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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

Likely Buyer of Enron's India Unit Lowers Its Offer Price

LCG, Jan. 23, 2002--Following Enron's initiation of bankruptcy proceedings, BG Group has lowered its offer for stakes in Indian oil and gas fields, and the associated exploration business owned by the embattled company.

BG Group, a U.K.-based integrated gas company, first made an offer of $388 million in October, but has revised what it is willing to pay downward in negotiations, to $350 million. The deal is still being developed.

The assets in question include the Tapti gas field and the Panna/Mukta oil and gas field, which together yield 70 million cubic feet of gas and 8,200 barrels of oil per day.

Another, Indian owner, Oil and Natural Gas Corporation, which has a 40 percent interest (Enron has 30 percent), has sought to prevent BG Group from taking ownership. No progress has been made between BG Group and ONGC in negotiating a compromise regarding ownership and operatorship, which ONGC wants to take over from Enron. The third owner, also Indian, is Reliance Industries.

The creditors' committee in Enron's bankruptcy filing has so far not raised any objections to the terms being discussed, which will also require approval by the bankruptcy court.

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