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Meta Announces Up to 6.6 GW of Nuclear Projects to Power American AI

LCG, January 9, 2026--Meta today announced new, landmark agreements that will (i) extend and expand the operation of three existing nuclear power plants and (ii) drive the development of advanced nuclear technology. Meta's new agreements with Vistra, TerraPower, and Oklo follow Meta's request for proposals (RFP) issued last month. Meta expects these projects to deliver up to 6.6 GW of new and existing clean nuclear energy by 2035.

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Babcock & Wilcox Selects Siemens Energy to Supply Steam Turbine Generator Sets for Massive Applied Digital Data Center Power Project

LCG, January 8, 2026--Babcock & Wilcox (B&W) announced today that it has selected Siemens Energy to provide steam turbine generator sets for B&W’s groundbreaking project to install and deliver one GW of power for an Applied Digital AI Factory. B&W and Siemens have entered into an agreement for a limited notice to proceed to secure the turbine sets, which will enable B&W to deliver power for the project by the end of 2028. The estimated cost of the project is approximately $2 billion. The full contract release is expected in the first quarter of 2026.

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Industry News

Six Firms Qualify for Brazil's Cesp Auction

LCG, May 11, 2001The energy secretariat of Sao Paulo state in Brazil said yesterday that a Brazilian utility and five foreign firms have qualified for the May 16 auction of Cesp Parana, which provides about half of the electric power consumed in Brazil's most populous state.

Attempts to auction Cesp fizzled last year when all bidders withdrew at the last minute, citing risks in the utility's debt portfolio and its inability to fill the reservoir behind one of its largest hydroelectric facilities. Most of the companies problems have been resolved, observers say.

Base price for next Wednesday's auction has been set at 1.74 billion reals ($765 million U.S.), the same price in reals as last year's attempt. The price is lower in U.S. dollars, however, because of sharp declines in the Brazilian currency against that of the U.S.

A spokeswoman for Sao Paulo state said Duke Energy Corp., AES Corp. and NRG Energy Inc. of the U.S.; Electricit de France, and Electricidade de Portugal qualified to bid for Cesp. Minas Gerais state utility Cemig, which was restricted from bidding for a controlling stake in Cesp, was authorized to participate provided that it forms a bidding consortium with another firm.

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