Meta inks deal for solar power at night, beamed from space

Meta has signed a capacity reservation agreement with startup Overview Energy to receive up to 1 gigawatt of power from a planned fleet of 1,000 satellites in geosynchronous orbit. Overview's approach converts solar energy collected in space into near-infrared light and beams it to existing terrestrial solar farms, enabling them to generate electricity at night without battery storage. Meta's data centers consumed over 18,000 GWh in 2024, and the company has committed to 30 gigawatts of renewable power. Overview plans to launch its first demonstration satellite in January 2028 and begin fulfilling the Meta commitment with satellite launches starting in 2030.