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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

Netherlands to 'De-privatize' National Grid

LCG, Oct. 19, 2000--The government of The Netherlands agreed this morning to purchase from its four owners the entire national electric transmission system that serves the land of tulips and Edam cheese. The cost to the government will be an agreed-upon $976 million.

Under a proposal by Dutch economic minister Annemarie Jorritsma, the government had planned to purchase only 51 percent of the grid but the transmission owners, EPZ, EPON, EZH and UNA, pushed for a complete sell-off.

A ministry official told the Financial Times, "The four companies that currently own the network were keen to sell the whole stake and we realized there was increasing parliamentary support for this."

As the European Union has opened the electric market on the Continent to cross-border competition, Holland has been held back by a lack of import capacity on its transmission grid. Because of long-term, fixed-price contracts, there has been little incentive for the four companies to expand their wires networks.

"On the one hand the market is liberalized but on the other hand we still have all the problems of the past. The new arrangement will allow us to make a fresh start," the official said.

As part of the agreement, the four companies will free up import capacity on the grid by terminating a contract with Electricit de France, the French national electric monopoly that likes to export power but is loath to see the juice flow the other way. Costs of cancelling the contract will be borne by the four companies.

The four selling companies plan to hold a joint press conference tomorrow.

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