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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

California Power Authority Goes Green

LCG, Sept. 10, 2001--The California Consumer Power and Conservation Financing Authority, the state's new public power agency, voted on Friday to give its chairman, S. David Freeman, permission to negotiate contracts with renewable energy providers, the Los Angeles Times reported Saturday.

Freeman said his agency will initially fund about 1,000 megawatts in renewable energy proposals and will build on that as the Authority carries out what he sees as its mandate to build a "strategic reserve" of green power.

"It's important to recognize that by going with renewables first, this agency is willing to put its money where its mouth is," Freeman said in opening the Authority's board meeting. He did not say, however, how much money.

"Over the years the renewables have gotten the music and fossil fuels have gotten the action. We intend to provide action on both fronts, but to be sure no one feels that renewables are second-class citizens as far as the state is concerned," Freeman said.

Aside from geothermal power and hydroelectric power, which have long and successful histories in California, renewables are likely to remain second-class citizens. To date, no solar power installation has produced as much energy as its construction consumed in the first place, and the output of a wind farm is only about 20 percent of its nameplate capacity.

Power from solar and wind installations is significantly more expensive that that produced by nuclear or conventional thermal power plants and must be heavily subsidized by the taxpayer. Backers of those dubious resources are counting on the state legislature to move forward on a bill that would require utilities and other electricity retailers to generate at least 20 percent of their power from "renewable" resources.

The legislation, introduced by state Sen. Byron Sher, a Palo Alto Democrat, failed by a 7-10 vote to clear the Assembly Utilities and Commerce Committee Thursday, but it is up for reconsideration today.

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