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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 Retreats on Renewables Requirement

LCG, Apr. 25, 2002--The Senate yesterday voted for an amendment to a bill requiring utilities to buy renewable energy credits, cutting in half the price cap on payments utilities could make in place of mandated renewable energy purchases.

The bill, co-authored by Senate Energy and Natural Resources Committee Chairman Jeff Bingaman, D-N.M., allows utilities to buy renewable credits towards requirements for a minimum level of renewable purchases and generation provided to customers. By 2019, 10 percent of utilities' sales would be required to be renewable. The amendment, sponsored by Don Nickles, R-Okla., sets the cap at 1.5 cents per kilowatt-hour, rather than 3 cents per kilowatt-hour.

The cap was intended to limit the possibility of utilities having to pay high prices for renewable credits in lieu of high renewable costs. Nickles, who had the support of a range of business groups, called the amendment a correction to an "assault on ratepayers." Bingaman said the effect of the amendment would "make it much less likely that renewables other than wind...would be used to any significant degree. States relying on biomass, geothermal and solar would be in trouble." Renewable generation accounts for approximately 2% of the power market in the U.S., excluding hydropower.

Sen. Harry Reid, D-Nev., a supporter of the renewables requirement, thought that many utilities would decide to opt for buying the credits rather than renewable energy. A Senate vote on a comprehensive energy bill is expected today.
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