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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

AES Reviewing Sale of Indianapolis Utility Stake

LCG, Feb. 20, 2002--Indianapolis city officials are monitoring developments after an announcement by AES Corp. that it would sell a stake in the holding company for Indianapolis Power & Light Co.

AES has owned IPALCO Enterprises for almost a year, and is considering the $600 million sale due to increased cash requirements. The company wants to raise $1.5 billion overall, but has reportedly told IPL that the sale will be limited to a 20 percent stake.

City officials' main concern is that AES retain ownership of IPL generating plants. If the plants were sold, the city might have to buy power from the market. Chief Deputy Mayor Michael O'Connor told The Indianapolis Star, "that would have a direct impact on consumer electric bills."

"We'll intervene at the federal level if this turns out to be more than a minority-stake sale," O'Connor said.

A spokeswoman for AES, Crystal Livers-Powers, said "AES is making this offering on the shares of IPALCO, not its assets." The company would either make an initial public offering or sell stock to a financial institution, the city said AES had indicated. AES is nearly certain to receive significantly less than its purchase price for IPALCO, due to the fall in energy company stock prices generally.
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