Recently, media reports have surfaced indicating that Meta is in the process of applying to the U.S. government for a power trading license. The tech giant's strategy involves making long-term commitments to procure electricity from newly constructed power plants. Moreover, it plans to mitigate risks by offloading a portion of this electricity onto the wholesale power market. It's worth noting that Meta is not alone in this pursuit; industry peers like Microsoft and Apple are also vying for power trading licenses. Notably, Apple has already secured one, positioning itself ahead in this emerging market landscape.
