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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

Israeli Pipeline in Question if Belgian Company Pulls Out

LCG, April 23, 2002-Belgium's Tractabel SA, skittish over the escalated Israeli-Palestinian conflict, plans to leave an Israeli natural gas pipeline project.

Tractabel, critical because of its technical abilities, intends to abandon Israel's half-billion dollar project. The company has a 60 percent stake and would build the pipeline and operate it for thirty years before yielding it over to the Israeli government. Although it has not officially bowed out, notice is expected within the next few days.

The proposed pipeline would connect the Mediterranean Sea to various inland locations.

The other shareholders, Paz Oil Ltd. and Africa Israel Investments Ltd. are seeking foreign investors and advisors to replace Tractabel.

Political conflict has always plagued Israel's attempts at creating a natural gas market. While Egypt is a logical supplier geographically speaking, the Egyptian government is loathe to strike deals because of its Palestinian ties. State-owned monopoly Israel Electric Corp. has been waiting over a year to sign a $3 billion, 10-year natural gas contract with Egypt.

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