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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

Bills Suggest UK Aid to British Energy

LCG, Jan. 15, 2002--The U.K. government has prepared legislation which would eliminate limits on the amount of government assistance allowed for nuclear operations, and give permission for units or assets of the privatized British Energy to be acquired with public funds.

The opposition Liberal Democrats said that they would not vote for the bills introduced, because the public would end up funding nuclear waste management, at a cost of £3 billion ($4.82 billion). Financial assistance already being provided to the company, which was privatized in 1976, will end on March 9, based on the policy of the European Commission concerning competition.

"The bill introduced today allows us to deal with any eventuality faced by British Energy," the energy minister, Brian Wilson, said. "These are sensible provisions which will continue to protect our priorities of nuclear safety and the security of electricity supplies." The costs and operational problems facing British Energy became much worse when wholesale power prices fell by about 40% last year.

An environmental group, Friends of the Earth, said the government should not bail out the company. Roger Higman said, "It shows yet again that nuclear power is a financial as well as an environmental disaster."

British Energy is now focused on selling Bruce Power, a profitable subsidiary owning nuclear plants in Canada. The sale would provide £300 million ($482 million). £337 million was lost by the entire company in the latter half of the year, it disclosed in December.
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