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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

Shell Buys Out Partners in Renewable Venture

LCG, Jan. 23, 2002--The renewable energy firm Siemens und Shell Solar, a partnership between oil major Royal Dutch/Shell, the electronics firm Siemens, and the energy firm Eon, will be owned solely by Royal Dutch/Shell, following a buyout.

"Shell has a strategic commitment to making renewable energy a commercial reality, and this move is a key step in building a strong, global solar business," said Philippe de Renzy-Martin, the future executive vice-president of the resulting company.

An analyst speaking to the Financial Times said that he thought the reason for investment in renewable energy was "to appease governments and their customers. However, the research and development put into this may yield big gains in time."

Siemens und Shell Solar dates to April 2001. Royal Dutch/Shell last year said that, depending upon economic considerations, it intended to invest $500 million to $1 billion in energy sources such as solar, wind, hydrogen and geothermal over a span of five years. The deal, for which a price was not disclosed, will give Royal Dutch/Shell approximately 15 percent of the global photovoltaic market.

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