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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

Settlements Said to Be Near on California DWR Contracts

LCG, Aug. 30, 2002--Of the energy suppliers now discussing revised terms for long-term power contracts signed by the Department of Water Resources, Sempra and another unspecified company are close to reaching settlements, according to Federal Energy Regulatory Commission administrative law Judge Curtis Wagner.

Lawyers for Sempra, Coral Power (a unit of Royal Dutch/Shell), PG&E Energy Trading and El Paso Corp. have agreed to another settlement conference in Washington late next month, while four or five companies have not settled either officially or in principle. Williams Cos. and GWF Energy, partly owned by PSEG Global, have said they plan to settle. Morgan Stanley and Allegheny Energy Inc. are not in renegotiation discussions.

Settlement talks will continue out of court, although in some cases, the beginning of adjudicated proceedings overseen by FERC may proceed along what Wagner has termed a "parallel track." This will imply simultaneous, informal talks. Disputes on contracts that are not resolved may be heard by another administrative judge on Dec. 2.
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