Meta applies to enter the U.S. power wholesale market, and the tech giants' "battle for electricity" intensifies.

MetaPlatforms has submitted an application to the US federal regulatory agency, planning to enter the electricity wholesale market to carry out electricity sales business. For large tech companies such as Meta, Microsoft, and Google, obtaining more electricity supply has become an increasingly urgent challenge. These companies are all competing to develop more advanced artificial intelligence systems and tools, and such projects are known for their massive resource consumption. According to industry forecasts, the electricity demand of data centers used to build and run artificial intelligence models is expected to quadruple in the next 10 years. Meta submitted this application through its subsidiary Atem Energy LLC. A representative of Meta stated that participating in the energy market is a natural next step for the company.