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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

Peruvians Strike Against Privatization

LCG, April 17, 2002--Civic groups in three southern areas of Peru began a two-day strike protesting the privatization of Peru's electricity industry.

Interest groups assert that nothing beneficial will come of privatizing the electricity sector, and too much control will be handed over to foreign investors. Worker fear layoffs, higher costs, and the creation of antagonistic monopolies.

Generacion Electrica de Arequipa (EGASA) and Generacion Electrica del Sur (EGESUR) are scheduled for privatization April 30.

Peruvian Financial Minister Pedro Pablo Kuczynski insists that the state-owned assets will be sold, and that Peru will be able to reap $700 million from the sales.

According to Peruvian polling, as many as seven tenths of people asked are against privatizing electricity.

Transmission companies Etecen and Etesur will be up for sale on April 23, and four regional electricity distribution will be auctioned on May 30: they are Electronorte SAC, Electro Norte Medio SA, Electrocentro SA, and Elerctronoroeste SA.

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