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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

Mexico Cuts Energy Funding by 25 Percent

LCG, October 8, 2002-The budget approved by Mexico's Congress allows for $1.5 billion less that what iss necessary for maintenance, operation, transmission, and distribution of electricity.

Mexico's Federal Electricity Commission, or CFE, along with representatives from state power distributor Luz y Fuerza de Centro (LFC), requested that legislators reinstate the state company's funding.

The Congress gave $8.5 billion to energy, although $10 billion was requested, and officials insist that fuel alone will cost $5 billion.

Energy officials insist that 20 percent less revenue than expected, or $400 million, was received from ratepayers because of electricity theft and lowered demand.

Mexico owns about 40,000 megawatts of capacity and expects a yearly growth in electricity demand of 5.6 percent.

Other issues currently being discussed between legislators and Mexican energy officials include nuclear plant safety, pollution from aging plants, hydroelectric dam-induced flooding, and a joint Mexico-Guatemala hydroelectric plant project.

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