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 partially 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 […]