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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

LG Electronics Suspends Conergy Solar Joint-Venture Plans

LCG, November 13, 2008--LG Electronics (LG) announced late last week that it has discontinued discussions with Germany's Conergy AG (Conergy) regarding the creation of a joint venture for solar cell manufacturing due to current global financial uncertainty and differences in strategic directions. LG stated it will continue to explore opportunities in solar photovoltaic cell and module manufacturing.

LG and Conergy announced September 11 that they had executed a non-binding, Memorandum of Understanding (MOU) to form a joint venture in the solar module manufacturing business. LG was to have purchased a 75 percent stake in Conergy's solar module plant in Frankfurt, with Conergy retaining the remainder.

In October, LG announced that it plans to convert its A1 plasma panel-manufacturing line in Gumi, Korea, into two, crystalline silicon solar cell production lines. The first production line is scheduled to commence production in early 2010, with a second line entering production a year later.
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