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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

Williams Cos. and CFTC Reach Settlement over Natural Gas Trading Allegations

LCG, July 30, 2003Williams Cos. and its electricity trading subsidy came to a $20 million settlement with the Commodity Futures Trading Commission over allegedly manipulative published trading information.

Last year, Williams publicly and voluntarily reported that some of its non-managerial employees had submitted inaccurate natural gas trading data to industry publications. These employees were put on leave and eventually dismissed.

The Commission alleges that Williams Cos. reported falsified price and volume information to industry publications, resulting in the creation of unrealistic indices. These published indices were, in turn, used by others to gauge appropriate prices for wholesale natural gas contracts.

While Williams Cos. and its unit Williams Energy Marketing & Trading Co. agreed to pay $20 million to the CFTC, the companies admit no wrongdoing. The Commission announced the settlement yesterday.

Oklahoma-based Williams Cos. has ended its practice of providing data to industry publications and has moved its focus from trading to its core, natural gas businesses.

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