Meta's application to enter the U.S. wholesale power market, intensifying the tech giants' battle for power
Source: CoinWorld
Time: 2025-09-19 22:56:39
According to Bijie.com, MetaPlatforms has submitted an application to the US federal regulator and plans to enter the wholesale power market to carry out power sales business. Getting more power supply has become an increasingly pressing issue for big tech companies like Meta, Microsoft and Google. These companies are competing to develop more advanced AI systems and tools, and projects like this have been known for their huge resource consumption. According to agency forecasts, the power demand in data centers used to build and run AI models is expected to increase four times as much as it is now in the next 10 years. Meta submitted this application through its subsidiary Atem Energy LLC. A Meta representative said that participating in the energy market was a natural step for the company.