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Meta Announces Up to 6.6 GW of Nuclear Projects to Power American AI

LCG, January 9, 2026--Meta today announced new, landmark agreements that will (i) extend and expand the operation of three existing nuclear power plants and (ii) drive the development of advanced nuclear technology. Meta's new agreements with Vistra, TerraPower, and Oklo follow Meta's request for proposals (RFP) issued last month. Meta expects these projects to deliver up to 6.6 GW of new and existing clean nuclear energy by 2035.

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Babcock & Wilcox Selects Siemens Energy to Supply Steam Turbine Generator Sets for Massive Applied Digital Data Center Power Project

LCG, January 8, 2026--Babcock & Wilcox (B&W) announced today that it has selected Siemens Energy to provide steam turbine generator sets for B&W’s groundbreaking project to install and deliver one GW of power for an Applied Digital AI Factory. B&W and Siemens have entered into an agreement for a limited notice to proceed to secure the turbine sets, which will enable B&W to deliver power for the project by the end of 2028. The estimated cost of the project is approximately $2 billion. The full contract release is expected in the first quarter of 2026.

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Industry News

Nevada Power Files for Lower Rates

LCG, Nov. 14, 2002--Projections of continued low wholesale power prices have led Nevada Power to file for a 5.3 percent decrease in rates with the Nevada Public Utilities Commission.

The rate filing also includes costs for expensive power previously purchased on the spot market during the Western energy crisis, but not fully paid for by Nevada Power. The chairman and chief executive of Sierra Pacific Resources, the parent company of Nevada Power, Walt Higgins, said that he believes that with the current supply situation, this would be a good time for the utility to sign long-term contracts, in order to minimize future rate volatility.

The Southern Nevada Water Authority, which has offered to buy Nevada Power, has indicated that if it can acquire the electric utility, it would be able to lower rates by over 20 percent, based on a superior credit rating and lower borrowing costs.

Based on Nevada Power's filing, the change in a household bill for 1,250 kWh would amount to a decrease of about $6.39, bringing the total to $109.69, according to the company. Possible offsets to a decrease could come if a $229 million lawsuit brought by an Enron subsidiary over energy contracts which were canceled by Nevada Power is successful.
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