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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 Rejects $10 Billion for Power

LCG, Feb. 1, 2001The lower house of the California legislature early this morning rejected a measure that would have allowed the state to purchase $10 billion worth of electricity and resell it at cost to cash-strapped utilities.

The state Senate had approved the legislation by a 27-8 vote yesterday and the Assembly had hoped to get the measure to Gov. Gray Davis by midnight. But when the weary lawmakers took a vote, the bill passed by 51 to 28, missing the two-thirds majority needed for passage.

The bill's supporters, almost solidly Democrat, said they would take another vote today in an attempt to win over three Republicans.

Assembly Speaker Robert Hertzberg, calling on lawmakers to vote for the measure, said "The critical point that I want to make tonight is, like it or not, we're in the power business."

The bill calls for the state to issue billions of dollars worth of tax-exempt bonds to finance long-term power purchases. The bonds would be repaid through higher electric rates charged to customers, over a period of 10 or more years.

Earlier, a number of Senate Republicans had said that they would vote for the bill only if Davis took full responsibility for the legislation, and even Democrats were putting pressure on the governor to act decisively. Sen. Don Perata, an Oakland Democrat, said the governor has not shown leadership, adding "This is not easy for a Democrat to be saying what I'm saying."

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