The 20-year power purchase agreements will support Meta operations and increase the energy output of three Vistra nuclear plants in PJM
Article via PRNewswire (Irving, Texas) | Vistra today announced it has entered into 20-year PPAs to provide more than 2,600 megawatts of zero-carbon energy from a combination of three different Vistra nuclear plants to support Meta’s operations in the region. The agreements include 2,176 MW of operating generation and an additional 433 MW of combined power output increases, which will be the largest nuclear uprates supported by a corporate customer in the United States. The agreements will also grow the local tax base, foster economic development in the region, and protect existing jobs while creating new ones. With today’s announcement, Vistra will now begin planning for subsequent license extensions at all three plants, which would extend operations of these carbon-free assets for another 20 years.
“This is a unique and exciting collaboration, and Vistra is proud to partner with Meta on these long-term power purchase agreements, which ensure the continued safe and reliable operation of Vistra’s Beaver Valley, Davis-Besse, and Perry nuclear power plants for decades to come while providing a competitive solution for our customer to support its sustainable operations,” said Jim Burke, president and CEO of Vistra. “Importantly, this commitment from Meta provides Vistra the certainty needed to invest in these plants and communities and bring new nuclear generation online for the grid – through uprates at our existing plants.”
“At Meta, we are investing in nuclear energy because it provides clean, reliable power that is essential for advancing our AI ambitions and strengthening American leadership in energy innovation. By supporting nuclear power, we ensure that our operations – and the communities we serve – benefit from energy solutions that drive both technological progress and economic growth,” said Urvi Parekh, Head of Global Energy at Meta.
Through the agreements:
“As recently as 2020, before Vistra owned Perry, Davis-Besse, and Beaver Valley, these plants were on a path to retirement,” said Stacey Doré, Chief Strategy & Sustainability Officer of Vistra. “When we signed a deal to acquire these plants in 2023, Vistra saw their tremendous contribution – to the reliability of the grid, to the stability of the region, to their local communities, and to the people who work there. Fast-forward to today and we’re investing in expanding these same plants, and thanks to our dedicated employees and a committed partner like Meta, this fleet will continue to provide reliable, carbon-free energy to power the grid of the future.”
Meta’s purchases under the agreements will begin in late 2026, with additional capacity added to the grid through 2034, when the full 2,609 MW of power will be online.
Each of the three plants has received initial license renewal from the Nuclear Regulatory Commission. The PPAs provide certainty for Vistra to pursue subsequent license renewal for each of the reactors, which would extend each license an additional 20 years. Currently, Beaver Valley Unit 1 is licensed through 2036; Davis-Besse is licensed through 2037; Perry is licensed through 2046; and Beaver Valley Unit 2 is licensed through 2047.
Vistra’s nuclear plants have been significant contributors to local economies since their construction. The PPAs continue that commitment, including tens of millions of dollars in state and local taxes each year, substantial charitable giving, community involvement, and volunteerism by the company and its employees.
These three plants provide thousands of permanent, well-paying jobs. Over the life of the uprate projects, which span approximately nine years, approximately 3,000 project-related jobs across engineering, construction, and planned outage work are expected, adding to the economic impact around these plants.
Read full article: https://www.prnewswire.com/news-releases/vistra-and-meta-announce-agreements-to-support-nuclear-plants-in-pjm-and-add-new-nuclear-generation-to-the-grid-302656941.html
This partnership is a major win for Ottawa County and our region,” stated Chris Singerling, Executive Director of the Ottawa County Improvement Corporation. “It strengthens the role of facilities like Davis-Besse as both clean-energy producers and economic anchors. Meta’s commitment enables Vistra to invest in significant upgrades and a powerful vote of confidence in our workforce, our infrastructure, and the future of nuclear power in Ohio.”
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