually through 2034 as upgrades complete.
VST stock jumped over 11% in Friday’s premarket session. The stock led S&P 500 gainers during early trading.
Meta’s Data Center Strategy
Meta signed parallel agreements with Oklo and TerraPower on Friday. The company is securing nuclear power sources to fuel artificial intelligence expansion.
“At Meta, we are investing in nuclear energy because it provides clean, reliable power that is essential for advancing our AI ambitions and strengthening American leadership in energy innovation,” said Urvi Parekh, Meta’s Head of Global Energy. The agreements support Meta’s regional data centers and AI supercluster in New Albany.
Oklo reached a separate deal to develop a 1.2 gigawatt campus in Pike County, Ohio. The agreement includes prepayment terms allowing Meta to fund Oklo’s Aurora reactor development.
Oklo stock climbed 17% in premarket trading. The company targets first phase completion by 2030 with full capacity by 2034.
Cantor raised Meta’s price target to $750 from $720 Thursday with an Overweight rating. The firm expects AI to boost growth for major internet companies in 2026.
VST stock has fallen 9% over the past 12 months. The Meta contracts represent a major commercial win as data center power demand increases across the industry.
