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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

AES to Build 670 Megawatt Plant in Bulgaria

LCG, Oct. 18, 2001--A joint venture between AES Corp. of the U.S. and Bulgaria's government-owned National Electricity Company said this morning that AES would begin construction next May of a 670 megawatt coal-fired power plant at the Balkan country's Maritsa East coal mining complex.

AES will invest $225 million of its own funds for an undisclosed share of the project, the joint venture said in a news release. Another $625 million in funding is expected from the European Bank for Reconstruction and Development, U.S.-based Overseas Private Investment Corporation and Germany's Kredit fur Wiederaufbau.

Bulgaria has profited recently from exports of electric power, gaining $150 million last year from power deals with Turkey, Greece, Macedonia and Yugoslavia. But as much as 40 percent of the nation's generating capacity is slated for decommissioning or overhaul by 2010, which could limit supply available for export.

The new plant is aimed at heading off that problem before it occurs.

The project is also expected to reduce Bulgaria's dependency on coal imports from Russia and Ukraine.

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