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Meta Announces Up to 6.6 GW of Nuclear Projects to Power American AI

LCG, January 9, 2026--Meta today announced new, landmark agreements that will (i) extend and expand the operation of three existing nuclear power plants and (ii) drive the development of advanced nuclear technology. Meta's new agreements with Vistra, TerraPower, and Oklo follow Meta's request for proposals (RFP) issued last month. Meta expects these projects to deliver up to 6.6 GW of new and existing clean nuclear energy by 2035.

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Babcock & Wilcox Selects Siemens Energy to Supply Steam Turbine Generator Sets for Massive Applied Digital Data Center Power Project

LCG, January 8, 2026--Babcock & Wilcox (B&W) announced today that it has selected Siemens Energy to provide steam turbine generator sets for B&W’s groundbreaking project to install and deliver one GW of power for an Applied Digital AI Factory. B&W and Siemens have entered into an agreement for a limited notice to proceed to secure the turbine sets, which will enable B&W to deliver power for the project by the end of 2028. The estimated cost of the project is approximately $2 billion. The full contract release is expected in the first quarter of 2026.

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Industry News

Newsmakers

Ron Cardwell has joined the Allegheny Energy Inc. as a vice president ofAllegheny Energy Solutions, an unregulated subsidiary that focuses on distributed generation and other energy-related products and services. He most recently was with Navigant Consulting Inc., where he was responsible for developing growth strategies for energy and utility companies.

Tony J. Finneman, vice president for operations of natural gas firm WBI Holdings Inc. has been promoted to executive vice president and general manager of Williston Basin Interstate Pipeline Co., the company's regulated natural gas pipeline and storage subsidiary.

Philip J. Pellegrino has resigned from his position as chief executive and president of ISO New England, effective immediately, to pursue other professional interests. Chairman William W. Berry will assume Pellegrino's responsibilities on an interim basis while a search is undertaken for a replacement.

Gerald J. Stalun has been named executive vice president and managing director of Duke Capital Partners LLC, a business unit of Duke Energy Corp. and will be responsible for the company's Charlotte operation. He most recently was managing director and co-head of global project finance for the power industry at Bank of America.

Darwin L. Subart, vice president for business development of WBI Holdings Inc., a natural gas concern, has been promoted to executive vice president and general manager of WBI Southern Inc., a subsidiary consisting of the firm's natural gas gathering system and some storage assets.

F. T. Webster has become executive vice president and managing director of Duke Capital Partners LLC, a business unit of Duke Energy Corp. and will be responsible for the company's Houston operation. He most recently was a partner and managing director of Arthur Andersen's energy corporate finance practice in North America.

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