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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

Texas Companies Admit Overscheduling

LCG, March 27, 2002-The names of five of the six Texas companies allegedly involved in overscheduling last year were made public on Monday.

Republican legislator Steve Wolens called on the Texas Public Utilities Commission to release the names of companies being investigated.

The sixth company cites market rules and refuses to publicly announce itself, although according to the Dallas Morning News, speculation has been focused on Enron as a likely candidate.

The other five companies are American Electric Power Company, Reliant Energy Inc., Mirant Corporation, Constellation Power Source, and TXU Corporation.

These five companies insist that overscheduling was accidental. Reliant says that the financial implications of their actions are insignificant. Mirant and Constellation have not commented on the size of their mistakes, and TXU announced Friday that it overscheduled by 5 percent and had refunded the $4 million it made from that 5 percent.

The Texas Public Utilities Commission says that the overscheduling has not had any serious effects on consumers. However, since providers are charged for congestion by market share, penalties could be unfairly allotted.

DD> Investigations of last year's market inconsistencies are ongoing.

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