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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

Xcel Energy Proposes Accelerating Retirement of Coal-fired Electric Generating Units in Minnesota

LCG, October 7, 2015-Xcel Energy announced on October 2 its proposal to accelerate the company's transition from coal-fired electric generation resources to generating resources with less carbon emissions by retiring two, coal-fired units at its Sherburne County Generating Plant (Sherco) in Becker, Minnesota

Xcel Energy filed its proposal with the Minnesota Public Utilities Commission (MPUC) in Reply Comments to the 2015 Integrated Resource Plan that Xcel Energy submitted early this year. The MPUC is currently reviewing the recent proposal.

The Sherburne County Generating Plant is located approximately 45 miles northwest of the Twin Cities on the Mississippi River. Xcel Energy's plan calls for retiring 682-MW Unit 2 in 2023 and 680-MW Unit 1 in 2026. Xcel Energy is the sole owner of the two units, which commenced commercial operations in 1976 (Unit 1) and 1977 (Unit 2). Unit 3, with a capacity of 860 MW, is owned by both Xcel Energy (59 percent) and Southern Minnesota Municipal Power Agency (41 percent).

Xcel Energy's proposal includes (i) accelerating the addition of wind and solar resources, targeting 28 percent of Xcel's energy mix in five years and 35 percent in 2030, (ii) continuing the operation of its carbon-free nuclear plants in Monticello and Prairie Island through their existing licenses, (iii) developing new natural gas generation in the region, including natural gas generation at Sherco and in North Dakota, and (iv) continuing to help customers improve energy efficiency.

The president of Xcel Energy-Minnesota stated, "Today's proposal provides the clean energy our customers want, as well as the cost-effective transition our customers need. By allowing adequate time to transition our workforce and the communities we serve, we can meet their needs and lead the way in delivering carbon free energy."
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