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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

Cuba Limits Power Use

LCG, May 28, 2002--The Cuban government has required state-run power users to cut their electricity use by 10 percent.

Cuba produces about 65,000 bpd worth of oil and natural gas. An additional 53,000 bpd Venezuelan crude oil is no longer being delivered to Cuba because the struggling island has not paid for some past shipments, forcing the country to pay more for imported oil.

Havana will probably pay 15 percent more for oil from other sources, according to a Reuters interview with a Cuban diplomat.
Since Cuba defaulted on credit payments, Spain, France, Italy, and Japan have stopped allowing trade credits to the country.

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