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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

California Assembly Passes 'Brokerage' Legislation

LCG, Jan. 17, 2001The lower house of the California legislature yesterday evening passed legislation that would allow a state agency to purchase electric power and resell it to the state's beleaguered electric utilities at cost.

Under the measure passed 60 to 5 in the Assembly, the state Department of Water Resources would be allowed to enter into long-term contracts to buy wholesale power for not more than 5.5 cents per kilowatt-hour.

The bill is fatally flawed in that power producers will not sell power to anyone, including the state, for 5.5 cents per kilowatt-hour. Because of extremely high natural gas prices, it is doubtful that power can be generated in California for that cost. The power producers have said they need between 7 cents and 8 cents per kilowatt-hour no matter who signs a long-term contract.

Stacey Jernigan, a bankruptcy lawyer who has been advising Assembly leaders, said she was hopeful that the length of the contracts and the high volumes of power would make it possible to get the lower rate the bill would require. "It just depends on who you contact," she said.

Depending on whom you contact may not have anything to do with it if natural gas prices do not drop abruptly and significantly. Yesterday in Southern California, some power plants were forced to switch to burning fuel oil because of high gas prices. The switch worsened another California power problem, that of insufficient generating resources, as the plants produce less power when using the alternate fuel.

The Assembly bill moves to the state Senate today where realism may be applied to the price limit. If passed and reconciled with the Assembly, it will then go to Gov. Gray Davis for his signature. His pen is ready.

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