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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

Companies Receive Subpoenas from San Francisco U.S. Attorney

LCG, Nov. 11, 2002--The U.S. Attorney's office in San Francisco has issued subpoenas to four energy companies who conduct business in the California energy markets, the companies announced today.

The subpoeanas are part of a grand jury investigation. The companies have said that the subpoenas concern their activity in California markets. Currently, multiple investigations focussing on the companies are being conducted by federal agencies, including the Federal Energy Regulatory Commission, the Commodities Futures Trading Commission and the Securities and Exchange Commission. Of those making the announcement - Duke Energy Corp., William Cos., Reliant Resources Inc. and Mirant Corp. - none has so far been the subject of substantial findings.

The U.S. Attorney's office in San Francisco last month charged the former top trader at Enron, Timothy Belden, with conspiracy to commit wire fraud. Belden, who said he would cooperate with prosecutors, has admitted engaging in trading behavior which allowed his trading unit to extract high profits based on the California market design. In some cases, Belden was to admit that power from California was sold outside California, to parties who then re-sold at uncapped, out-of-state prices.

The companies have denied engaging in improper trading activity, and have said that the cause of California' energy crisis was in fact a shortage of supply.
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