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FINWIRES

Meta, Noon Energy Sign Deal for Ultra-Long Duration Energy Storage

-- Meta Platforms (META) has agreed to secure up to 1 gigawatt of ultra-long-duration energy storage capacity from Noon Energy to support the growing energy requirements of its artificial intelligence data centers, the companies said on Tuesday.

The deal includes a reservation for up to 100 gigawatt-hours of storage capacity, aimed to provide continuous, reliable power as Meta accelerates the deployment of energy-intensive AI infrastructure.

The partnership will begin with a 25-megawatt/2.5-gigawatt-hour project, expected to be completed by 2028. Noon Energy will scale up deployments under a broader 1 GW/100 GWh supply arrangement.

Noon Energy's technology is based on modular, reversible solid oxide fuel cells capable of storing energy for more than 100 hours and discharging it over multi-day periods.

The systems offer baseload-like clean power, helping ensure a round-the-clock energy supply when renewable generation is low.

"Bringing data centers online faster requires rapid deployment of reliable energy sources," Noon Energy said. "Our agreement with Noon advances that goal with a storage technology that delivers grid resilience and firm power."

Noon Energy said it would begin development of the initial project in the near term while building out production capacity and supply chains for its storage systems.

Price: $674.42, Change: $+5.58, Percent Change: +0.83%

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