**Energy Procurement: How Tech Giants Are Rewiring the Power Market** Energy procurement—the business of locking in long-term electricity through power purchase agreements (PPAs) and direct generation investments—has vaulted from back-office function to boardroom priority. As hyperscale data centers hum around the clock, feeding AI workloads that devour megawatts, tech giants are racing to secure power that is simultaneously reliable, affordable, and clean. Recent deals reveal the staggering scale. Meta has signed PPAs totaling more than 6 GW with nuclear developers Oklo, TerraPower, and Vistra. Amazon, partnering with X-energy and American Electric Power, is funding a 960-MW small modular reactor in Indiana—rising on a retired coal site—under a long-term contract covering capital and operating costs. AWS is simultaneously pouring capital into carbon-free energy, grid collaboration, and water stewardship, even as Meta exits a clean energy pact and accelerates natural gas buildout, underscoring the tension between reliability and decarbonization. The takeaway for utilities, developers, and investors: procurement decisions once confined to spreadsheets now move markets, redraw grid maps, and determine which technologies—advanced nuclear, gas, renewables—get built next.