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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

SEC Approves Northern States-New Century Combo

LCG, Aug. 18, 2000--The U.S. Securities and Exchange Commission yesterday placed its imprimatur on the merger of Northern States Power Co. and New Century Energies of Denver, Colo., bringing to near-completion yet another combination of major energy utilities.

The SEC approval leaves only paperwork to be done before closing the transaction, which will create a new company named Xcel Energy Inc. Xcel will be headquartered in Minneapolis, Minn., but New Century, the former Public Service Co. of Colorado, will continue to have offices in Denver.

Xcel will be a holding company, serving through operating subsidiaries more than 3 million electricity customers and 1.5 natural gas customers in 12 states. A subsidiary of New Century will add about 2 million customers in the United Kingdom.

Wayne Brunetti, chairman and chief executive of New Century, will be president and chief executive of the new company and has already moved to Minneapolis from Denver. Jim Howard, Northern States chairman, president and chief executive, will be chairman of Xcel for a year before retiring, at which time Brunetti will assume that role as well.

Under terms of the transaction, Northern States stock will become Xcel stock, share-for-share, with no exchange of stock necessary. New Century shareholders will receive 1.55 shares of Xcel stock for each share of New Century they own.

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