Krux
March 29, 2026
Meta Orders 10 Gas Plants for Louisiana AI Campus
Published: March 29, 2026 at 2:53 AM
Updated: March 29, 2026 at 2:53 AM
100-word summary
Meta just ordered 10 gas-fired power plants for its Hyperion AI campus in rural Louisiana, delivering 7.5 gigawatts of capacity. That's enough electricity to power 5 million homes, or a 30% boost to Louisiana's entire grid. The $11 billion package, which Meta is funding directly rather than passing costs to local ratepayers, supports a campus that's ballooned from a $10 billion project to a $27 billion joint venture with Blue Owl Capital. Entergy will build seven new plants and retrofit three existing ones. The utility's stock jumped 7% when the deal was announced, pushing its market cap to $50 billion.
What happened
Meta just ordered 10 gas-fired power plants for its Hyperion AI campus in rural Louisiana, delivering 7.5 gigawatts of capacity. That's enough electricity to power 5 million homes, or a 30% boost to Louisiana's entire grid. The $11 billion package, which Meta is funding directly rather than passing costs to local ratepayers, supports a campus that's ballooned from a $10 billion project to a $27 billion joint venture with Blue Owl Capital. Entergy will build seven new plants and retrofit three existing ones.
Why it matters
The utility's stock jumped 7% when the deal was announced, pushing its market cap to $50 billion.