Meta Strikes Geothermal Energy Deal

Meta, the parent company of Facebook and Instagram, will by 2027 power data centers using geothermal energy storage, according to a power purchase deal announced Monday.

Meta’s partner in the deal, Sage Geosystems, is a company run by three former Shell Oil executives who have sought to use their experience in drilling and fracking wells to build out forms of energy storage that use cavities within the earth as a kind of battery that can store electricity for two to three times as long as lithium-ion batteries.

Read more at The Hill