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Invenergy Announces New Agreements with Meta for Renewable Energy to Support Data Center Operations

LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.

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New York Power Authority to Develop New Nuclear Facility in Upstate New York

LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.

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Industry News

Power Prices Threaten Washington State Economy

LCG, March 14, 2001--An analysis by the Washington state Office of Financial Management, noting that electricity in the state costs 20 percent more than it did a year ago and natural gas 60 percent more, paints a grim picture for the economy of the state.

In a worst case scenario, the study predicts that higher energy prices could cost householders $1.7 billion per year and cut job growth by a third. According to an Associated Press report, the hardest hit will be aluminum refiners, which use massive amounts of power. Those aluminum businesses located in Washington because of the abundance of inexpensive hydroelectric power.

It takes water to make hydroelectric power and Washington's rivers are near their all-time lows, as are the impoundments behind dams. Those reservoirs are the fuel tanks for the turbines that provide much of the Pacific Northwest's electricity.

Washington Gov. Gary Locke is expected to officially declare a drought emergency today. According to the energy analysis, electric power prices could rise another 50 percent and not come down for two or three years.

That will be too much for the aluminum industry, according to Robin King, an official of the Aluminum Association, a Washington, D.C.-based trade group. "Those high prices simply would not allow aluminum production to resume or continue," he said.

Employment in Washington's aluminum industry has dropped from around 7,000 in 1998 to 5,000 today and a state economist says it will be down to 3,000 in another two years.

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