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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

Biomass Power Plant in California Begins Operation

LCG, June 18, 2001A financial subsidiary of natural gas giant El Paso Corp. said this morning that a biomass-fueled power plant near Fresno, Calif., for which it provided funding has begun commercial operation two weeks ahead of schedule and is pumping 25 megawatts of electricity into the energy-starved California wholesale power market.

EP Power Finance provided funding to Madera Power, a subsidiary of Energy Products of Idaho,enabling the company to acquire and refurbish the previously dormant power plant. The facility uses biomass materials that typically include grape by-products, wood chips, and tree trimmings that would otherwise be disposed of in local landfills or burned in open fields.

"We have been pleased to work with EP Power Finance to help provide additional electricity to theCalifornia grid while using an innovative renewable energy source," said Leroy Pope, generalmanager of Energy Products of Idaho. "This partnership has enabled our company to pursue thisviable opportunity to revive a quiescent project to help meet local energy demands."

Power generated by the Madera plant is being sold into the wholesale merchant market. The project attracted considerable interest due to the rapid start-up date, and the company is still in the process of negotiating long-term contracts with a number of potential customers.

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