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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

Brazil Suspends Gas Development

LCG, March 20, 2000- Plans to develop Brazil's natural gas importation have been suspended while the Brazilian government rethinks its energy production.

Brazil has been experiencing a severe energy shortage, rationing energy over the last nine months. Nine tenths of Brazil's electricity comes from hydroelectric plants, and drought has seriously limited energy generation.

The government had planned to expand gas imports from Bolivia to generate more energy but has decided to reevaluate its gas-fired energy needs first.

In October of 2001 international companies were allowed to apply to expand the pre-existing 30 million cubic meter pipeline.

Many foreign investors want access to the pipeline but are dismayed at the falling Brazilian currency, 16 percent last year over the dollar. In addition, Brazil's thermoelectric development has stagnated and only a few of the planned gas-fired plants have been built.

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