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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

TXU Assesses Impact of UK Green Energy Regulations

LCG, Feb. 14, 2002--TXU Europe estimates that the first year of a UK plan to increase renewable generation as a percentage of overall electric power supplies will raise its costs by 20 million pounds ($28.56 million).

The government issued a plan on Thursday that would require power sellers to obtain three percent of their sales from renewable sources. Ashley Turner, the company's sustainable energy portfolio manager, said that increased costs would be added to customer bills to some extent, but that efforts would be made to limit such increases. As to how much of the requirement TXU Europe will meet through its own generation assets, Turner said, "we are expecting to cover about 50 percent (of the obligation) so our buy-out cost would be roughly halved."

TXU's renewable generation quota would amount to roughly 1.6 terawatt hours. The company would pay 42 million pounds ($60 million) in penalties if it sold no renewable power whatsoever. By 2011, the government's plan would require companies to supply 10.4 percent of sales from renewables.

The company plans to aid green power developers in financing projects, but will not be a developer itself. It will utilize internal risk-management expertise to manage price risk from wind farm installations, which do not generate consistently at a given output level.
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