Vistra Locks In Long-Term Nuclear Deal With Meta as AI Power Demand Accelerates

Vistra has signed 20-year power purchase agreements with Meta to supply 2.609 GW of zero-carbon nuclear power, marking one of the largest long-term clean energy deals in the US market. For Vistra, this agreement provides rare long-term revenue visibility in a sector where pricing uncertainty is usually a constant risk.

The majority of the supply, 2.176 GW, will come from existing nuclear assets at the Perry and Davis-Besse plants in Ohio. These facilities are already operational, which significantly lowers execution risk compared to building new generation capacity from scratch.

An additional 0.433 GW will be delivered through uprates across Perry, Davis-Besse, and Beaver Valley. Uprates are efficiency upgrades that allow plants to generate more power without expanding their physical footprint, making them one of the most cost-effective ways to increase output.

Power deliveries are scheduled to begin in late 2026 and will ramp steadily until full capacity is reached by 2034. This gradual rollout aligns well with the expansion timelines of large-scale data centres and AI infrastructure.

For Meta, the deal secures reliable baseload power that intermittent renewables cannot provide on their own. Nuclear energy offers consistent, zero-carbon electricity, which is increasingly critical as AI workloads push energy demand higher.

From an investor perspective, this agreement strengthens Vistra’s positioning as a core supplier to the digital economy. Long-dated PPAs like this reduce earnings volatility and support more predictable cash flows over multiple decades.

The scale and duration of the contract also highlight a broader shift in how big technology firms think about energy procurement. As power demand accelerates, nuclear assets are becoming strategic infrastructure rather than legacy generation.

For Vistra, this deal reinforces the long-term value of its nuclear portfolio and underlines why reliable, zero-carbon baseload power is back in focus for the market.