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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

Rhode Island Bill Would Spur Electric Competition

LCG, Feb. 27, 2002--A bill introduced by Rhode Island lawmakers would attempt to make lower power prices available to the state's small power users.

House Speaker John B. Harwood, D-Pawtucket, and Rep. Brian P. Kennedy, D-Hopkinton, say that the proposed legislation is meant to succeed in ways that the Utilities Restructuring Act of 1996 did not. Since, 1998, customers have been able to choose a supplier other than Narragansett Electric.

Marketers are generally not seen as being as willing to court consumers as they are large businesses, due to the relatively high cost needed to attract a small amount of additional consumer sales. One part of the bill would allow municipalities to solicit bids from suppliers on behalf of their residents, and switch all residents' to the least expensive supplier except for those who opted not to be switched. Thirty-four Rhode Island towns are already realizing savings based on a deal negotiated by the Rhode Island League of Cities and Towns for a duration of five years beginning in 1999.

Despite the bill's focus on allowing aggregation of tens of thousands of customers, it would also give individual customers an option to select higher-priced "green power" produced from renewable resources.

Rate structures would have to reflect different time-of-day costs. In Washington state, a move to higher charges for customers during day-time peak periods have coincided with a shift in power usage towards off-peak periods, when lower prices are in place.

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