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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

Senate Retreats on Renewables Requirement

LCG, Apr. 25, 2002--The Senate yesterday voted for an amendment to a bill requiring utilities to buy renewable energy credits, cutting in half the price cap on payments utilities could make in place of mandated renewable energy purchases.

The bill, co-authored by Senate Energy and Natural Resources Committee Chairman Jeff Bingaman, D-N.M., allows utilities to buy renewable credits towards requirements for a minimum level of renewable purchases and generation provided to customers. By 2019, 10 percent of utilities' sales would be required to be renewable. The amendment, sponsored by Don Nickles, R-Okla., sets the cap at 1.5 cents per kilowatt-hour, rather than 3 cents per kilowatt-hour.

The cap was intended to limit the possibility of utilities having to pay high prices for renewable credits in lieu of high renewable costs. Nickles, who had the support of a range of business groups, called the amendment a correction to an "assault on ratepayers." Bingaman said the effect of the amendment would "make it much less likely that renewables other than wind...would be used to any significant degree. States relying on biomass, geothermal and solar would be in trouble." Renewable generation accounts for approximately 2% of the power market in the U.S., excluding hydropower.

Sen. Harry Reid, D-Nev., a supporter of the renewables requirement, thought that many utilities would decide to opt for buying the credits rather than renewable energy. A Senate vote on a comprehensive energy bill is expected today.
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