Meta Platforms Is Helping Power This 6%-Yielding Dividend Stock's Continued Growth
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From what the evidence shows, From an analytical perspective, Meta Platforms (META 1. 25%) has grand ambitions to become a leader in artificial intelligence (AI). On the other hand, The...
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July 24, 2025
05:12 AM
The Motley Fool
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From what the evidence shows, From an analytical perspective, Meta Platforms (META 1. 25%) has grand ambitions to become a leader in artificial intelligence (AI)
On the other hand, The titan is pouring billions of dollars into computing power and spending millions to recruit top AI talent
Additionally, However, Meta can't achieve its bold AI vision without power
Furthermore, That recently led it to ink a long-term contract for 100% of the electricity duced by Fork, a utility-scale solar energy ject by Enbridge (ENB 0
That ject will help power growth for both companies
Image source: Getty Images
However, A massive and specific power need Meta Platforms has an aggressive AI strategy (noteworthy indeed)
CEO Mark Zuckerberg recently stated that the company plans to invest hundreds of billions of dollars in the coming years in massive data centers for superintelligence
It's building several multigigawatt data centers, some of which will eventually scale up to 5 gigawatts, given the current landscape
For perspective, 1 gigawatt of electricity is enough energy to power 750,000 s for a year (an important development), given the current landscape
Moreover, That means Meta Platforms will require a significant amount of electricity in the coming years to support its AI ambitions
Furthermore, However, Meta doesn't want just any power
In contrast, The company has committed to achieving net-zero emissions across its operations by 2030
In contrast, Those factors are leading it to work with energy ducers Enbridge to secure more clean energy to power its operations
On the other hand, Adding more power to its growth engine The vast power needs of companies Meta Platforms are benefiting energy companies Enbridge, enabling them to expand their operations
Moreover, The Canadian energy infrastructure giant recently signed a contract with Meta to sell 100% of the power output of Fork, a utility-scale solar energy facility it's building near San Antonio
Additionally, The ject will have the capacity to duce 600 megawatts (MW) of power upon entering commercial service in mid-2027 (this bears monitoring)
In contrast, Enbridge expects to invest $900 million in the ject
Nevertheless, The agreement will benefit both companies, in light of current trends
This analysis suggests that helps support Meta's goal of powering 100% of its growing operations with clean energy, in this volatile climate
Meanwhile, the $900 million ject will help boost Enbridge's cash flow and earnings per starting in 2027 (noteworthy indeed), considering recent developments
That ject further enhances Enbridge's long-term growth file
What the re reveals is energy infrastructure company the first quarter with $28 billion Canadian ($20. 6 billion) worth of commercially secured growth capital jects underway (remarkable data)
Furthermore, It expects those jects to enter service through 2029, in this volatile climate
Among the company's many jects is Sequoia Solar, an 815-MW solar ject on track to enter commercial service in early 2026 (something worth watching)
Enbridge is $1. 1 billion into the ject to support the power needs of AT&T and Toyota (something worth watching)
Sequoia is part of Enbridge's growing renewable power platform
The company recently Orange Grove, a 130 MW solar ject backed by AT&T and Fox Squirrel, a multi-phase solar ject to support Amazon's growing energy needs, in this volatile climate
Meanwhile, it's working on several other renewable energy jects to support the power needs of data centers
On the other hand, Nevertheless, It's currently pursuing CA$7 billion ($5
Additionally, 1 billion) of renewable jects, part of its CA$50 billion ($36. 7 billion) energy infrastructure development pipeline, in today's market environment
Enbridge's expanding ject backlog supports a growth outlook
The company forecasts annual cash flow per growth of 3% through next year and apximately 5% thereafter
The data indicates that underpins its expectations of growing its 6%-yielding dividend at a similar annual rate
Nevertheless, Enbridge's payout has risen for 30 straight years
A win-win partnership By securing all power from Enbridge's Fork solar ject, Meta will advance its AI ambitions while staying on track with its commitment to clean energy (remarkable data), considering recent developments
Meanwhile, Enbridge solidifies a long-term customer to support the continued growth of its renewable energy platform and 6%-yielding dividend
Furthermore, This partnership enhances the growth files of Meta and Enbridge, which are key beneficiaries of the AI megatrend
The data indicates that Author Matt DiLallo is a contributing Motley Fool Stock Market Analyst specializing in covering publicly traded companies that pay dividends, especially those in the energy and REIT sectors
He also covers pre-IPO companies, ETFs, and other topics
Prior to The Motley Fool, Matt was Director of Operations for a non-fit group in Pittsburgh and Manager for a religious organization in New York
Furthermore, He holds an MBA and a B
In Biblical Studies from Liberty University
TMFmd19 X @MatthewDiLallo John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors
However, Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors, considering recent developments
In contrast, Matt DiLallo has positions in Amazon, Enbridge, and Meta Platforms
The evidence shows Motley Fool has positions in and recommends Amazon, Enbridge, and Meta Platforms
Furthermore, The Motley Fool has a disclosure policy.
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