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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

ISO Says California Has Enough Capacity for the Summer

LCG, April 22, 2003Californias Independent System Operator said that the state will likely have enough electricity capacity for the peak usage that will come this summer.

Yesterday, the ISO, a not-for-profit entity responsible for reliability in electricity transmission, released a report regarding this summer. In its view, California has sufficient surplus electric capacity to meet peak demand, which in the West comes during the hottest points in the year.

The ISO did note that major plant outages or damaged transmission would alter the otherwise positive forecast.

Summer peak demand is expected to be 42,894 MW, around 450 megawatts higher than during last year but still less than the all-time highest demand of 43,554 megawats, which occurred in the midst of an economic boom in July 1999.

Some analysts worry that the surplus electricity will be insufficient to meet demand in the next few years because new generation projects have been slowed, suspended, or even cancelled due to poor market conditions. Also, older plants, especially coal-fired generators, may slowly go off line as they deteriorate or fail to meet new environmental restrictions.

However, others may point to the fact that lower demand may be in part due to fewer customers because of the slowed economic conditions. Better economic conditions in the future may result in higher demand but may also catalyze new interest in plant development and the resumption of preexisting projects.

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