Summary (tl;dr)

Meta Platforms has announced major long-term agreements with nuclear energy companies Oklo and Vistra to secure significant zero-carbon power for its artificial intelligence data centers, leading to a surge in their stock prices.

Essential Background

The rapid expansion of artificial intelligence (AI) technologies and their associated data centers has created an immense demand for reliable and clean energy. Tech giants are increasingly seeking sustainable power sources to fuel these energy-intensive operations. Oklo, an advanced fission technology company focused on small modular reactors (SMRs), went public in May 2024 through a SPAC merger with AltC Acquisition Corp., co-founded by Sam Altman. Vistra Corporation (VST) is a major integrated retail electricity and power generation company operating in competitive energy markets across the United States.

The Full Story

On January 9, 2026, both Oklo (NYSE: OKLO) and Vistra (NYSE: VST) experienced significant surges in their stock prices following announcements of substantial power agreements with Meta Platforms.

Meta has agreed to support the development of a 1.2-gigawatt modular reactor campus in Pike County, Ohio, with Oklo, specifically to power its regional data centers, including an AI supercluster in New Albany, Ohio. This partnership involves Meta making prepayments for power to help Oklo fund fuel procurement and construction, with pre-construction activities expected to commence in 2026 and initial operations targeted for as early as 2030.

Concurrently, Vistra entered into 20-year power purchase agreements with Meta to supply over 2,600 megawatts of zero-carbon energy. This energy will be sourced from three of Vistra's existing nuclear plants located in Ohio (Perry and Davis-Besse) and Pennsylvania (Beaver Valley). Deliveries are slated to begin in late 2026, with full capacity achieved by 2034 through a combination of current operations and planned equipment upgrades.

Why It Matters

These agreements underscore a growing trend among major technology companies to directly invest in and secure nuclear power to meet the escalating energy demands of their AI infrastructure. Nuclear energy is increasingly recognized as a crucial, low-carbon, and reliable baseload power source.

For Oklo, this marks its first significant commercial deal, providing essential capital and validating its advanced reactor technology at an unprecedented scale. For Vistra, the long-term power purchase agreements provide revenue certainty and support for potential license renewals of its nuclear reactors, thereby extending their operational lifespan. These partnerships are viewed as critical steps in advancing nuclear energy deployment in the United States, supporting local economies, and creating jobs within the clean energy sector.

Geographic Location

• Pike County, Ohio, United States (Oklo's planned 1.2-gigawatt modular reactor campus for Meta's data centers)
• New Albany, Licking County, Ohio, United States (location of Meta's AI supercluster data center to be powered by Oklo and Vistra)
• Perry Nuclear Power Plant, North Perry, Lake County, Ohio, United States (one of Vistra's nuclear plants supplying power to Meta)
• Davis-Besse Nuclear Power Station, Oak Harbor, Ottawa County, Ohio, United States (one of Vistra's nuclear plants supplying power to Meta)
• Beaver Valley Power Station, Shippingport, Beaver County, Pennsylvania, United States (one of Vistra's nuclear plants supplying power to Meta)
• Irving, Dallas County, Texas, United States (Vistra Corporation's headquarters, where agreements were announced)
• Santa Clara, Santa Clara County, California, United States (Oklo Inc.'s headquarters)
• New York City, New York, United States (New York Stock Exchange, where Oklo is traded)