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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

AES to Buy Second Ukraine Electric Distributor

LCG, May 3, 2001--AES Corp. said this morning that it has won a bid for about $23.2 million to purchase a 75 percent controlling interest in Rivenoblenergo, the electric distribution company that serves the Rivno region of Ukraine, about 125 miles from the capital city of Kiev.

Rivenoblenergo, which serves about 383,000 customers, is one of six distribution companies that are being privatized this spring by the Ukrainian government. The remaining 25 percent of the business is either publicly traded or owned by employees of the company.

AES said completion of the deal is subject to execution of a sale and purchase agreement.

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