financetom
Business
financetom
/
Business
/
Meta to invest $10 billion for Louisiana data center
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta to invest $10 billion for Louisiana data center
Dec 4, 2024 12:47 PM

Dec 4 (Reuters) - Facebook-parent Meta said on

Wednesday it plans to invest $10 billion to set up an AI data

center in Louisiana, in what would be the tech company's largest

data center in the world.

The hyperscaler data center, which is planned in Richland

Parish, is designed to process huge amounts of data required to

support digital infrastructure, including artificial

intelligence workloads.

The development comes a day after Meta said it was seeking

proposals from nuclear power developers to help meet its AI and

environment goals, adding that it wanted to add 1 to 4 gigawatts

of new U.S. nuclear generation capacity starting in the early

2030s.

AI computing has led to a massive surge in the energy needs

of Big tech companies such as Amazon ( AMZN ) and Microsoft, sparking a

renewed interest in nuclear power.

But it will be tough to swiftly meet soaring power demand

with just nuclear energy due to an ageing fleet of reactors, an

overburdened U.S. Nuclear Regulatory Commission, potential

uranium fuel supply obstacles and local opposition.

The amount of electricity used by the Meta data center in

Louisiana, will be matched by renewable energy for which the

tech firm will be working with utility Entergy ( ETR ).

Entergy ( ETR ), which provides electricity to parts of Arkansas,

Louisiana, Mississippi and Texas, has two nuclear power plants

in Louisiana.

The utility previously received legislative approval for

investment in transmission and generation to serve Amazon's ( AMZN )

upcoming cloud services facility in Mississippi.

Meta expects construction of the Louisiana data center to

continue through 2030 with site work beginning in December.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved