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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

Centrica Pays $252 Million for TXU Plants in UK

LCG, Aug. 27, 2001--Centrica Plc, the largest British combined gas and electricity supplier, doubled its electric power capacity Friday when it agreed with TXU Corp. of the U.S. to acquire two power plants on a lease purchase arrangement.

Centrica said it purchased for $252 million two 20-year leases to operate gas-fired power plants in Peterborough and King's Lynn in East Anglia, a region of eastern England. At the end of the leases, Centrica will have the option of acquiring the two plants.

Roy Gardner, Centrica's chief executive, said the deal would boost his company's owned generating capacity from 755 megawatts to 1,460 megawatts, still less than a third of the peak demand from its 4.5 million retail customers.

"Today's transaction reinforces our commitment to grow our electricity business and to continue offering customers a competitive package," he said Friday. Three months ago, Centrica bought a 60 percent interest in Humber Power, a modern natural gas-fueled plant.

Centrica was created with the partial "de-merger" of the British Gas monopoly in 1995.

TXU, for its part, said it is selling generating assets to clean up its balance sheet. The American company is the UK's third-largest combined gas and electricity supplier and says it has plenty of generation, even after selling its 1,000 megawatt Rugby coal-burner to International Power in June.

"This is a significant step towards achieving our optimum generation position in the UK market," said Martin Stanley, president of TXU Europe energy trading, adding that the company would like to sell another 2,000 megawatts of capacity.

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