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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

French Electricity Prices Suggest Pending Strike

LCG, May 27, 2003-French power unions are going to strike on June third, an action that may seriously limit the country's electricity capacity.

Prices already reflect increases from summer demand and lack of rainfall, but prices for peak demand power went up even more after the announcement of the strike.

Peak electricity for week 23 went for 38/40 euros. Today June baseload sold at a maximum of 22.45 euros, ending at 22.15/22.45 today, an increase from yesteday's 21.65 euros.

Workers are conducting the strike regarding pension reforms. Currently issues of privatization are also sparking discord in France.

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