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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

Senators Propose National Renewable Electricity Standard

LCG, September 22, 2010--Senators Bingaman (New Mexico) and Brownback (Kansas) yesterday announced plans to reintroduce a bill to create a federal renewable electricity standard (RES). The legislation is alleged to increase our energy security, enhance the reliability of the electricity grid by creating more homegrown renewable energy, and reduce our greenhouse gas emissions.

The stand-alone, 43-page RES bill is almost identical to the RES included in the American Clean Energy Leadership Act, S. 1462, according to Senator Bingaman. The bill requires electricity suppliers to ratchet up the percent of renewable energy supplies (or energy efficiency improvements) from 3 percent in 2012 to 15 percent in 2021. The bill is designed not to affect state programs.

Like prior the proposal, the bill includes (i) an exemption for utilities selling less than 4 million megawatt hours per year of electricity and (ii) the option to pay alternative compliance payments to the Secretary at a rate of 2.1 cents per kWh.

Renewable energy sources include wind, solar, ocean, geothermal, landfill gas, incremental hydropower, hydrokinetic, and new hydropower at existing dams, an expanded waste-to-energy definition that includes municipal wastes, and biomass.

Although biomass is included as a renewable resource, the bill does nothing to address the carbon neutrality of biomass, which the Environmental Protection Agency (EPA) has called into question with its proposed Tailoring Rule that does not treat biomass as carbon neutral. Without carbon neutrality, biomass development will likely be limited, and it will not become the primary, non-hydro source of renewables, as forecast this year in the Energy Information Administration's Annual Energy Outlook.

Senator Bingaman states, "I think that the votes are present in the Senate to pass a renewable electricity standard. I think that they are present in the House. I think that we need to get on with figuring out what we can pass and move forward."
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