Metaplatforms (META, Financial) announced the start of construction on a colossal data center in Richland Parish, Louisiana, confirming that it would devote $10 billion to its development. The hyperscale facility will integrate large AI and digital infrastructure operations, and construction is expected to take place from December 2024 to 2030.
The data center is designed to be energy intensive. To achieve its goal of being renewable, it will partner with Entergy Corporation, which provides energy to several states, including Louisiana. Meta’s expansion aligns with its broader sustainability goals: envisioning 1 to 4 GW of nuclear power by the early 2030s to power its AI.
It should be noted that Entergy has prior authorizations for energy investments, for example to support Amazon facilities. Difficult factors can affect the use of nuclear power in such projects, including reactor regulation and uranium supply.
Meta’s stock is an example of growing energy demand in this sector as AI adoption accelerates.
This article first appeared on GuruFocus.