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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

Mirant's Debt Rating Lowered to Junk

LCG, October 22, 2002-In line with the state of numerous energy companies lately, Mirant Corporation saw its debt rating lowered to junk status late yesterday by Standard & Poor's Ratings Services.

Mirant, which has outstanding debt of $10.7 billion, went from a unsecured debt rating of BB to BBB-minus.

On October 10, Moody's Investors Service downgraded the company's debt to near junk, at which point Mirant spokespeople made a point of the company's devotion to "strengthen liquidity and reduce trading and marketing activity," as was stated by company chief financial officer Ray Hill.

Mirant owns or controls 17,000 megawatts worth of electric capacity in the United States.

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