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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

Kansai Electric in U.S. Merchant Power Venture

LCG, Aug. 29, 2000--Kansai Electric Power Co., Japans second-largest electric utility, said this morning that will enter the U.S. merchant power market in a joint venture with the American investment bank Morgan Stanley Dean Witter.

The joint venture will cost between $50 million and $100 million to establish and will be owned equally by the two firms. It will be named Naniwa Energy.

The Osaka-based Kansai said it will send to the U.S. six gas turbines currently being used as peaking units in western Japan. Kansai said it would sell the units, which have a total capacity of 360 megawatts, to Naniwa for an undisclosed amount.

Naniwa expects to begin producing power in the U.S. by next June and will also trade electricity on the U.S. market through a new unit, Kansai said.

Japans electric industry is in the early stages of restructuring. In the latest move, independent power producers were allowed in March to begin selling power to industrial and commercial customers on bilateral contracts.

A Kansai official said operating the generating units in the U.S. and trading on the American power market will give his company first-hand experience in a deregulated electric industry.

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