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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

NRG Files Chapter 11

LCG, May 15, 2003-Yesterday, Xcel Energy Inc. unit NRG Energy Inc. filed for Chapter 11 bankruptcy protection.

NRG filed in U.S. Bankruptcy Court in the Southern District of New York; the company plans to continue regular operations while undergoing restructuring.

NRG has $9.23 billion in debt. Its reorganization plan involves a $752 million debt restructuring settlement with creditors, and it expects to emerge from bankruptcy by year's end. The company will no longer be included in Xcel's financial statements.

Leonard LoBiondo of Kroll Zolfo Cooper LLC will assume responsibility as chief restructuring officer, and John Boken, also from Kroll Zolfo Cooper, will be interim president and chief operating officer.

On Wednesday, shares of Xcel increased by 20 cents or 1.4 percent on the New York Stock Exchange.

Xcel Energy is based in Minneapolis and controls utilities in Colorado, North and South Dakota, Minnesota, Wisconsin, Michigan, and some of the Southwest.

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