Big Tech enters energy trading: Meta seeks a federal license to buy and sell power, turning electricity into a strategic asset amid rising AI-driven demand. According to the IEA's Net Zero Emissions by 2050 Scenario (NZE), 240 million rooftop photo-voltaic solar systems and 1. 6 billion electric cars are integrated into the power system by the middle of this century, while more than 85% of the world's existing building stock is retrofitted to meet. Tech giant Meta, through its wholly owned subsidiary Atem Energy LLC, has recently applied to the Federal Energy Regulatory Commission for a license to trade wholesale electricity. As energy becomes an increasingly critical input for computing infrastructure, Meta and other tech firms, such as. In the new energy economy, digital business models leverage technological advancements to alter and boost the revenue streams of stakeholders, making way for a range of ancillary benefits. In the new energy economy, companies like United States-based Volta Charging have quickly scaled up with. (TCEP), the International Energy Agency (IEA) reports that worldwide grid-related investment in digital technologies has grown by over 50% since 2015, with total grid investment expected to have grown by 19% in 2023. During this period, investment in digital-related grid eficiency continued to. In order to accelerate the construction of new power plants needed to provide energy for its data centers, Meta is looking to get into the business of trading electricity. Bloomberg reports that both Meta and Microsoft are asking for federal approval to trade power (Apple has already received this. The smart grids segment leads the market holding an estimated share of 33. Asia Pacific, holding a share of 31.