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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 Electricity Contracts May See Formal Hearing

LCG, August 28, 2002-Officials responsible for electricity purchases on behalf of Californian consumers and many of the companies selling wholesale power have not yet reached an agreement over contracts signed last year.

Eight companies, including El Paso Corp., Dynegy Inc., and Sempra Energy, started new talks with the Federal Energy Regulatory Commission today in order to reach settlements over contracts originally signed during the California power crisis.

California claims that the power contracts in question are unreasonably expensive because they were written during a time when wholesale electricity prices were unusually high and the state was desperate to buy power. Californian officials have also made demands that refunds be given for what it calls unfairly high prices paid for electricity in 2000 and 2001.

If no further progress is made on the contracts by tomorrow, FERC Chief Judge Curtis Wagner will begin a formal hearing on Friday.

However, GWF Energy LLC managed to settle claims with California this week, resulting in $215 million in savings for California on a 10 year contract. The company is also constructing a 164 MW plant in Tracy.

Earlier this year Calpine Corp. and Constellation Energy Group came to agreements with California, decreasing contracts by $3.5 billion, or 23 percent.

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