Business

The Siemens name is coming off one of the power industry’s largest equipment and service suppliers. Siemens Energy announced July 14 that it has begun preparing the transition to an independent corporate brand, with Siemens Energy and Siemens Gamesa Renewable Energy to be united under a single new name: Omterra. The rebranding process is scheduled […]

Qcells, a provider of complete energy solutions and in the U.S. solar manufacturing market, said the company has taken a lead role in delivering the Atlas V (237 MWdc) and Atlas VI (135 MWdc) solar projects in La Paz County, Arizona. These two phases, totaling 372 MWdc, are part of the broader Atlas Energy Park, […]

Argo Infrastructure Partners LP, an independent mid-market infrastructure investment manager, said it has acquired a commercial and industrial (C&I) solar portfolio from NuGen Capital Management, LLC. The deal announced July 9 includes a portfolio consisting of eight sites, with six in Massachusetts and two in New Jersey. The acquisition of this established, operational solar portfolio […]

Leeward Renewable Energy (LRE), a major U.S. renewable energy developer, provided details about its 725-MW solar power fleet in Oklahoma during a recent celebration, including the company’s support of Google’s operations in the state.

Renewable energy developer Avantus said the company has secured more than $525 million in construction financing for the Aratina 2 Solar and Storage Project in California.

The U.S. Department of Energy has closed a loan of up to $3.26 billion to AEP Texas to finance a portfolio of nearly 100 transmission projects, the agency’s Office of Energy Dominance Financing (EDF) said on July 8. The financing will fund the rebuilding, reconductoring, and new construction of roughly 2,800 miles of transmission lines across […]

The Nuclear Regulatory Commission (NRC) has proposed a major rewrite of its National Environmental Policy Act (NEPA) rules, opening yet another front in the agency’s fast-moving campaign to modernize as directed by a series of recent executive orders, statutory NEPA amendments, and a Supreme Court precedent. The rule proposed on July 7, “Implementation of the […]

Arizona Public Service (APS) said it plans to convert two closed coal-fired units at its Cholla Power Plant to burn natural gas. The utility this month said construction on the conversion would begin in 2028, with the new units—designed to generate 380 MW of electricity—coming online the following year.

Proxima Fusion, a Munich, Germany-based group that is considered among the leading European companies working on fusion energy, said it completed a €411 million ($468 million) funding round. Proxima on July 7 said investors included technology giant Google along with global energy company RWE.

South Carolina-based ES Foundry, a crystalline solar cell production company, said it has completed a 2-GW expansion of its factory in Greenwood, South Carolina. The company on July 7 said the first solar cell has come off the new production line at the site, and said its total annual solar cell manufacturing capacity is now 3 GW.

Fuel cell systems developer Bloom Energy and investment firm Brookfield said the companies are expanding their partnership agreement and increasing their project financing to $25 billion. The companies initially announced a $5-billion partnership deal in October of last year.

Advanced energy technology group AMPERA announced the company has completed production of what it called the first full-scale, 3D-printed nuclear reactor module.

The Nuclear Regulatory Commission (NRC) has proposed what may be its most consequential reactor-licensing overhaul in a generation, a 553-page rulemaking that seeks to rewrite core pieces of the regulatory framework governing how commercial nuclear plants are sited, licensed, built, modified, operated, renewed, fueled, and ultimately decommissioned. Issued July 1, the proposed rule, “Modernizing Reactor […]

A decade after Dominion Energy secured a federal lease off Virginia Beach, the 2.6-GW Coastal Virginia Offshore Wind (CVOW) project has cleared the full U.S. permitting stack, survived a federal stop-work

Arevon’s Eland solar-plus-storage project in California provides power for the Los Angeles region and is helping the state progress toward its goal of providing more renewable energy.

A major renewable energy developer and a leading independent asset manager have joined to support a portfolio of battery energy storage systems in Poland, part of the continuing buildout of new power infrastructure across Europe.

Electricity demand is climbing at a pace the power industry hasn’t seen in a generation, and the companies trying to feed it with geothermal energy are mostly racing in one direction: drill faster. Ormat Technologies is making a different bet. The company that has built and run geothermal plants for six decades thinks the constraint […]

The International Hydropower Association (IHA) said global installed hydropower capacity reached 1,469 GW in 2025 after the addition of 28 GW of new capacity during the year, including a record 11.6 GW of pumped storage. Pumped storage capacity surpassed 200 GW globally for the first time.

Ore Energy, the Netherlands-based iron-air multi-day energy storage company, on June 22 announced an agreement with Budget Thuis, one of the largest Dutch energy suppliers, to deploy 1 GWh of iron-air long-duration energy storage (LDES).

The global hunt for clean, always-on power is intensifying. Data centers powering artificial intelligence (AI) are signing long-term energy contracts at extraordinary speed. Against this backdrop, geothermal energy—carbon-free and available around the clock—is attracting serious capital for the first time in a generation.

Energy giant GE Vernova said the company continues to advance electrification and decarbonization goals as it adds more generation capacity to global power grids. The company on June 17 released its 2025 Sustainability Report, highlighting its emphasis on bringing new innovation and breakthrough technologies to the power generation space.

A $350 million Department of Energy (DOE) coal-revival program has put $18.5 million toward the TerraSpark Energy Campus, a 1.6-GW greenfield project in West Virginia pairing Babcock & Wilcox (B&W) supercritical boilers with Mantel Capture’s molten borate carbon capture. In responses to POWER, developer TerraSpark laid out a 2030 startup target, a 95% to 98% […]

MiCo Co. Ltd. announced that its subsidiary, Hyundai Heavy Industries Power Systems Co. Ltd. (HPS), has signed a share purchase agreement (SPA) to acquire a 100% stake in Netherlands-based NEM Energy B.V. from Mutares SE & Co. KGaA, a German-listed investment firm. The transaction, which includes NEM Energy’s German subsidiary NEM Balcke-Dürr GmbH, is scheduled […]

Elevate Infrastructure and ArcLight Capital Partners on June 11 announced the companies have begun operating the 150-MW/600-MWh Prospect Power battery energy storage project in Rockingham County, Virginia.

Technology giant Meta said it has expanded its partnership with major renewable energy developer RWE through a long-term corporate power purchase agreement (PPA) for the 298-MW Rabbit’s Foot Solar installation in North Texas.

Cypress Creek Energy has announced financial close on the first two phases of the three-phase Steel River Energy Center in Arkansas. The company on June 11 said it secured $3.5 billion in financing for the project. Phase 1 and Phase 2 combined will feature 1.63 GW of solar power along with 1.9 GWh of battery energy storage.

A Colorado-based fusion energy company said the U.S. Dept. of Energy (DOE) has approved the company’s preconceptual technical design for its commercial fusion power plant.

A Texas-based power producer has broken ground on a new natural gas-fired power plant that is part of the state’s plan to increase its supply of dispatchable electricity.

System planners and grid operators are treating extreme heat as an assumed operating condition given new pressures, including drought, demand growth, and fuel concerns. Will it be enough? For decades, the U.S. power system treated extreme heat as a tail risk, managed through seasonal readiness—something for which to prepare. But hotter conditions are now arriving […]

From EOP-012-3 to Order 587-AB, from Cold Weather Critical Component inventories to dual-fuel conversions, the bulk power system has spent five years rewiring how it prepares for extreme cold. Winter Storm Fern, the latest test, showed the system ran “very close to the edge.” The last five winters have given the North American power sector […]