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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

Indonesians and Americans Battle over Indonesian Power Projects

LCG, April 3, 2002-Indonesian national oil and gas company Pertamina is fighting U.S. investors over $261 million regarding a suspended geothermal project.

During the Asian financial crisis a few years ago, several Indonesian power projects were suspended, including the West Java Karaha Bodas geothermal plant.

When plans to build the plant were cancelled, Kahara filed claims to retrieve its investment money from Pertamina. A Swiss arbitration panel ruled that Pertamina pay $261 million to Kahara, whose principal investors are FPL Energy LLC and Caithness Energy LLC, both U.S. companies.

However, a Central Jakarta district court ruled otherwise, and Pertamina insists that since the payment must be made in Indonesia and the Indonesian law refutes the Kahara claim, the Indonesian company has won after all.

$130 million of Pertamina's funds have been frozen, and the Indonesian ruling's impact on U.S proceedings has yet to be determined.

Several other legal disagreements relevant to energy investments are ongoing in Indonesia, the world's fourth most populated country.

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