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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

'Not Much Achieved' in Indian Power Sector, Paper Says

LCG, Dec. 14, 2001--Despite reforms by the government of India aimed at boosting investments in infrastructure, "not much has been achieved" in the area of private financing, the Economic Times, an Indian business newspaper, said today.

The paper noted the brouhaha between once-mighty Enron Corp.'s Dabhol Power Co. in Bombay and the Maharashtra State Electricity Board, similar problems between AES Corp. of the U.S. and the government of the state of Orissa and the decision yesterday by U.S. firm Mirant Corp. to abandon its efforts in India, which included a $5 billion power project.

Not mentioned were earlier departures from India by Electricit de France, Cogentrix Energy Inc. and others.

The paper pointed to a report, India Infrastructure Report 2002, released Wednesday, which said true reform is waited in the power sector. The report says the "main reason for this is the non-resolution of a bankable security package for lenders, finalization of the escrow agreement and its operationalization," according to the Economic Times.

The government plans to bring under control huge transmission and distribution losses in the power sector through privatization of distribution, the report said. The paper said, however, that financial institutions feel distribution of power has never been an area of investment. Officials say a substantial investment in power distribution would lead to an increase in the tariff while the populace would expect a reduction to result from privatization.

The paper said the flaw in the policy with regard to electricity was the failure to recognize that the root of the problem lies in the financial unavailability of the state electricity boards, causing independent power projects to look for temporary solutions such as escrow arrangements and central government guarantees, according to the report.

The Indian power ministry has proposed a five-point strategy to convert the money-losing state electricity boards into "viable profit making concerns." There would be state-specific revival packages, a district-oriented nationwide distribution plan, conversion of all distribution feeders into profit centers, ensuring metering of all customer connections, and bringing state electricity board accounting procedures in line with international standards.

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