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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

Bear Head LNG Project Mothballed

LCG, February 9, 2007--Anadarko Petroleum announced Tuesday that it has written off its investment in the Bear Head LNG project, a proposed liquefied natural gas (LNG) terminal to be located on a peninsula on Cape Breton Island, Nova Scotia, Canada. The company stated that it has taken a $111 million charge against its fourth quarter 2006 earnings for the previously planned terminal.

Anadarko Petroleum stated that it was unable to obtain a long-term gas supply and will now mothball the $500 million project. In July 2006, Anadarko announced that it planned to sell Bear Head LNG Corporation, the wholly owned subsidiary developing the project, but that transaction did not come to fruition.

The Bear Head LNG project was designed to receive LNG from tankers and to regasify 1 Bcf/day of natural gas, which was to be transported to Northeast markets via the Maritimes & Northeast Pipeline (M&NP). This initial phase was scheduled to be operational in late 2008. A second phase of the project was anticipated that would increase the sendout capacity to 1.5 Bcf/day.

The Environmental Assessment was approved in August 2004 and construction was initiated in October 2004.





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