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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

BP Solar Closes PV Manufacturing Operations in Maryland

LCG, March 31, 2010--BP Solar announced late last week that it will stop casting, wafering and cell manufacturing of silicon cells at its production facility in Frederick, Maryland. Although unit costs had been reduced nearly in half, lower market prices for solar photovoltaic cells have reduced margins.

BP Solar plans to continue to operate in the Unites States; however, solar cell production will occur through lower cost joint ventures and regional supply partners.

The CEO of BP Solar stated, "Solar prices declined between 40% and 50% since the onset of the financial and economic crisis, compressing industry margins and driving solar power towards grid competitive pricing. By shifting our supply to a high quality, low cost supply base to serve both distribution customers and large scale projects, we have strengthened our position as a provider of competitive solar solutions with our offer of the highest lifetime value."
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