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Meta Deepens Its Renewables Partnership with D.E. Shaw

Meta Platforms signed renewable energy contracts worth 850 megawatts with D.E. Shaw Renewable Investments in 2026. Like many other major tech companies, Meta is tapping into clean energy to fund its increasingly energy-intensive pursuits. The Meta–D.E. Shaw Renewable deal will cover 150, 200, and 500 megawatts in Mississippi, Texas, and Oklahoma respectively.

With the new contract, the partnership between the two companies now stretches across 9 states and encompasses around 2,575 megawatts of clean energy, specifically solar energy coupled with battery storage. DESRI Chief Development Officer Hy Martin says the partnership supports Meta’s plans to eliminate greenhouse gas emissions from its operations and noted that rural communities are particularly poised to benefit from the arrangement.

DESRI is set to begin the construction of 1,110 megawatts worth of clean energy this year and every project is projected to create hundreds of temporary and long-term jobs for rural communities. Data published by BloombergNEF notes that Meta was the most prominent corporate renewable energy buyer at 10.24 gigawatts followed by Amazon at 10.22 gigawatts.

Cumulatively, tech companies were responsible for around 50% of all worldwide renewable energy contracts in 2025, with Meta concentrating its activities in the U.S. to power its AI data centers.

2025 saw worldwide renewable energy purchase agreements in the corporate sector decline by 10% to 55.9 gigawatts. Smaller firms stepped back from such agreements due to tax credit changes, policy uncertainty, long-term market risks, and electricity market volatility. As a result, smaller businesses are much more cautious with their energy investments while larger companies like Meta can afford to invest in R&D and enter bigger contracts.

For such companies, cloud computing, artificial intelligence and the data centers needed to run AI models are largely responsible for the surge in electricity demand. Renewable energy plus battery storage offers the cheapest (for nearby communities) and most sustainable means of powering these facilities, and tech companies are scrambling to secure their own clean energy supply over traditional fossil fuel generated electricity.

As the parent company behind Facebook, Instagram, WhatsApp, Threads, and Messenger, and one of the most prominent investors in AI, Meta’s energy demand is enough to rival a small nation. The California-based firm has already brought 89 green energy projects online and recorded a 6 million metric ton reduction in CO2 emissions from 2024.

Signing clean power agreements will allow the tech firm to power its energy-hungry operations without causing a spike in emissions and at a relatively low cost. As more renewable energy firms like Turbo Energy S.A. (NASDAQ: TURB) enter the market, emissions from electricity supply are likely to dip significantly over the coming years.

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Lacey@GCS

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