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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

Connecticut Representatives Want Delay of SMD

LCG, Feb. 26, 2003--The Federal Energy Regulatory Commission has sought to block a petition brought by Connecticut Attorney General Richard Blumenthal that requests a stay of implementation of the agency's Standard Market Design (SMD).

Both U.S. Senators and nearly all House Representatives from Connecticut, which suffers from significant local transmission congestion, have also requested a study of the impacts of having customers in congested areas pay for more of the cost of transmission infrastructure improvements that benefit them. Until such a study has been done, Democratic Sens. Christopher Dodd and Joseph Lieberman would like FERC to wait to begin Standard Market Design. FERC is now due to complete a report on likely effects in April, but has plans to begin SMD in Connecticut this Saturday.

FERC believes that locational marginal pricing will encourage investment in areas where it is most needed, by setting up eight zones through New England, each of which will have its own power price. The lowest prices should occur in zones with the most adequate transmission network. The additional costs the Connecticut Department of Public Utility Control has projected for Connecticut, and which were obtained from FERC documents by the Connecticut Post, range from $125 million to $375 million per year.

The New England Independent System Operator is basing implementation of SMD on FERC orders, and its leadership believes the rules will address outstanding transmission problems. The FERC hopes not to have to delay SMD while it completes a review of the contents of the attorney general's petition, and filed its motion for dismissal with the U.S Court of Appeals for the District of Columbia circuit.
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