Meta Platforms (META) Pursues Space Solar and Long Duration Storage with Partnerships

Meta Platforms, Inc. (NASDAQ:META) is one of the Harvard University Stock Portfolio: Top 10 Stock Picks.

Meta Platforms (META) Pursues Space Solar and Long Duration Storage with Partnerships

Meta Platforms, Inc. (NASDAQ:META) announced two major energy partnerships: Overview Energy and Noon Energy on April 27, 2026, in a blog post titled, ‘Powering AI, Strengthening the Grid: Innovation in Space Solar Energy and Long-Duration Storage’. With the collaborations, the company aims to secure reliable power for its AI infrastructure. First, partnering with Overview Energy, the company intends to harness up to 1 GW of space-based solar energy, using satellites to beam power to Earth-based farms for 24/7 production. Additionally, Meta Platforms, Inc. (NASDAQ:META) partnered with Noon Energy to deploy 1 GW/100 GWh of ultra-long-duration storage. This technology utilizes reversible fuel cells to store energy for over 100 hours. Both projects target demonstrations in 2028.

In another development, on April 27, 2026, China’s National Development and Reform Commission (NDRC) restricted Meta Platforms, Inc. (NASDAQ:META) from acquiring the AI startup Manus. NDRC announced that, in accordance with the laws and regulations, it is blocking foreign investment in the Manus project. However, a representative of the company told the press that the deal complied with the laws and regulations, and Meta Platforms, Inc. (NASDAQ:META) anticipates an appropriate resolution to the enquiry.

Founded in 2004, Meta Platforms, Inc. (NASDAQ:META) is a global technology conglomerate with headquarters in California. The company builds technologies that help people connect, find communities, and grow businesses through its “Family of Apps.”

While we acknowledge the risk and potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 New Contenders for S&P 500 Index and 10 High Growth Chemical Stocks to Buy.

Disclosure: None.  Follow Insider Monkey on Google News.