Meta Applies to Enter U.S. Wholesale Electricity Market, Tech Giants' 'Power Grab Battle' Intensifies

Meta Platforms has submitted an application to U.S. federal regulators, planning to enter the wholesale electricity market to conduct electricity sales. For major tech companies like Meta, Microsoft, and Google, securing more power supply has become an increasingly urgent challenge. These companies are racing to develop more advanced artificial intelligence systems and tools, projects that are notoriously resource-intensive. According to institutional forecasts, the electricity demand of data centers used to build and operate AI models is expected to quadruple over the next decade. Meta submitted this application through its subsidiary Atem Energy LLC. A Meta representative stated that participating in the energy market is a natural step for the company.