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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

AEP Takes over Enron Trading Ops in Scandinavia

LCG, Jan. 8, 2002--U.S. utility holding company American Electric Power Co. Inc. extended its European energy trading operations into Norway and Sweden this morning by assuming control of Enron's offices in Oslo and Stockholm, The Financial Times reported.

The Ohio-based firm, which last month acquired Enron's international coal trading operations in a deal worth about $35 million, said it had hired 35 of Enron's former traders, headed by Thor Lien. Terms were not disclosed.

"Adding Thor and his team immediately provides us with a proven wholesale platform in the Nordic region, extensive market expertise and a capability to utilize the interconnector that moves power between Germany and Denmark," said Hank Jones, head of AEP's European wholesale power business.

According to the paper, the Nordic power market is one of the most mature deregulated markets in Europe but is one from which AEP has been absent to date. The group has instead focused on the UK market, where it last year bought Fiddlers Ferry and Ferrybridge, two of the country's largest power stations, from Edison Mission Energy of the U.S.

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