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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

Russia Refuses to Lower Energy Prices for WTO

LCG, October 31, 2002-Russia will not allow foreign generators to sell electricity at a price equal to domestically produced electricity, although the country is bidding to join the WTO.

Maxim Medvedkov, chief negotiator for Russia, has said to reporters that Russia need not alter its system of charging higher prices for export electricity in order to facilitate the country's entrance into the World Trade Organization.

Medvedkov is in the last state of negotiating Russia's membership in the WTO and has conceded that Russian energy should become privatized but stands firm on the issue of dual pricing, asserting that Russian per capita energy consumption is twice that of Canada.

Current WTO members disagree with Russia's dual pricing and say it gives Russian exportation of other goods an unfair competitive edge.

U.S. Trade Representative Robert Zoellick has projected that Russia may join the WTO as early as 2004 as long as economic reforms are instituted.

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