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Invenergy Announces New Agreements with Meta for Renewable Energy to Support Data Center Operations

LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.

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New York Power Authority to Develop New Nuclear Facility in Upstate New York

LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.

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Industry News

New British Power Trading Arrangements Delayed - Again

LCG, Oct. 30, 2000--The British Office of Gas and Electricity Markets said on Friday that it had once more postponed the opening of "new electricity trading arrangements" because of technical problems.

The phrase "new electricity trading arrangements," meant at first to describe an unnamed plan that was to have been introduced this month, has become the de facto name for the scheme. Ofgem and others have taken to using the acronym "Neta."

The postponement is the third delay for the program, which is supposed to lower residential electricity bills by as much as 10 percent. In May, Ofgem conceded that difficulties putting together complex information technology systems would delay the opening of Neta until November 21. Earlier this month, that date was pushed back to January 30.

Now, Ofgem says it is working to get Neta up and running on March 27 of next year, but market participants are now taking a wait and see position. One trader told the Financial Times "A lot of people in the market think this could continue to roll through until after the election and probably into the summer."

The way the program is being set up, private companies such as traders and generators have been spot market and futures trading systems while Ofgem has been developing balancing systems that will match power supply with demand. No one knows yet whether the two sets of systems will talk to each other.

So far, Ofgem is estimated to have spent about 90 million ($129 million U.S.) on getting Neta ready. The program is said to have cost private market participants as much as 10 million ($14.3 million) each.

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