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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

Boston Edison Parent Asks for Electricity Rate Cuts

LCG, Oct. 16, 2001--NSTAR Electric said yesterday it has asked the Massachusetts Department of Telecommunications and Energy for permission to cut electricity prices by as much as 27 percent for customers who take default service from the company.

If approved, the rate cut could save those customers more than $11 per month, the company said.

While the reductions vary slightly for three NSTAR affiliates, Boston Edison Co., Commonwealth Electric Co. and Cambridge Electric Co., customers will see roughly the same savings on their monthly electric bills. The typical householder, using about 500 kilowatt-hours of electricity per month, will see his bill drop from the high-$40s to the mid-$30s.

Thomas J. May, NSTAR's chief executive, said "We are delighted to see world energy prices falling so rapidly and we are even happier to see the savings coming home to the people and businesses of Massachusetts. These lower energy prices will save Massachusetts residents and businesses more than $450 million and that will be a major contribution to the financial health of our state's economy."

The company said that it will ask approval next month to cut standard offer rates for the three local utilities. These requests come on top of an earlier filing asking approval to reduce natural gas prices by 32 percent.

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