Key Points
Vistra (NYSE: VST), a power generation company, announced a 20-year power purchase agreement with Meta Platforms (NASDAQ: META) for three of its nuclear plants. This partnership highlights a growing interest in nuclear energy as data centers’ electricity demand is projected to triple by 2028, accounting for 12% of U.S. electricity consumption.
Nvidia (NASDAQ: NVDA) CEO Jensen Huang previously emphasized the necessity of nuclear energy for future growth, stating that all forms of energy will be required to meet soaring demand. Vistra operates a diversified portfolio of energy generation facilities, including nuclear, natural gas, coal, and solar, positioning the company for strong growth in response to rising energy needs.
