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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

Private Transmission Project to New York City Stalls

LCG, Mar. 1, 2004--Doubt among lenders about the revenue that could be earned by a privately owned transmission line supplying power to New York City has resulted in the developer, Conjunction LLC, cancelling a planned auction of transmission access to utilities and merchant power developers.

Had investors been willing to lend a total of $500 million, they could have gained access to the proposed Empire Connection line at capped rates. Nevertheless, the fact that the transmission line would have had no guaranteed reimbursement of the construction costs was discouraging to entities wishing to minimize their exposure to project risk, according to the Wall Street Journal.

If completed, the line would allow imports of up to 2,000 megawatts of power. Based on projections by the New York City Energy Policy Task Force, 2,600 megawatts of additional capacity is need to supply the city by 2008, or else power outages may be seen.
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