Hyperscale · AI Infrastructure

Meta Platforms.

Meta's Hyperion (LA) and Prometheus (OH) mega-campuses represent the largest single announcements in AI infrastructure. Its willingness to co-locate with new gas + solar + storage is remaking Entergy's IRP.

Menlo Park, CA

Ticker

NASDAQ: META

Employees

72,000

Market Cap

$1.5T

Institutional Scoring

Grid, power, opportunity

Grid Risk — Elevated

72/ 100

Composite risk index

· Entergy Hurricane restoration exposure
· AEP Ohio rate design
· ERCOT winter

Power Availability — Moderate

55/ 100

Firm delivery readiness

Willingness to co-locate generation unlocks capacity others can't access.

Opportunity — High

84/ 100

Institutional thesis

Anchor customer for firm + renewable hybrid capacity — pace-setter for load-serving tariff design nationally.

Analyst AI Summary

Meta is the counterparty most willing to sign co-located gas + solar + storage packages — the LA Hyperion deal is the template. Political risk in Ohio (Prometheus) is the near-term watch item. Longer term, Meta's scale forces Entergy and AEP into multi-billion transmission upgrades that reset those utilities' rate bases.

Executive Hierarchy

Mark Zuckerberg

Since 2004

Chair & CEO

AI capex, product

Susan Li

Since 2022

CFO

Capex, discipline

Rachel Peterson

Since 2010

VP, Data Center Strategy

Portfolio + power

Urvi Parekh

Since 2021

Head of Global Energy

PPA book

Infrastructure Projects

Project	Status	Capex	MW	State	Online
Hyperion Louisiana	Under Construction	$10B+	2,500	LA	2028
Prometheus Ohio	Permitting	$8B	2,000	OH	2028
Temple TX Campus	Under Construction	$1.6B	400	TX	2027
Rosemount MN Expansion	Under Construction	$800M	250	MN	2027

Facilities

Facility	Type	Location	ISO	Utility	Load (MW)	Status
Hyperion Campus	Data Center	Richland Parish, LA	MISO South	Entergy Louisiana	2,500	Under Construction
Prometheus Campus	Data Center	New Albany, OH	PJM	AEP Ohio	2,000	Announced
Temple TX	Data Center	Temple, TX	ERCOT	Oncor	400	Under Construction
Los Lunas NM	Data Center	Los Lunas, NM	WECC	PNM	300	Operational
Menlo Park HQ	Headquarters	Menlo Park, CA	CAISO	PG&E	35	Operational

Utilities Serving Facilities

Entergy Louisiana
Entergy Corp · serves Hyperion
LPSC approved 2026 special tariff
AEP Ohio
AEP · serves Prometheus
PUCO case pending
Oncor
Sempra · serves Temple
ERCOT direct interconnection
PNM
TXNM Energy · serves Los Lunas
Existing large-load tariff

Substations Nearby

Richland 500kV (new)
Entergy · serves Hyperion
500 kV
0.4 mi
New Albany 345kV
AEP Ohio · serves Prometheus
345 kV
1.1 mi
Temple South 345kV
Oncor · serves Temple
345 kV
2.4 mi
Los Lunas 345kV
PNM · serves Los Lunas
345 kV
1.8 mi

Transmission Proximity

Entergy MISO South 500kV loop
500 kV · 40 mi
Entergy · headroom 12% (post-upgrade)
AEP 765kV backbone
765 kV · 18 mi
AEP · headroom 12%
Oncor 345kV central TX
345 kV · 22 mi
Oncor · headroom 18%

Capital Spending

2024A
AI + DC
$39B
2025A
AI capacity
$58B
2026E
Hyperion + Prometheus + AI silicon
$75B

Manufacturing Footprint

Menlo Park, CA
MTIA custom silicon design
Headcount 1,400 · Capacity n/a

ESG Metrics

24/7 CFE regions
6 ▲
Renewable match
100% —
Water positive progress
42% ▲
Scope 3 emissions
8.1 Mt ▲

Energy Consumption Mix

Solar PPA51%

Wind PPA26%

Gas (co-located)12%

Entergy tariff

Storage4%

Utility supply7%

Political Exposure

Louisiana PSC
Low
Tariff approved, supportive
Ohio PUC
Elevated
Prometheus case pending, activism
Texas Legislature
Moderate
SB 6 large-load rules

Natural Disaster Exposure

Hurricane
High
LA Hyperion
Tornado
Elevated
OH + TX
Wildfire
Moderate
NM + CA HQ

Forward Timeline

2026-Q4
Hyperion substation energization
Transmission
2027-Q2
Temple TX phase 1 first power
Data Center
2027-Q4
Rosemount phase 2 COD
Data Center
2028-Q3
Hyperion phase 1 first power
Data Center

Relationship Mapping

Entergy
Utility
Hyperion supplier
AEP
Utility
Prometheus supplier
Oncor
Utility
Temple supplier
NextEra Energy Resources Supplier
PPA anchor
Amazon, Microsoft, Google
Competitor
Competing for the same MW

Recent SEC Filings

10-Q
2026-04-30
Q1 — capex guide raised to $75B FY
8-K
2026-06-30
Hyperion expansion disclosure

Procurement Contacts

Infrastructure Procurement
Global DC sourcing
Long-lead equipment
Global Energy
PPA + tariff
Firm + renewable hybrid

Recent Press Releases

Meta Announces Hyperion Expansion
2026-06-30
Capex
Meta and Entergy Sign Louisiana Tariff Agreement
2026-06-15
Regulatory

Connected Coverage

Other counterparties

Regulated Utility · PJM/Dominion Zone

Dominion Energy

Hyperscale · Data Center Owner-Operator

Amazon (AWS Infrastructure)

Hyperscale · Cloud & AI

Microsoft

Regulated Utility + IPP

NextEra Energy