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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

Enron Won't Increase Stake in India's Dabhol Project

LCG, Jan. 25, 2001Enron Corp. this morning scotched reports that it would increase its stake in Dabhol Power Co., the huge 2,184 megawatt power project in the Indian state of Maharashtra. The company said, in fact, that it will continue with plans to sell a portion of its ownership in the facility.

In a statement, Enron explained that plans laid out for the project four years ago specified that the U.S. company would own only 50 percent of Dabhol. Enron will have to sell about 15 percent of the project to meet that condition.

Yesterday, Indian newspapers reported that a government committee had approved a proposal by Enron to increase its ownership to 80 percent. The extra 30 percent sounds suspiciously like the 30 percent of Dabhol the Maharashtra Electricity Supply Board was supposed to own. The MSEB now owns 15 percent of Dabhol, but has said it would be unable to acquire the additional 15 percent now owned by Enron and has been disingenuous in recent statements about its part in Dabhol.

Enron said the newspapers could have misinterpreted a proposal it made about the second phase at Dabhol. "You can't look at the second phase as a separate unit. You have to look at Dabhol PowerCompany as a whole and there our stake today stands at 65 percent," an Enron spokesman said.

Enron India said the proposal was for the company to transfer 15 percent ownership in Dabhol to another Enron affiliate. "Technically, Enron is simply splitting its existing equity structure into two separate Enron-owned companies, one holding 50 percent of DPC equity and one holding 15 percent to facilitate the sell down," the company said.

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