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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

Slovakia Takes First Steps in Power Privatization

LCG, April 30, 2001The government of Slovakia took its first steps toward privatization of its electric industry today, taking out ads seeking advisers to manage the sale of the country's three electricity distribution companies.

The three firms are government-owned monopolies within the three Slovakian administrative regions: Zapadoslovensky, Stredoslovensky and Vychodoslovensky. The government plans to sell 49 percent each of the three firms by the end of this year.

Next year, Slovakia hopes to sell a 49 percent interest in its dominant electric generation monopoly, Slovensky Elektrame.

Slovakia, which is pushing for membership in the European Union, has dragged its feet in the liberalization of its power sector, seen as a condition of acceptance by the EU. Because of its late start, the privatization program is well behind schedule and observers doubt that stakes in the distribution companies can be sold this year or that the much more complex partial sale of Slovensky Elektrame can be completed next year.

Though the current government has lent its support to liberalization, it has yet to consider legislation to govern a semi-private electricity sector. There is, for example, no provision for regulation.

When the distribution companies are sold, Vychodoslovensky energeticke zavody is likely to go first because it is a pure power company with no municipal heating subsidiaries that would need to be split off beforehand. Zapadoslovensky energeticke zavody will likely draw the greatest interest because it serves the most industrialized portion of Slovakia, including the capital city of Bratislava near the Austrian border.

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