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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

Tractebel Gains Ownership in Peruvian Power Auction

LCG, June 14, 2002--An auction of two Peruvian power companies today saw Belgian firm Tractebel submit the winning bid, with a price barely above the $156 million base price.

The auction was set to involve six approved bidders, and also included PSEG Global Inc. and Statkaft AS, while AES Corp., Duke Energy, and NRG Energy failed to participate in the end. The companies auctioned off were Egasa and Egesur, each of which has produced over 20% less energy so far this year as compared to the same period in 2001.

The generation assets of Egasa and Egesur are found in the southern provinces of Peru, consisting of hydropower and diesel generators, only one-quarter of them operational.

So far this year, the government has raised $560 million through privatizations and concessions, with a goal of reaching $800 million. As a way of bolstering the weak economy, half of the proceeds will be committed by the privatization agency ProInversion to infrastructure projects. While an opposition legislator went on a hunger strike against the privatization, large crowds gathered to protest in the city, Arequipa, where Egasa is headquartered. Energy and Mines Minister Jaime Quijandria reflected on the tumultuous, halting process leading to the auction, saying "This isn't possible in a country that wants to attract investment."

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