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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

Spain's Fenosa to Buy Two AES Power Firms

LCG, Aug. 31, 2000AES Corp. of the U.S. said yesterday it would sell as planned two Colombian power companies to Unin Fenosa, Spain's third-largest electricity generating company. Fenosa will pay $235 million for the companies.

AEC acquired the two Colombian firms when it bought Venezuela's Grupo EDC earlier this year in what began as a hostile takeover bid. Fenosa, which initially contested AEC for EDC, agreed to back off in exchange for the right to buy the regional power company Epsa for $100 million and another, Electrocosta-Electricaribe, for $135 million.

In addition to buying Epsa and Electrocosta-Electricaribe, Fenosa will exercise an option to purchase Genevapaca, a Venezuelan refinery power supplier, for a price to be agreed upon at a later date.

The properties in Colombia cost EDC about $555 million when they were acquired in 1997, but have proved to be a headache because of guerilla activity and governmental red tape.

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