Business

The Department of Energy (DOE) has offered Constellation Energy a conditional loan commitment of up to $5 billion to finance nuclear power uprates and modernization at eight plants in Illinois, Maryland, and Pennsylvania. The proposed investments could add nearly 1.1 GW of generating capacity to the nation’s existing nuclear fleet. The commitment marks the agency’s […]

Antares Nuclear has secured a multi-year agreement with BWX Technologies (BWXT) for advanced nuclear fuel fabrication and received initial Department of Energy (DOE) safety approval for its Mark-1 microreactor, advancing two key requirements for the company’s planned transition from reactor testing to electricity production and military deployments. The Torrance, California–based developer announced on Oct. 27 […]

Four years after separating from Constellation Energy, Exelon is expanding its transmission business and pressing for a greater role in power generation. Executive Vice President Carim Khouzami explains why rising data center demand, tightening capacity reserves, and shortcomings in PJM’s wholesale markets are changing the utility company’s strategy. When Exelon completed its separation from Constellation […]

Emerald Horizon plans to sell a hybrid battery and molten-salt storage system now and add an accelerator-driven thorium generator later. The generator remains at an early stage of development. Austria decided against nuclear power in the late 1970s and has not revisited the question since, according to Mario Müller, vice president of research and development […]

Captona LLC, a North American investment firm, has announced its latest preferred equity investment in partnership with Nexamp, a fully-integrated distributed generation and community solar company. The investment announced October 13 support the financing of 55 MW of solar generation and 5 MWh of battery storage capacity across 10 projects in four states (Illinois, Maine, […]

This article draws on lessons from the first triennium of PSE&G’s Energy Efficiency (EE) program and how those experiences have helped shape our approach as the program has progressed. Intended for energy companies, industry peers and others involved in shaping or advancing energy efficiency efforts, the article shares insights on program management and delivery, customer […]

Pivot Energy, an impact-focused independent power producer of distributed-scale solar and energy storage, announced the closing of a $173-million term loan facility for a portfolio of 51 community-scale solar projects totaling 135 MW across six states. Long-time financial partners First Citizens Bank, Huntington Bank, and BankUnited provided the takeout financing. The facility refinances the projects […]

Wisconsin-based We Energies has announced a plan to build a new natural gas-fired power plant at the site of an existing gas-fired facility in the state. The utility earlier this month filed an engineering plan with state regulators for construction of a 750-MW station at the Fox Energy Center, in Wrightstown in the Fox Valley […]

Energy infrastructure developer and investor LS Power said it has successfully closed the LS Power Equity Partners VI (Fund VI) with total fund commitments of about $6 billion. Fund VI, which was launched in January of this year, was oversubscribed and fully allocated against its hard cap by July, which was well in excess of […]

Fusion energy company Xcimer Energy said it has finalized an agreement for up to $30.5 million in additional federal funding through the U.S. Department of Energy’s (DOE’s) Milestone-Based Fusion Development Program. The new DOE award, announced October 6, is for the program’s second budget period. It brings the total DOE funding for potential Milestone payments […]

Just hours before his flight back to work on Aug. 24, 2026, seafarer John Cris Tropicales watched his younger brother graduate with a bachelor’s degree in criminology, reported Ulysses “Chuckie” Rivera, community relations manager for Quezon Power (Philippines) Ltd. Co. (QPL) and San Buenaventura Power Ltd. Co. (SBPL). It was a milestone that the Tropicales […]

Small modular reactors (SMRs) borrow steam turbine engineering from both coal-fired and nuclear plants, but the resulting “wet steam” problem, with exhaust moisture topping 15%, demands a fresh set of

For nearly 25 years, KR Sridhar has argued that large electricity users should not have to wait for the grid to reach them. The proposition once sounded ahead of its time, then specialized, then useful to hospitals, campuses, retailers, telecom networks and data centers that wanted power close to the load. By 2025, as artificial […]

As rental boiler programs expand across the industry, suppliers describe a shift from emergency-only stopgaps to planned capacity and redundancy strategy. When the U.S. Department of Veterans Affairs (VA)

ibV Energy Partners, a developer of integrated solar and storage power plants across the U.S., and Exus Renewables North America, an independent owner, developer and operator of utility-scale renewable energy and energy storage projects, on September 29 announced that Exus has acquired four solar projects totaling 715 MWp from ibV. The deal builds on years […]

When Arevon Energy needed someone to lead financing on Nighthawk, a 300-MW/1,200-MWh battery storage project the company had been working on when Nimmi Kavasery came onboard as the managing director of Project Finance, she made “a battlefield promotion,” handing the lead role to Jack Southard—someone she’d only observed peripherally and who had never run a […]

Electric utility Georgia Power and tech giant Google said the companies have an agreement under which Google will support power uprates at two of the utility’s nuclear power plants.

A European independent power producer is expanding its asset base on the continent. Israel-headquartered Econergy on September 15 said it is entering the French market with a €134-million ($155 million) acquisition of Escofi, a private wind energy platform of about 740 MW.

Generate Capital, a leading investor, owner and operator of critical infrastructure, on September 15 announced the closing of a $117-million term debt facility with MUFG to finance a portfolio of community solar projects. The transaction marks Generate’s first community solar financing with MUFG and further expands the company’s network of leading institutional financing partners.

A company that specializes in autonomous power deployment said it has raised $31.8 million to scale its operations. California-based Planted said the new capital expands its robotic fleet.

Horizon Technology Finance Corp., an affiliate of Monroe Capital, on September 10 said that the RoHo Capital Opportunity Fund LLC, a joint venture formed by Horizon and CR Financial Holdings, Inc., the holding company for Roth Capital Partners, LLC, has provided a $20-million senior credit facility to NeoVolta, Inc., with the ability to increase the facility to $30 million upon mutual agreement. An initial $20 million was funded at closing to support NeoVolta’s continued growth.

An independent energy development company and a long-time manufacturer of wood products have signed an agreement to develop geothermal projects in Washington and Oregon.

Artificial intelligence (AI) data centers are being built at an unprecedented pace. There are more than 12,000 active projects in the U.S. currently seeking grid interconnection representing 1,570 GW of generator capacity and 1,030 GW of energy storage. Analyst firm Omdia predicts that AI will drive more than 50% of installed power generation capacity over […]

North Carolina State University, the New York Power Authority (NYPA), and EPRI have demonstrated a megawatt-class solid-state transformer (SST) on a live 13.2-kV utility distribution feeder, marking what the partners describe as the first independent validation of a megawatt-class SST under real-world distribution conditions. The NC State-built prototype was connected at EPRI’s power delivery laboratory […]

California utility Pacific Gas and Electric (PG&E) on September 3 announced SHARE (Smart Home Assets for Reliability and Efficiency), a first-of-its-kind virtual power plant designed to help communities benefit from rising electric demand, while improving affordability and reliability for all customers. PG&E, together with Rewiring America, Google, Carrier Global Corporation, Tesla, Sunrun, Renew Home, Demand […]

NextEra Energy says an artificial intelligence (AI)–driven dispatch and outage-scheduling tool has saved its customers more than $20 million so far this year. Santee Cooper expects a custom AI weather-forecasting model to help it avoid spot-market purchases that can cost $100,000 an hour during extreme weather. Both utilities say the tools moved from concept to […]

The wait for a large gas turbine now runs longer than the time it takes to design, permit, and build the plant it will sit in. Order one today from any of the three largest manufacturers, and the delivery slot

Emerson has introduced the Flexim FLUXUS 631 series, a new line of portable, non-intrusive clamp-on ultrasonic flow meters designed to measure liquids, gases, and steam from a single platform. The company unveiled the technology in July, positioning it as the flagship of its portable flow measurement lineup. The 631 series (Figure 1) is built to […]

Canada-headquartered Revolve Renewable Power Corp., a North American owner, operator and developer of power generation and digital infrastructure projects, announced it has entered into a MXN$450 million ($24 million) project-level, non-recourse-style financing facility with Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva. The facility is secured by project cash flows and contracted revenues […]

Five advanced nuclear companies will build, own, and operate more than 20 commercial nuclear microreactors across five U.S. Army installations under the Janus Program, a milestone-based effort designed to place the first project into useful service by September 2028 and establish repeatable commercial products. In exclusive interviews, the selected companies told POWER they intend to use the […]