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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

MidAmerica Wind Projects Spurred Forward by PTC

LCG, September 30, 2004--MidAmerica Energy announced its final plans to proceed with two wind farms in Iowa following the approval of the Production Tax Credit by the House and Senate last week. Each wind farm will include 100 wind turbines, for a combined generating capacity of 310 MW.

One wind farm will be located in Buena Vista and Sac Counties. Initial construction efforts have begun, with the installation of the 1.5-MW turbines to be completed by the end of the year. The other wind farm will be located in Wright and Hamilton Counties, and the installation of the turbines is planned for next spring.

The Production Tax Credit, which provides for 1.5 cents for each kilowatt-hour of electricity produced, had expired at the end of last year. When the credit expired, the financial viability of wind projects was significantly reduced, and many projects were put on hold. The new legislation is expected to be signed by President Bush shortly and will extend the tax credit retroactively from January 1, 2004 through December 31, 2005.

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