Meta Files For Authorization To Sell Electricity In Wholesale Markets: Report

Meta Platforms Inc. (META) has reportedly filed an application with the U.S. Federal Energy Regulatory Commission (FERC) for an authorization to sell electricity in wholesale markets.

According to a Bloomberg report citing a filing with the regulator, Meta’s application seeks approval “to sell energy, capacity, and certain ancillary services.”

Meta reportedly filed the application through a subsidiary, Atem Energy LLC. According to the report, a Meta spokesperson said that participating in the energy markets was a logical step for the company.

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