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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

Cogentrix Puts Itself Up for Sale

LCG, Oct. 26, 2001--Cogentrix Energy Inc., the privately-owned independent power producer, has dropped plans for a public offering of its stock and has instead hired investment banker Goldman Sachs & Co. to find a buyer, Reuters news agency reported yesterday.

With the nation's stock markets in the doldrums, Cogentrix has scrapped plans for an initial public offering and instead expects to realize between $1.5 billion and $2 billion in a direct sale to an energy company looking to broaden its base in independent power production.

Cogentrix, which earned $51.5 million on revenues of $551 million last year, owns outright or has partial ownership in 28 power plants in 14 U.S. states. Its total generation capacity is about 7,800 megawatts.

Because Cogentrix is privately owned, financial information about the company is not available through usual channels, but Reuters said documents detailing the company's financial position have been floating on Wall Street.

At least three energy companies -- Dominion Resources Inc., Dynegy Inc. and El Paso Corp. -- are said to have expressed interest in Cogentrix.

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