Meta’s AI Ambition Fuels Massive Wind & Solar Push to Power Data Centers
Meta is going green to stay ahead in the AI race—and Wall Street is paying close attention.
Tech investors are watching Meta Platforms (META), listed on NASDAQ in the Communication Services sector, as it accelerates its clean-energy ventures to support its booming AI data center footprint.
Meta just struck four new renewable energy deals with Invenergy, securing 791 MW of wind and solar capacity across Ohio, Arkansas, and Texas—doubling its previous total to around 1,800 MW. This surge comes amid Meta’s effort to raise $29 billion from private capital giants like Apollo, KKR, Brookfield, Carlyle, and PIMCO to fund AI-focused data center expansion. That follows a significant $15 billion investment in Scale AI and an overall $65 billion capex plan toward AI systems.
Beyond energy deals, Meta is constructing “behind-the-meter” setups like a 200 MW natural gas plant in Ohio to ensure uninterrupted AI compute capacity. All this aligns with Meta’s goal to match 100% of its electricity with renewables, backed by a huge portfolio of over 11,700 MW contracted—6,700 MW of which are already online in the U.S.
Meta (NASDAQ:META) is staking its future on renewable power—from solar and wind to geothermal and even nuclear—to support the exponential growth of AI workloads. The move signals a tipping point: Energy and infrastructure providers like Williams, AES (NYSE:AES), Caterpillar (NYSE:CAT), Chevron (NYSE:CVX), and Exxon Mobil (NYSE:XOM) are emerging as key beneficiaries in the AI energy boom.
Analysts believe Meta’s renewable strategy lowers operational risks tied to grid delays and fossil-fuel reliance while attracting eco-focused investors. META remains in the Communication Services sector on NASDAQ, but now energy and construction stocks tied to renewables are enjoying an AI-driven tailwind.