Meta Dives into Power Trading

Meta, a tech giant, is venturing into electricity trading to expedite power plant construction for its expanding data centers. Both Meta and Microsoft are seeking federal approval for wholesale power trading, with Apple already approved. Metas head of global energy, Urvi Parekh, emphasizes the need for tech companies to actively expand the power grid to meet demand. This shift signifies a significant change in how large tech companies approach energy supply.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.