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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

TVA Awards Bechtel Contract for Second Reactor at Watts Bar

LCG, October 16, 2007--The Tennessee Valley Authority (TVA) Board yesterday announced the selection of Bechtel Power Corp. for a $1 billion construction and engineering contract to complete a second nuclear reactor at TVA's Watts Bar nuclear station in Tennessee.

The estimated cost to complete the 1,180-MW nuclear unit is $2.5 billion, and the unit is scheduled to commence operations by 2013.

Prior to being awarded the contract, Bechtel led a $20 million cost-and-scheduling study used by TVA to support completing the Watts Bar Unit 2 reactor.

In August 2007, the TVA Board approved plans to complete the second unit at Watts Bar Nuclear Plant in Spring City, Tennessee. The additional capacity will help serve the growing demand for electricity without increasing carbon emissions.
Watts Bar Unit 1 began operating in 1996, and Unit 2 will use the same pressurized water reactor design as Unit 1.

Prior to pursing the completion of Watts Bar Unit 2, TVA completed the refurbishment of Browns Ferry Unit 1 in May 2007. The reactivation of Unit 1, mothballed over 20 years, added 1,200 MW of carbon-free electric generating capacity to TVA's fleet.

Browns Ferry Unit 1 originally commenced commercial operation on August 1, 1974, but safety concerns following a fire led to its closure in 1985. Units 2 and 3 were also closed for a period but returned to operations in the late 1990s. All three reactors are now generating power, and the total plant capacity is approximately 3,600 MW.
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