Meta Platforms has announced two major energy partnerships aimed at securing reliable power for its expanding artificial intelligence infrastructure. The company signed agreements with Overview Energy for space-based solar power and Noon Energy for ultra-long-duration energy storage, collectively representing up to 2 gigawatts of capacity.
Space Solar Partnership
Meta's agreement with Overview Energy involves a 1-gigawatt capacity reservation for space-based solar power. The technology involves placing satellites in geosynchronous orbit approximately 22,000 miles above Earth to collect constant sunlight and transmit it back to ground-based receivers as low-intensity near-infrared light. This approach would allow existing solar farms to generate electricity around the clock, overcoming the limitations of nighttime and weather-dependent generation. An orbital demonstration is planned for 2028, with commercial delivery to the U.S. grid potentially beginning by 2030.
Ultra-Long-Duration Storage Deal
With Noon Energy, Meta has reserved up to 1 gigawatt and 100 gigawatt-hours of storage capacity using reversible solid oxide fuel cells and carbon-based storage technology. The system can provide over 100 hours of energy storage, significantly exceeding conventional lithium-ion battery capabilities. A pilot project of 25 megawatts and 2.5 gigawatt-hours is expected to be completed in 2028. Meta described this as among the largest commitments to ultra-long-duration storage in the industry.
Broader Energy Strategy
These partnerships complement Meta's existing energy portfolio, which already includes over 30 gigawatts of contracted clean and renewable energy. The company is among the largest corporate buyers of nuclear energy in U.S. history, supporting 7.7 gigawatts through agreements with Vistra, TerraPower, Oklo and Constellation Energy. Meta's stock (META) rose modestly following the announcements as investors reacted positively to the company's long-term infrastructure planning.
