Business

Another U.S.-based energy company said its technology has achieved key performance metrics that advance its goal of commercial fusion by the mid 2030s. California-headquartered Pacific Fusion on June 2 said its core pulsed power technology is on track to achieve net facility gain by 2030. That’s the state where the “entire fusion machine produces more […]

Global clean energy group ContourGlobal announced the start of commercial operation of another utility-scale solar-plus-storage project in Chile, one the company said features Latin America’s longest-duration battery energy storage system.

POET, a South Dakota-headquartered company and the world’s largest producer of biofuels, has joined with Antora Energy to commission a 5-GWh, multi-day thermal energy storage system at POET’s bioprocessing facility in Big Stone City, South Dakota. Antora is supplying batteries from the company’s recently expanded San Jose, California gigafactory. The companies earlier in May said […]

Sweden’s nuclear reversal marked three major developments this past week, as advanced modular reactor developer Blykalla and long-established nuclear services firm Studsvik filed separate applications for up to 1.7 GW of new reactors at two sites, while the government formalized an unprecedented financial commitment to another flagship project. The filings, among the first in Sweden’s […]

Uptime has become the defining performance metric of the modern data center. As digital services underpin everything from financial markets to transport systems, tolerance for disruption has all but disappeared. For mission-critical environments, 99.999% availability and just five minutes of downtime per year aren’t the dream, but the baseline. Industry performance is improving. According to the Uptime Institute’s Annual Outage Analysis 2025, data center service availability has […]

New Jersey-based Thea Energy, one of several U.S. companies working to commercialize fusion energy, said the company has raised $100 million in Series B funding. Thea is advancing stellarator technology to provide baseload fusion power. The company, which has several investors, is moving toward beginning construction of its Helios power plant (Figure 1) by the […]

DigitalBridge Group said it has a definitive agreement to acquire ArcLight Capital Partners as part of a $1.05-billion deal.

Florida-headquartered Spearmint Energy said it has closed a financing package of $450 million to support a standalone battery energy storage system (BESS) installation in Texas.

Google will invest $15 billion in Missouri infrastructure, including a new data center in New Florence, Montgomery County, in a project that pairs its expanding data center footprint with new generation commitments, a large-load cost-allocation framework, and Ameren Missouri rate structures designed to protect existing customers from infrastructure costs tied to large energy users. “When […]

VoLo Earth and Equal Ventures co-lead Series A in grid technology firm building an “operating system” to help utilities consolidate data and maximize value across operations — from data center load to renewables growth to distributed energy resources. Texture, the grid software platform that provides utilities a single view of every device and data source […]

Finnish energy group Steady Energy has signed a letter of intent with Alva-yhtiöt, the city of Jyväskylä’s water and energy group, to study the suitability of small-scale nuclear power as a source of district heating for the city.

Fives ProSim, a subsidiary of the Fives Group and an expert in industrial process simulation and optimization, announces the release of ProSimPlus Python API. This new solution enables users to run the engine of ProSimPlus, a leading software dedicated to the design, simulation, and optimization of continuous industrial processes, directly from the Python environment. A […]

Enel Group announced it has agreed to acquire seven solar photovoltaic facilities across three states as the company expands its U.S. portfolio. Enel, acting through wholly owned subsidiary Enel Green Power North America, on May 18 said it has an agreement to invest $140 million for the purchase of the plants, which the company said […]

Clean energy group OCI Energy and Texas-based power company CPS Energy announced they’ve broken ground for construction of the Alamo City Battery Energy Storage System near San Antonio, Texas.

Investment firm Hull Street Energy (HSE), which focuses on the power sector, announced an agreement to acquire FirstLight USA from the Public Sector Pension Investment Board. The transaction includes a portfolio of about 1,400 MW of clean energy generation in the U.S. Northeast.

A year after President Trump signed Executive Order (EO) 14300 directing the Nuclear Regulatory Commission (NRC) to cut red tape and speed nuclear deployment, the agency is claiming a string of historic firsts, a backlog of rules in motion at unprecedented scale, and an internal reorganization due to take effect next month. In a news […]

With hundreds of 7FA and 7EA gas turbines approaching end-of-life thresholds and industry-wide constraints on forgings and shop capacity, MD&A has invested a decade in reverse engineering, supply chain development, and production of rotor components to offer utilities an independent path forward. The gas turbine bubble of 2000 to 2004 saw between 600 and 700 […]

NextEra’s purchase of Dominion Energy, if approved, would have an impact on many areas of the electricity sector. Some analysts told POWER they’re concerned about how it would affect customers’ power bills. Others wonder whether the $67-billion deal s part of a trend that will lead to more mergers and acquisitions in the power space.

The Nuclear Regulatory Commission (NRC) has completed its environmental assessment (EA) of the proposed 320-MW Long Mott Generating Station at Dow’s Seadrift site in Texas, issuing a Finding of No Significant Impact (FONSI) for the four-reactor X-energy project. According to X-energy, the NRC completed the environmental review in under a year, marking the first time […]

Florida-headquartered NextEra Energy, one of the largest U.S. power utilities, is set to buy Virginia-based Dominion Energy in an all-stock deal valued at about $67 billion.

NextEra Energy, one of the largest electric utilities in the U.S., is reportedly in talks to acquire Virginia-based Dominion Energy.

U.S. natural gas supply is expected to reach a record 117 billion cubic feet per day (Bcf/d) this summer, including 111.7 Bcf/d of dry gas production, but growing demand from liquefied natural gas (LNG) exports, data center load, industrial activity, and power generation is absorbing much of that growth, leaving less gas available for storage […]

Sunraycer Renewables LLC, a developer, owner, and operator of clean energy power sites, on May 14 announced the closing of a $901-million project financing facility to support three Texas-based solar power projects.

Technology group Wärtsilä has signed two equipment supply contracts with Origem Energia for the development of new balancing power projects in Brazil. The contracts announced May 13 cover the supply of two batches of 18 Wärtsilä 34SG balancing engines.

Duke Energy’s 11-unit nuclear fleet finished 2025 with a capacity factor greater than 97%—its best result on record. For Steven Capps, Duke’s senior vice president and Chief Nuclear Officer, that number is the foundation everything else has to sit on. “2025 was the best year we have had in terms of overall capacity factor for […]

Florida-headquartered Star Catcher Industries said it has raised $65 million in an oversubscribed Series A funding round, as the company continues its effort toward building the first space-based power grid. Star Catcher, based in Jacksonville, said the new investment—led by B Capital and co-led by Shield Capital and Cerberus Ventures, the venture arm of Cerberus […]

GE Vernova announced the start of commercial operation of the 852-MW Kırklareli power plant in Türkiye. The natural gas-fired combined-cycle power station, featuring GE Vernova’s 9HA.02 gas turbine, is the first in that country to use an H-class product.

Grid capacity and the interconnection queue aren’t the only constraints on U.S. data center growth. Community acceptance is becoming the toughest bottleneck to break through, and a hot political topic with the approach of the midterm elections.

California-headquartered Clearway Energy Group said the company’s 320-MW Honeycomb Energy Center is now online in Utah.

A global investment firm that manages about $22 billion in assets said it has acquired a majority of the equity interests in New Frontera Holdings, which includes a 530-MW natural gas-fired combined-cycle generation station in Mission, Texas.