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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

China's Gas Market To Allow Foreign Investment

LCG, Dec. 10, 2002--Ownership of local natural gas distribution networks by foreign investors will be allowed by the Chinese government, China Daily reported.

Xu Dingming, director-general of the Industrial Development Department of the State Development Planning Commission, said yesterday, "Overseas investors are encouraged to invest in or take controlling shares in local gas distribution networks along the trunklines." In April, investment rules indicated that controlling stakes should be held by foreign companies in joint ventures in major cities, including Shanghai and Beijing. The guidelines issued then marked the opening of the country's gas infrastructure to foreign investment.

Already, companies in Hong Kong have negotiated deals with growing cities in the Shangdong, Jiangsu and Guangdong provinces. Projections have put annual growth of China's demand for natural gas at 10 percent, encouraged in part by the government's wish to reduce the country's dependence on coal. A 4,000-kilometer (approximately 2,500-mile) west-east pipeline has been under construction since July, and will allow further linkages between different regions of the country, and with Russia.
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