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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

Rate Increases Since '90 Greatest in Nevada

LCG, Sept. 10, 2003--Californians and New Yorkers can still lay claim to paying the highest rates for electric power, but those rates have not risen as fast since 1990 as those in Nevada, according to the U.S. Energy Information Administration (EIA), the statistical arm of the Department of Energy.

The average increase across Nevada-based investor-owned and municipal utilities and cooperatives taken into consideration was 60%. The average family in the Las Vegas area, served by Nevada Power Co., pays $107.88, up from $62.75, and has experienced a 74% increase. Nevada Power obtains 60% of its requirements for power from other suppliers at peak-demand hours, said the executive vice president of Nevada Power's owner, Sierra Pacific Resources, Michael Yackira. Rates for all state residents are about 30% less than those paid by California residents.

In neighboring Arizona, rates actually fell, by 11.8%, to an average residential rate of 7.91 cents per kilowatt-hour.

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