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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

Calpine Acquires Combustion Turbine Firm

LCG, Dec. 20, 2000--Calpine Corp. took a step yesterday in providing support for its growing fleet of combustion turbines by acquiring Boca Raton, Fla.-based Power Systems Mfg. LLC, a firm engaged in combustion turbine component engineering, design and manufacturing.

Calpine said it had agreed to pay $43 million for Power Systems, $10.7 million in Calpine stock and $32.2 million in cash which will be paid in five equal installments beginning January 2002. The cash payments may be modified if Power Systems doesn't perform as expected.

Tom Mason, Calpine's executive vice president for operations, said the acquisition will "significantly strengthen" his company's ability to operate and maintain its fleet of combustion turbines. He pointed out that "Over the next few years, Calpine will become the owner and operator of the world's largest fleet of natural gas-fired power plants."

Power Systems specializes in the design and manufacturing of turbine hot section blades, vanes, combustors and low emissions combustion components, and Thomas Churbuck, its president, said those capabilities "are an excellent match for Calpine's North American energy initiative."

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