Private Credit Investment Firm
Appears in 1 story
80% owner of Hyperion joint venture
Meta broke ground in December 2024 on Hyperion, a data center so large it would cover most of Manhattan. The initial 2,250-acre, 4-million-square-foot facility in Richland Parish, Louisiana will deliver 2 to 5 gigawatts of computing power—enough to train the next generations of Meta's Llama AI models. At $27 billion, it represents the largest private-credit financing deal ever executed and the single biggest private investment in Louisiana history. In February 2026, Fortune revealed Meta's quiet purchase of 1,400 adjacent acres—paving the way for Phase 2 expansion that would more than double the campus to over 3,650 acres, roughly twice the size of New Orleans' airport. To power this unprecedented scale, Meta signed nuclear energy agreements in January 2026 with TerraPower and Vistra, securing up to 6.6 gigawatts of baseload power by the early 2030s, supplementing Entergy's three new natural gas plants.
Updated 4 days ago
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
