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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

Calpine Plant Approved But Company Awaits Contract

LCG, September 12, 2002-California regulators approved a new 600-megawatt plant this week, but Calpine has announced it will not build until it signs a power contract.

The gas-fired Russell City Energy Center will be built some 16 miles southeast of Oakland and is expected to begin operations by spring of next year.

Calpine officials said yesterday that the low cost of wholesale electricity prevents the company from beginning construction on the Russell Center until power purchasing contracts are made.

The natural electricity purchaser for the region is Pacific Gas & Electric utility, subsidiary of the PG&E Corporation. Unfortunately, the utility filed for bankruptcy last year and requires bankruptcy court approval in order to buy power. In a step to facilitate purchasing in the power-starved region, the California Public Utilities Commission has recently allowed the not-so-creditworthy utility to take part in five-year contracts as long as they are backed by the Department of Water Resources.

Calpine acknowledges that the CPUC allowance may help to expedite the process, but the company has also been discussing contracts with other interested agencies and municipalities.
Located in San Jose, California, Calpine Corporation owns over 70 power plants, supplying over 16,000 MW in capacity nationwide.

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