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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

E·on Boosts Ruhrgas Stake to 34 Percent

LCG, Nov. 1, 2001--Big German utility Eon has increased its stake in Ruhrgas, Germany's biggest natural gas importer and distributor, to about 34 percent with the purchase of a 23.6 percent interest in Bergemann, another large Ruhrgas shareholder.

Eon had already attracted the attention of the German Federal Cartel Office, which is investigating the company's earlier purchase of a 25.5 per cent stake in Ruhrgas.

The acquisition of a portion of Bergemann gives Eon 23.6 percent of that company's 33 percent interest in Ruhrgas, bringing Eon's effective interest in Ruhrgas to 33.9 per cent.

The Cartel Office is concerned about the possibility of market abuse by Eon because of its growing control of the largest German gas importer while it also is a large retailer of natural gas. Eon has about 35 percent of the German retail gas market through its ownership of municipal energy providers and stakes in Contigas and Thuga.

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