Business

Prominent private equity investment firm Blackstone has agreed to acquire the 774-MW Potomac Energy Center—a natural gas power plant located in Virginia’s “Data Center Alley”—in a deal reportedly valued at approximately $1 billion, according to sources familiar with the matter. Previously known as the Panda Stonewall Energy Facility, the Potomac Energy Center is situated within […]

TerraPower, the nuclear energy company founded by former Microsoft CEO and co-founder Bill Gates, announced it has a memorandum of understanding with a major U.S. data center developer to deploy advanced nuclear reactors to power existing and future facilities. TerraPower on Jan. 21 said it will work with Sabey Data Centers (SDC) on “a strategic […]

Shell Energy North America (SENA), a subsidiary of Shell, announced it has completed the 100% equity stake acquisition of RISEC Holdings (RISEC), which owns a 609-MW two-unit combined-cycle gas-fired power plant in Rhode Island. The companies on Jan. 24 said the acquisition maintains SENA’s position in the deregulated Independent System Operator New England (ISO New […]

Facing a projected surge in power demand across the country, NextEra Energy is taking steps to potentially restart its shuttered 615-MW Duane Arnold nuclear plant in Iowa as early as 2028, while also signing a new partnership with GE Vernova to develop natural gas generation projects that could be paired with renewable energy and storage. […]

POWER magazine has been ranked first in FeedSpot’s Best Power Magazines to Follow in 2025 and second in FeedSpot’s Top 35 Energy Magazines to Follow in 2025, solidifying its position as a premier resource for the global power generation industry. The recognition reflects POWER’s unmatched authority, extensive legacy, and steadfast commitment to delivering critical insights to energy professionals worldwide. FeedSpot, […]

A UK-based independent power producer (IPP) has acquired solar power projects in Virginia and Colorado, both secured with utility power purchase agreements. ContourGlobal, headquartered in London, on Jan. 21 announced the acquisition of the two solar farms, one nearing commercial operation and the other still under construction. ContourGlobal acquired the projects from Qcells, a South […]

The Tennessee Valley Authority (TVA) has selected Bechtel, Sargent & Lundy, and GE Hitachi to spearhead the initial planning and design phases for a potential BWRX-300 small modular reactor (SMR) at its Clinch River Nuclear site in Oak Ridge, Tennessee. The collaboration, announced on Jan. 23, will leverage an innovative contracting model designed to streamline […]

South Carolina’s largest power provider Santee Cooper has issued a request for proposals (RFP) aimed at finding a buyer—or visionary—to take on what remains of the Virgil C. Summer Nuclear Station expansion. The two partly constructed AP1000 projects, abandoned in 2017 after a cascade of delays and cost overruns, could now offer a second chance […]

Lightshift Energy, a developer, owner, and operator of energy storage projects, has partnered with Basis Climate to complete the sale of nearly $10 million of investment tax credits (ITCs) tied to four utility-scale battery energy storage (BESS) projects in Massachusetts. The projects range from 9,000 kWh to 22,000 kWh. The systems are designed to charge […]

As you enjoy the comforts of air-conditioned homes, chilled watermelons at outdoor gatherings, or a cold beer at a barbecue, or perhaps as you charge a new electric vehicle, have you ever stopped to think about where the electricity comes from to make all these conveniences a reality? According to the International Energy Agency, global […]

District energy systems employ a centralized facility to supply heating, cooling, and sometimes electricity for multiple buildings in an area through a largely underground, mostly unseen network of pipes. When district energy systems are utilized, individual buildings do not need their own boilers, chillers, and cooling towers. This offers a number of benefits to building […]

United Power, an electric cooperative serving Colorado’s northern front range, on Jan. 21 said the company had a power purchase agreement for its latest solar power project, the 150-MW Byers Solar Farm in Adams County. The installation, located 10 miles northeast of Byers and about 50 miles east of Denver, is being developed in partnership […]

2025 will test the progress of the world’s energy transition and could forecast its direction for the next decade. With major economies pursuing budget cuts, it will be a year that challenges the economic viability of any publicly funded projects, with growing pressures to deliver faster and cheaper. For emerging technologies in particular, such as […]

The U.S. Dept. of Energy (DOE) has continued to announce billions of dollars of loan guarantees to energy companies in the final days of the Biden administration, including for upgrades to energy infrastructure. The DOE’s Loan Programs Office (LPO) on Jab. 16 said it had given a $1.66 billion loan guarantee to Plug Power’s subsidiary, […]

The Biden administration has finalized a $15 billion loan guarantee to California utility Pacific Gas & Electric (PG&E), in the biggest outlay to a single group in the history of the Dept. of Energy’s (DOE) Loan Programs Office (LPO). The Jan. 17 announcement comes one day after the outgoing administration said it would provide nearly […]

Advanced nuclear technology firm Oklo is partnering with Texas-based prime and backup solutions company RPower to roll out an innovative “phased energy model” that will combine natural gas and nuclear to offer a scalable and sustainable turnkey solution for data centers. The companies on Jan. 17 said they signed a memorandum of understanding (MOU) to […]

Sweden has broken ground on its final repository for spent nuclear fuel (SNF)—a milestone reached after 40 years of research and development—making it the world’s second deep geological repository (DGR) now under construction. Svensk Kärnbränslehantering AB (SKB), a nuclear fuel and waste management company owned by Sweden’s nuclear operators, officially announced the start of construction […]

UK energy giant BP said it will cut more than 5% of its global workforce, as the company continues a plan to reduce costs as it transitions to more operations outside of its oil and gas business. The London-based multinational group on Jan. 16 said it would lay off about 4,700 workers, and also cut […]

As a significant final move before the incoming Trump administration takes office, the Biden administration has announced conditional loan commitments totaling $22.92 billion to support projects by eight utility companies across the U.S. The investments will seek to modernize infrastructure, expand clean energy generation, and improve grid reliability, impacting millions of customers, the Department of […]

Global electrical technology company ABB said it has acquired Lumin, a U.S.-based group that provides responsive energy management systems, to expand its home energy management capabilities in the North American residential sector. The acquisition announced Jan. 14 follows a strategic minority investment by ABB into Lumin in 2023. Financial terms of the transaction were not […]

Competitive generation giant Constellation has agreed to acquire Calpine Corp. in a $16.4 billion deal that is set to create the largest producer of clean and reliable energy in the U.S. with an asset portfolio of more than 60 GW. The definitive agreement, announced on Jan. 10, includes a cash and stock transaction valued at […]

Doosan Škoda Power has successfully completed the Rayong project in Thailand (Figure 1). The company delivered a 20-MW steam turbine, including a generator, condenser, and other accessories, to the newly built combined cycle power plant in Rayong Province, near the famous tourist resort of Pattaya. This project is a significant milestone as it is the […]

Babcock & Wilcox (B&W) reported that its B&W Thermal business segment has been awarded a contract valued at approximately $13 million to retrofit boiler cleaning equipment for a power plant in Southeast Asia. B&W Thermal’s scope includes equipment design and supply, installation, integration, and commissioning of its Diamond Power boiler cleaning equipment, including retractable and standard […]

Deals involving the data center sector are occurring regularly, as tech companies make moves to ensure they have a reliable supply of power for their energy-intensive operations. Several generation types, both thermal and renewable, are being touted and pursued by groups involved with artificial intelligence (AI), data management, and cloud computing. Google, Microsoft, Amazon Web […]

Among the elements of America’s carbon-based industries and infrastructure being impacted by electrification, transportation exhibits, first, widespread economic and environmental impacts (private highway vehicles) driven by emerging technology, public policy, growing climate and health concerns, government stimuli and private collaboratives, and investment or management opportunities. Second it shows the more muted reassessments by freight and […]

Colorado-based Liberty Energy and California-based DC Grid announced a memorandum of understanding to deliver advanced power solutions that would support the growing energy demands of industries such as commercial fleet electric vehicle (EV) hubs and data centers. The companies on Jan. 7 said the collaboration leverages Liberty’s power solutions and operational expertise alongside DC Grid’s […]

Transmission congestion currently affects approximately 70% of the U.S. grid. Bottlenecks delay the interconnection of cost-effective clean energy sources, limit the transfer of electricity between regions, and raise operational and consumer costs. Dynamic line rating (DLR) technology mitigates these challenges with valuable newfound transmission capacity. DLR allows operators to utilize the maximum capacity of existing […]

Compared to recent years, which have been characterized by chronic energy shortages and price volatility, the world appears to be trundling toward a new energy market context, defined by an unprecedented

The new year always provides a great opportunity to take a look back to see what POWER got right (or wrong) in our previous industry forecast. More importantly, it gives us a chance to look ahead. Some things

Through a cutting-edge heat exchange system, the Museum of Bavarian History in Regensburg, Germany, efficiently heats and cools its building, showcasing a promising solution for urban decarbonization and clean