Business

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 […]

The U.S. Army has mobilized up to $2.2 billion for a five-year effort to build and operate more than 20 commercial nuclear microreactors across military installations, selecting five reactor developers and five initial sites for a program designed to push advanced nuclear systems beyond federal test programs and into sustained operation by a Sept. 30, […]

Maryland-based investment firm Hull Street Energy announced it has completed its acquisition of two Midwestern power plants that provide electricity in the PJM Interconnection.

A U.S. developer, owner, and operator of distributed energy infrastructure announced it has received an $857-million capital infusion to accelerate growth of its distributed solar energy program.

The Department of Energy’s (DOE’s) National Reactor Innovation Center (NRIC) has selected 13 new projects across 12 companies for its Nuclear Energy Launch Pad initiative in a significant expansion of the DOE-authorization pathway that channels advanced reactor and fuel-cycle developers toward demonstration on federal and non-federal sites. The selections—spanning microreactor developers, enrichment startups, fuel fabrication […]

Technology giant NVIDIA is furthering its support of artificial intelligence (AI) and data center construction. Cloverleaf Infrastructure, a group that supports the AI buildout by providing power sources and infrastructure for site development, on August 21 said it has entered into a strategic partnership with NVIDIA to advance the development of digital infrastructure across the […]

Arevon Energy said its largest standalone battery energy storage project is now operational. The company on August 13 announced that the 300-MW Nighthawk Energy Storage Project has come online in Poway, California.

Pennsylvania Gov. Josh Shapiro signed an executive order on Aug. 18 that raises the bar for large data center development in the state, directing agencies to condition favorable permitting treatment and tax benefits on compliance with new energy, infrastructure, environmental, workforce, and community requirements. Executive Order 2026-05 applies its central permitting provisions to data centers with […]

PJM Interconnection has proposed a new framework that would allow large data centers and other major electricity users to enter service without first securing enough new capacity to cover their demand—but would make the uncovered portion of that load available for reduction before PJM calls on existing pre-emergency demand-response resources if electricity supplies become dangerously […]

As artificial intelligence (AI)–driven data center demand strains grid infrastructure across the U.S. and beyond, operators are facing rising scrutiny from utilities, regulators, and the communities where they build. Caspar Herzberg, CEO of industrial software company AVEVA, argues that the industry’s response can’t stop at sustainability commitments—it requires operational transparency and measurable performance data that […]

The conversation around data center development has changed dramatically over the past few years. Earlier, when developers needed to evaluate a new facility, the questions were relatively straightforward. Is the market attractive? Can we secure the land? Can we obtain reliable power? Can we raise the necessary capital? All those questions still matter. But a […]

The West Virginia Department of Environmental Protection’s (WVDEP) Division of Air Quality (DAQ) has determined that Purcellville, Virginia-based Fundamental Data satisfied the site-control requirements associated with its August 2025 air quality permit for the Ridgeline Facility—a gas turbine power plant that Fundamental Data is planning as the first phase of a project intended to include […]

Mesa Power Solutions has opened a new $70 million manufacturing and administrative campus in Evansville, Wyoming, consolidating 300 employees and expanding the company’s capacity to produce natural gas power generation equipment for utilities, data centers, and other commercial and industrial customers. The 220,000-square-foot facility at One Mesa Way (Figure 1) will serve as a hub […]

Blue Energy and GE Vernova Hitachi Nuclear Energy (GVH) have signed an agreement to launch the next phase of their collaboration on a planned 2.5-GW gas-plus-nuclear power project in Victoria, Texas, moving the closely watched data-center power concept from an announced collaboration to engineering, licensing, and safety analysis. The Aug. 13-announced agreement will advance project definition for […]

A growing group of data center operators—including Dallas-based Skybox Datacenters, Austin-headquartered bitcoin miner and hyperscale developer Mara, and global colocation giant Digital Realty—have publicly committed to comply with Texas Gov. Greg Abbott’s data center standards and the state’s active audit of projects in the Texas grid operator’s interconnection queue. They join QTS Data Centers, Blackstone’s […]

Three companies at the forefront of nuclear energy technology have signed a memorandum of understanding (MOU) to evaluate fuel technologies to support advancement of next-generation nuclear power.

A New York-headquartered group that pursues investments in North American power and energy infrastructure said it has a deal to acquire a natural gas-fired power plant near Houston, Texas.

Oklo’s Groves Isotope Test Reactor in Lockhart, Texas, has become the fifth reactor to achieve criticality under the U.S. Department of Energy’s Reactor Pilot Program (RPP), and the first under the program to do so on private land. The low-power test reactor reached criticality at 9:19 p.m. ET Aug. 5, achieving a controlled, self-sustaining nuclear […]

NRG Energy on Aug. 4 unveiled its first Bring Your Own Power (BYOP) project, a 1.2-GW combined-cycle plant in Texas supported by a 15-year contract with an investment-grade “leading global cloud and artificial-intelligence hyperscaler.” The $3.2 billion facility, backed by a customer parent guarantee, is targeted for commercial operation in late 2029 and could be […]

Nebraska Public Power District (NPPD) marked the start of construction on Princeton Road Station with a groundbreaking ceremony the morning of July 17, drawing state and local officials, community stakeholders, and NPPD staff to the site just north of Hallam, Nebraska. The 694-MW dual-fuel facility will be the largest natural gas generation plant in NPPD’s […]

Texas Governor Greg Abbott has directed the Public Utility Commission of Texas (PUCT) and the Electric Reliability Council of Texas (ERCOT) to conduct a comprehensive audit of every data center advancing through the state’s interconnection queue, warning that projects that fail to disclose ownership, financial, water, and community-impact information could be denied grid access. The […]

Developers and contractors at a recent event described how the generation buildout is forcing earlier engineering, procurement, and construction contractor involvement; deeper supply-chain tracking; repeatable

For Rayburn Electric Cooperative, ownership of the 758-MW combined cycle plant in Sherman, Texas, means stable rates, hardened reliability through heat waves and winter storms, and a hedge against the

The U.S. Nuclear Regulatory Commission (NRC) has approved the License Termination Plan (LTP) for the Oyster Creek Generating Station in New Jersey, a regulatory milestone that clears the final phase of decommissioning and sets the stage for Holtec International to pursue construction of four SMR-300 small modular reactor units at the Lacey Township, New Jersey, […]

What is the best mix of power generation to build and use in the years ahead? For U.S. integrated electric utilities balancing reliability, affordability, and state and federal policy, resource plans are the answer. But like with any model, these plans are only as robust as the information that is fed into them. Investors are […]

A coalition led by Brookfield and NextEra Energy has unveiled plans to build a $100 billion, privately funded artificial intelligence (AI) data center campus at the U.S. Department of Energy’s (DOE) Paducah Site in Western Kentucky, paired with up to 4.6 GW of dedicated new power generation that will be built and paid for solely to serve […]

Battery storage developer Viridi has announced a strategic partnership with the Dept. of Energy’s Oak Ridge National Laboratory (ORNL) in Tennessee to support research into next-generation utility grid technologies that advance grid resilience and reliability.

Energy Vault, a global energy infrastructure company that supports power grid reliability and next-generation artificial intelligence (AI) and high-performance computing infrastructure, on July 27 announced that construction has commenced at its powered AI infrastructure campus in Snyder, Texas, for Crusoe Cloud.

Global investment firm Strategic Value Partners (SVP) said its SVP Funds group is acquiring a minority equity interest in the 1,182-MW South Field Energy natural gas-fired power plant in Columbiana County, Ohio.