Meta partners with space startup Overview Energy to secure solar power for data centers

Overview Energy is developing a system that can collect solar energy in space and ‌beam it ⁠to ⁠facilities on the ground for power generation around the clock. Initial orbital ​demonstration of the system is expected in 2028, with commercial power...

Meta partners with space startup Overview Energy to secure solar power for data centers
Meta Platforms has signed an agreement with Overview Energy to secure power from the startup's space-based solar energy infrastructure for the Facebook parent's data centers by the end of the decade.

Overview Energy is developing a system that can collect solar energy in space and ‌beam it ⁠to ⁠facilities on the ground for power generation around the clock. Initial orbital ​demonstration of the system is expected in 2028, with commercial power delivery ​in 2030, the companies said.

The agreement grants Meta early access to up to 1 gigawatt of capacity from Overview's system, ​the companies added. Financial terms of ⁠the deal ‌were not disclosed.


"Space solar technology represents a transformative step forward by leveraging existing terrestrial infrastructure to deliver ⁠new, uninterrupted energy from orbit," Nat Sahlstrom, vice president of energy and sustainability at Meta, said.

Like its Big Tech peers, Meta has been securing long-term energy supply deals as the surging use of artificial intelligence and the data center boom put pressure on the existing U.S. power grid. Tech companies are also turning to ‌new power sources as they face pushback from environmental and consumer groups.

Meta is building several gigawatt-scale ​data centers ​across the U.S., ⁠including one in rural Louisiana, a project U.S. President Donald Trump has said would cost $50 billion, and span a site comparable ​in size to a significant part of Manhattan.
ADVERTISEMENT

The social media giant has also partnered with companies such as Vistra, Oklo and TerraPower, positioning it as one of the leading corporate buyers of nuclear power in the world.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Tech & Internet › Meta partners with space startup Overview Energy to secure solar power for data centers
Text Size:AAA
Success
This article has been saved

*

+