Meta applies to enter the US electricity wholesale market, and technology giants' "power grabbing war" escalates

PANews reported on September 19 that MetaPlatforms has submitted an application to the US federal regulator and plans to enter the power wholesale market to carry out power sales business. For large tech companies such as Meta, Microsoft and Google, access to more electricity has become an increasingly urgent problem. These companies are competing to develop more advanced artificial intelligence systems and tools, and such projects have always been known for their huge resource consumption. According to the agency's forecast, the power demand for data centers used to build and run AI models is expected to grow to four times the current level in the next 10 years. Meta submitted the application through its subsidiary Atem Energy LLC. A representative from Meta said that participating in the energy market is a natural step for the company.