Business

Small modular reactor (SMR) developer X-energy has secured a binding reservation agreement with South Korean power-generation equipment giant Doosan Enerbility to manufacture main power system steel components for 16 Xe-100 SMRs. As part of the decisive move to industrialize the supply chain for advanced nuclear energy, Doosan has also committed to building a new dedicated SMR […]

The Trump Media & Technology Group (TMTG) is merging with a California-based company focused on development of nuclear fusion in a $6-billion deal. The all-stock transaction announced December 18 would create one of the first publicly traded fusion companies.

A Colorado-based company focused on utility-scale battery energy storage has partnered with global technology group Wärtsilä and others for construction of a 500-MWh project near the Dallas-Fort Worth area in Texas, the latest of several major battery energy storage installations being built in the state.

Three advanced nuclear developers—Radiant, Last Energy, and ARC Clean Technology—announced the closing of major private funding rounds in mid-December 2025, signaling renewed investor momentum behind microreactors and small modular reactors (SMRs) as the companies move from design and licensing into pilot deployment and early commercialization. The announcements—which span a new $300-million-plus round at Radiant, an […]

Hitachi Energy has announced investments of $30 million CAD ($22 million) to expand and modernize its service operations in Ontario, Canada. The investment aims at addressing Canada’s growing electricity demand while mitigating the challenges posed by aging grid infrastructure. It includes the purchase and upgrade of the company’s Stoney Creek facility and the acquisition of […]

Vema Hydrogen, developer of a sustainable hydrogen production technology, said it has entered a hydrogen purchase and sale agreement with Verne, a provider of on-site power and cooling solutions. Verne will leverage Vema’s clean energy, known as Engineered Mineral Hydrogen (EMH), to provide low-emission power for its data center customers.

An energy company focused on supporting artificial intelligence (AI) through infrastructure has signed a memorandum of understanding (MOU) with a Utah-based nuclear power services company, as the groups evaluate ways to provide electricity for a massive data center campus in that state.

Greenville Electric Utility System (GEUS) has broken ground on a 104-MW power plant that will deploy 11 Jenbacher J920 FleXtra reciprocating engines, marking the largest U.S. installation of the engine model to date. Commissioning is scheduled for summer 2027. The plant reflects growing interest among utilities in generation assets that can respond rapidly to fluctuations […]

The lone remaining coal-fired power plant in the state of Washington will shut down at the end of December, and will be converted to burn natural gas. Operator TransAlta Corp. on December 9 signed an agreement with Puget Sound Energy (PSE) for the transition, with a 16-year, fixed-price contract for the gas-fired generation that runs through 2044.

The GE Vernova Hitachi Nuclear Energy (GVH) BWRX-300 small modular reactor (SMR) has completed Step 2 of the Generic Design Assessment (GDA) process in the UK.

GE Vernova said the company has signed an agreement with Public Power Corporation Renewables (PPC R) to supply, install, and commission 14 of its 6.1 MW–158m turbines for a wind farm in Vaslui County, Romania.

“The result of the 2024 presidential election probably had the biggest impact on the direction the U.S. energy industry is headed right now,” Brandy Johnson, Chief Technology Officer (CTO) with Babcock & Wilcox (B&W), told POWER. “It has opened up the pathway for fossil fuels in power generation again.” That shift is already visible across […]

As the global demand for clean energy intensifies, nuclear power is enjoying a resurgence not seen in decades. However, this renewed interest has exposed a critical vulnerability in the U.S. energy sector: a massive disconnect between uranium consumption and domestic production. As a guest on The POWER Podcast, Thomas Lamb, president and CEO of Myriad […]

Renewable energy company BayWa r.e. said it has closed financing for a solar-plus-storage installation in San Diego County, California. The group on December 9 said the Jacumba Valley Ranch (JVR) Energy Park is expected to enter commercial operation in 2026.

The U.S. solar power industry installed 11.7 GW of new generation in the third quarter of this year, according to a report from Wood Mackenzie and the Solar Energy Industries Association (SEIA). It’s the third-largest quarterly gain on record, and moves total solar installations in 2025 above the 30-GW level.

A California-based nuclear energy company with plans to place small modular reactors (SMRs) in mile-deep boreholes said it will break ground December 9 for a pilot project at a site in Parsons, Kansas. Berkeley-headquartered Deep Fission on December 4 said the company’s Gravity Nuclear Reactor is bring prepared for the Great Plains Industrial Park. Deep […]

Idaho Falls Power celebrated the formal launch of a new natural gas-fired peaking generation plant on December 4, calling the occasion a “major milestone” in its 125-year history.

The past year saw a multitude of factors driving up electricity prices, including rapid growth in electricity demand, supply chain tightness, deployment delays for transmission and production projects, and an uncertain political and permitting climate. We expect all of these trends to continue in 2026. Changing economics have turned the justification for project development in […]

Idaho National Laboratory (INL) has selected the five commercial teams that will potentially demonstrate advanced applications—including data center integration—at its much-watched Microreactor Application Research Validation and Evaluation (MARVEL) platform, an 85-kWth/20-kWe liquid-metal-cooled test bed currently under construction at the lab. The initial selections, unveiled on Dec. 4, mark the “first potential end users for MARVEL,” […]

SmartestEnergy US, part of a global energy company helping businesses navigate the energy transition, has selected GridBeyond, a global smart energy company, as its technology partner to optimize battery energy storage systems (BESS) in the Electric Reliability Council of Texas (ERCOT) market. The strategic partnership will leverage GridBeyond’s advanced price forecasting, bid optimization, and trading […]

Global renewable energy contractor INTEC Energy Solutions has been selected by a leading European renewable energy investment group to lead construction of a 50-MW solar power plant in Lachendorf, Germany. INTEC on December 3 said it has been commissioned by AUKERA as the engineering, procurement, and construction (EPC) contractor for the project. The solar farm […]

Antares, an advanced nuclear energy startup, announced the close of its $96-million Series B funding round, which was led by Shine Capital with participation from Alt Capital, Caffeinated, FiftyThree Stations, Industrious, and other investors.

The U.S. Department of Energy (DOE) said the agency has selected the Tennessee Valley Authority (TVA) and Holtec Government Services to support early deployments of advanced light-water small modular reactors (SMRs) in the U.S. The DOE on December 2 said project teams with the two groups will receive up to $800 million in “federal cost-shared funding” targeted for projects in Tennessee and Michigan.

The power industry is experiencing unprecedented demand growth, driven largely by data centers and artificial intelligence (AI) applications. This surge is creating both opportunities and challenges for utilities, equipment manufacturers, and the broader power generation ecosystem. As a guest on The POWER Podcast, Seth Harris, growth director for Emerson’s Power business in North America, discussed […]

For years, some folks have considered coal-fired power plants relics of a bygone era, overshadowed by the rise of natural gas and renewables. Yet, in an unexpected twist, coal is finding its way back into the

Power company leaders face mounting challenges in asset management—keeping aging equipment reliable, integrating diverse assets from renewables to baseload units, and meeting strict reliability standards

By retrofitting aging turbines with modern control systems, power generation companies are extending equipment lifespans, enhancing operational efficiency, and tapping into robust global support

Siemens Energy develops conventional islands for small modular reactors. When Rolls-Royce SMR began developing its small modular reactor (SMR)—using a unique factory-built approach to proven pressurized

Negotiating contracts is a process that requires preparation and communication, as all parties work toward a mutually beneficial relationship. It’s particularly true for electric utilities, groups with multiple stakeholders in their projects. That includes the utilities themselves, their shareholders or other investors, and of course their customers.

In its recently released Winter Reliability Assessment, the North American Electric Reliability Corporation (NERC) found that while resources are adequate for normal winter peak demand, large swaths of North America face an elevated risk of electricity shortfalls during prolonged, wide-area cold snaps. Noting that four severe Arctic storms have swept across much of the continent since […]