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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

CA Senate Confirms Freeman as Power Authority Chairman

LCG, August 13, 2002-Yesterday the California Senate voted 25-13 to authorize David S. Freeman as chairman of the California Consumer Power & Conservation Financing Authority despite Republican attempts to show Freeman to have participated in unsavory market practices.

Although generally Governor Gray Davis' appointees are confirmed with very little opposition, two hours of debate preceded the vote.

Freeman served as the Los Angeles Department of Water and Power general manager during the California energy crisis. The DWR was responsible for purchasing some of the electricity in the California at this time, and recently the department has been under scrutiny by a California Senate committee for possible involvement in manipulative trading. Freeman, therefore, was also facing investigation, which was stepped up prior to yesterday's vote.

Republican senators portrayed Freeman as a criminal, responsible for victimizing Californian consumers and the market by inflating electricity prices. Ultimately, most Senators believed there was no evidence in Freeman's deposition that he knowingly took part in market manipulation.

Although Freeman will take up the position as power authority chairman, the Senate committeee is still investigating Freeman's role as LADWR chairman.

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