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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

French Okay Endesa Interest in Power Firm Snet

LCG, Nov. 21, 2000--Endesa, Spain's largest electric utility, said yesterday the French government has approved its plans to acquire a 30 percent interest in French power producer Socit Nationale d'Electricit et de Termique.

Snet is the second largest French electricity company by installed capacity, owning 5 coal plants with 2,600 megawatts total capacity -- a drop in the bucket compared to Electricit de France, which itself owns 19 percent of Snet. The balance of Snet is owned by government-run Charbonnages de France, a coal mining and industrial firm.

Yesterday, Endesa signed an agreement with Charbonnages to acquire a 30 percent stake in Snet, with an option to increase its ownership "in the medium term."

Most of Snet's power output is sold to EdF, with a small amount being sold to business customers. Endesa said it expects to increase the proportion of industrial and commercial sales in the future.

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