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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

EU Proposal Would Open Electric Market For Corporations

LCG, Mar. 5, 2002--France vetoed a proposal for full liberalization of electric and natural gas markets in order to protect the residential market.

EU financial ministers were drafting a proposal for the March 15 and 16 Barcelona summit that included the complete liberalization of electric and natural gas markets, but France found the proposal unacceptable . While all other EU members want complete liberalization, the French are loath to disrupt their pre-election political climate by worrying consumers over residential service.

Corporate customers will have a choice in electricity suppliers in 2003 and gas in 2004, according to the new proposal, although the EU's executive commission and other EU countries want complete deregulation by 2005.

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