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Stocks•27 April 2026•

1 min read

Meta Signs Landmark Deal for 1 Gigawatt of Space-Based Solar Power

Key Facts

1Meta Platforms has agreed to purchase up to a gigawatt of solar power from startup Overview Energy.

2Overview Energy aims to deploy satellites capable of providing power to customers on Earth's surface.

Meta Platforms has entered into a strategic agreement with startup Overview Energy to purchase up to 1 gigawatt of solar power generated in space. According to a report by the Wall Street Journal, the startup aims to deploy a constellation of satellites capable of transmitting power directly to customers on Earth's surface. This ambitious move is designed to secure a massive, sustainable source of renewable energy to support Meta's expanding operations and data centers. The collaboration reflects a significant shift toward experimental and innovative clean energy solutions to ensure long-term energy security. While the technology remains in its experimental stages, the deal reinforces the tech giant's commitment to ESG standards and sustainability goals. This partnership represents a major leap in integrating space technology with large-scale terrestrial infrastructure needs.