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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

Morgan Stanley Can Buy Duke Power Contracts

LCG, Jan. 20, 2004--The sale of contracts by Duke Energy Trading and Marketing, a unit of Duke Energy Corp., to Morgan Stanley Capital Group has received approval from the Federal Energy Regulatory Commission.

The deal, which includes interests in 241 contracts, would cover short-term and long-term contracts. The sale also would move Duke Energy Corp. nearer to dissolving the Duke Energy Trading and Marketing unit, a joint venture with Exxon Mobil Corp. The unit would retain at least some of its portfolio of contracts.

Duke spokeswoman Kate Perez said that Duke continues to trade using its generating assets. Although Duke Energy North America, the merchant unit, is preparing to sell unspecified plants in the Southeast, the company has plants throughout other regions of the country.
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