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Invenergy Announces New Agreements with Meta for Renewable Energy to Support Data Center Operations

LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.

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New York Power Authority to Develop New Nuclear Facility in Upstate New York

LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.

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Industry News

EU Report Will Focus on Boosting Investment

LCG, Dec. 1, 2003--The European Commission is set to release a set of laws aimed at encouraging electric generation investment and a competitive power marketplace, according to draft documents obtained by Dow Jones Newswires.

The final versions of the proposed laws will be released Wednesday, and will have arrived after a summer in which outages cut power to millions of European citizens. The proposals call for incentives or forms of guaranteed return to achieve necessary investment in transmission grid infrastructure, and in power plants to meet projected growth in power demand. The documents suggest that penalties could be invoked for failure to meet reliability standards, or for delays in implementing system upgrades.

The proposals by the executive body of the European Union will only become law if governments vote in favor of them. Switzerland and Italy lost power this summer when connections between the countries shorted out. Denmark and the United Kingdom also experienced blackouts that affected their capital cities. According to deregulation plans that have already been moved up in time, businesses in the EU will have the ability to choose their power suppliers in July 2004.
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