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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 Commission May Fine Enron Unit $7 Million

LCG, June 4, 2002--The Texas Public Utilities Commission recommends that Enron unit Enron Power Marketing(EPMI) be fined for its hand in electricity market manipulation.

The Texas Commission asserts that EPMI took part in various manipulative measures, such as artificially generated electricity shortages caused by "enormous overscheduling."

Enron must respond to the possibility of a $7 million fine within 30 days.

Other companies under investigation in the Texas electricity market, which saw a major deregulatory step January 1, include American Electric Power, Mirant, Reliant Energy, and TXU.

Texas regulators say that overestimated demand and scheduling mismanagement have led to high prices and $29 million in overpayments.

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