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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

Energy Bill Tax Breaks Three Times Earlier Estimate

LCG, Nov. 19, 2003--The energy bill now being debated in Washington contains an estimated $25.7 billion in tax credits or allowances that would be spread over the next 10 years, and in the view of some free-market advocates and other observers, represent highly targeted subsidies to particular sectors of the energy industry.

Approximately three-fourths of the tax inentives could be used by energy companies. Many of the tax breaks, including those for consumers, are not based on levels of energy production or savings, but on the type of technology or application involved. A senior policy analyst of the conservative think tank the Heritage Foundation, Charli Coon, was quoted in the New York Times as saying of the bill, "Congress should not be determining the energy winners and losers nor the appliance winners and losers." Coon believes that purchasing decisions should not be based on tax incentives.

Another observer who was quoted was Jerry Taylor, who directs the natural resources program of the Cato Institute, which adopts a strong libertarian stance against what it sees as excessive government influence. "If a technology has merit, there is no need to subsidize it, and if a technology does not have merit, no amount of government subisidy is going to give it merit," Taylor said.

Robert McIntyre directs Citizens for Tax Justice, which receives funding from labor groups, and asked, "What are we doing with this bill? Are we cutting prices for energy so we use more of it? ...This bill is just political payoffs to people who make contributions."

Last year, the Bush administration wrote in a letter to Congress that it was targeting about $8 billion worth of tax incentives for energy producers, roughly half of what is outlined in the current bill before considering additional tax breaks for consumers. Concerns have been raised about the possibility that some of those claiming the credits could perpetrate fraud in filing their taxes, due to the difficulty the Internal Revenue Service would have in monitoring all such claims of eligibility.
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