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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

Enel Buys 40% Stake in Camuzzi Gazometri

LCG, Oct. 17, 2001--Italy's government-owned electric utility Enel yesterday acquired a 40 percent stake in Camuzzi Gazometri for 434 million euros ($400 million U.S.), the Financial Times reported this morning.

Enel, which wants to be all utilities to all Italians, providing service under one brand name for electricity, gas, water and telecommunications, made its first purchase in the natural gas sector last June. It has since gobbled up 13 gas distribution companies.

The stake in Camuzzi Gazometri, which it has the option of expanding to 100 percent by the end of next year, will make Enel Italy's second largest gas distributor after Gruppo Italgas.

Enel bought its 40 percent stake from Mill Hill Investments, Camuzzi Gazometri's controlling shareholder. The Financial Times says the acquisition means Enel could achieve its target of acquiring 2 million residential natural gas customers by the end of next year - two years ahead of its original target date.

According to the paper, Enel and Mill Hill investments have put in a place a series of management mechanisms to ensure that Camuzzi is managed "in their common interest". The agreement gives Mill Hill an option to buy back its 40 per cent stake by October of next year at a price that is 25 per cent above Tuesday's sale price, the report said.

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