Meta

Meta is the gas-turbine standard-bearer. Hyperion in Richland Parish LA (eventually 5GW, $27B JV with Blue Owl) and Prometheus in Ohio (1GW, 2026 target) both lean on natural-gas combined-cycle generation rather than waiting for nuclear or PPAs from constrained grids. The bet: 7-year gas turbine lead times beat 15-year nuclear development cycles.

Meta isn't ignoring nuclear — they've been in discussions on multiple PPAs — but the timeline imperative for training next-gen Llama models means power-on-demand wins now. Watch the carbon-offset accounting strategy: it's a tell for how aggressively they'll pivot when their gas-built capex starts looking outdated.