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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

Enron-owned Dabhol Plant Will Not Resume Operations

LCG, September 3, 2002The Dabhol power project, located in the Indian state of Maharashtra, will not resume operations to supply the surrounding area because a electricity rate cannot be agreed upon.

Officials in the electricity-starved western state had considered paying for power from the dormant plant, but plant owners found the offered price too low to make the plant financially viable.

Bankrupt Enron Corporation owns 65 percent of the facility, GE and Bechtel Corp. own 10 percent each, and the Maharashtra State Electricity Board owns 15 percent.

While 750 MW of the plant operated starting 1999, the 1444 MW second phase was never completed because the State Electricity Board did not stay current with payments by some $240 million.

The plant, which has been shut down for more than a year, awaits a price agreement between the state and plant owners. Bechtel Corporation has offered to restart the plant, but the Industrial Development Bank, on behalf of Dabhol creditors, refused the offer.

Civic groups and others have condemned the delay, and the Indian government wants to begin operations as soon as possible. Lenders will meet in Singapore later this week to discuss the plants future.

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