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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

Senate Approves Ethanol and Energy Tax Breaks

LCG, April 24, 2002-Yesterday the United States Senate approved $14 billion in energy tax relief as a part of the larger energy bill to be voted on as soon as this week.

According to Senator Max Baucus, D-MT, the tax break package was split evenly between production and conservation.

The proposal awards renewable energy $2.3 billion in tax credits and energy efficient appliances and buildings $2.2 billion. $1.8 billion in credits would be given to alternative fuel for vehicles.

$1.9 billion would go to incentives for cleaner coal technology, and $4.4 billion in credits would be allotted to shale oil, natural gas, and coal bed methane.

The Senate also discussed ethanol as a part of yesterday's debates. While ethanol use was hotly contested by California and New York senators, the Senate passed a proposal to triple ethanol use.

Led by Senator Tom Daschle, proponents managed to convince senators to instate the use of 2.3 billion gallons of ethanol by 2004, and 5 billion gallons by 2012. U.S. consumption of ethanol last year was about 1.7 billion gallons.

According to proponents, combining corn-derived ethanol with gasoline yields a cleaner-burning fuel,can displace the hazardous and controversial MTBE, and yields less toxic carbon monoxide gas than regular fuel. Not surprisingly, the measure enjoys strong support from the agriculture industry, which produces more corn than it knows what to do with.

However, some states worry that the ethanol plan would result in gasoline shortages and increased prices because of shipping difficulties. Also, some scientists believe that burning ethanol might produce more smog during warmer months because of nitrogen oxide emissions.

Daschle insisted that states worried about inconsistent supply could apply for waivers from the new requirements.

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