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Invenergy to Provide Meta with Nearly 800 MW, Supporting Data Center Operations

1. Meta signed four clean energy agreements, adding 791 MW of capacity. 2. Total partnership with Invenergy reaches 1,800 MW of renewable energy. 3. Clean energy supports Meta's operations and data center growth. 4. Agreements include projects located in Texas and Ohio, operational by 2028.

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Why Bullish?

Increased clean energy capacity can lower operating costs and enhance sustainability, boosting investor confidence. Historically, companies focusing on ESG have seen positive market reactions.

How important is it?

As Meta prioritizes clean energy for future growth, these agreements align with market trends favoring sustainability, indicating strong future prospects.

Why Long Term?

The commitments will gradually enhance Meta's operational efficiency and sustainability, impacting long-term growth and positioning.

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New agreements nearly double total procured clean energy between the companies, provide near-term energy capacity, /PRNewswire/ -- Invenergy, America's largest privately held developer, owner and operator of clean energy solutions, and Meta Platforms, Inc (Nasdaq: META) today announced they have signed four additional clean energy agreements that represent an additional 791 megawatts (MW) of procured solar and wind energy. The agreements will provide near-term energy to support Meta's operations, data center growth, and clean energy goals. Meta logo An Invenergy solar power project in Texas. The agreements come after the 2024 announcement of Meta's 1,000 MW of total procured energy from Invenergy. Together, these projects bring the companies' partnership to a total of 1,800 MW, including over 740 MW of new energy generation in Ohio. The electricity from these projects will be delivered to the local grid, while Meta will receive the clean energy credits associated with the new generation capacity coming online. "Winning the AI race requires reliable, cleaner, affordable energy and energy infrastructure - today and in the future. We're grateful for our continued relationship with Meta and look forward to future partnerships as we work to strengthen American energy independence and economic prosperity," said Ted Romaine, Invenergy's Executive Vice President of Origination. "We're laser-focused on advancing our AI ambitions—and to do that, we need clean, reliable energy. We're grateful for Invenergy's longtime partnership that helps us support our energy needs and implement our clean energy goals, and look forward to continued collaboration," said Urvi Parekh, Meta's Head of Global Energy.The agreements are contracted through four Invenergy-developed facilities strategically located across the U.S. to meet soaring energy demand with domestically produced electricity. These energy centers include: Yellow Wood Solar Energy Center (OH) – 300 MW – Expected Commercial Operations 2027 Pleasant Prairie Solar Energy Center (OH) - 140 MW – Expected Commercial Operations 2027 Decoy Solar Energy Center (AR) - 155 MW – Expected Commercial Operations 2027 Seaway Wind Energy Center (TX) - 196 MW – Expected Commercial Operations 2028 About InvenergyInvenergy is accelerating cleaner, more reliable, affordable energy. Invenergy and its affiliated companies develop, build, own, and operate large-scale renewable and other clean energy generation, transmission and storage facilities in the Americas, Europe, and Asia. Headquartered in Chicago, Invenergy has regional development offices in the United States, Canada, Mexico, Spain, Japan, Poland, and Scotland.Invenergy and its affiliated companies have successfully developed more than 34,000 megawatts of projects that are in operation, construction or contracted, including natural gas, solar and wind power generation, transmission infrastructure, and advanced energy storage projects.SOURCE Invenergy WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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