Finance

NextEra Energy says an artificial intelligence (AI)–driven dispatch and outage-scheduling tool has saved its customers more than $20 million so far this year. Santee Cooper expects a custom AI weather-forecasting model to help it avoid spot-market purchases that can cost $100,000 an hour during extreme weather. Both utilities say the tools moved from concept to […]

The U.S. power grid is entering a period unlike any it has experienced in decades. Rapid electrification, domestic manufacturing, and the exponential growth of artificial intelligence are reshaping electricity demand. A recent report from Lawrence Berkeley National Laboratory, supported by the U.S. Department of Energy, projects that data centers alone could account for between 9.5% […]

The wait for a large gas turbine now runs longer than the time it takes to design, permit, and build the plant it will sit in. Order one today from any of the three largest manufacturers, and the delivery slot

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 […]

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.

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 […]

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 […]

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. Department of Energy’s (DOE’s) Office of Energy Dominance Financing (EDF) closed a loan of up to $3.26 billion to American Electric Power (AEP) Texas on July 8, the office’s third utility

Centrus Energy has finalized a $900 million task order with the U.S. Department of Energy (DOE) that clears the way for the company to transition its pioneering high-assay low-enriched uranium (HALEU) cascade in Piketon, Ohio, from a government-funded demonstration to private commercial operation. The Bethesda, Maryland-headquartered firm on July 1 announced that its wholly owned subsidiary American […]

GE Vernova modernized four hydro units at the plant that supplies roughly 40% of Kyrgyzstan’s electricity—without ever taking the plant fully offline. The project is a POWER Top Plant award finalist. When

A milder reliability assessment, 58 GW of new resources, and softening load forecasts have eased the near-term mood. Analysts and executives warn the breathing room is borrowed time. For the first time in

At a recent energy conference, power sector stakeholders agreed the looming fleet of hyperscale data centers will require vast amounts of clean, firm capacity. But while nuclear looks like the most plausible

Cypress Creek Energy has announced financial close on the first two phases of the three-phase Steel River Energy Center in Arkansas. The company on June 11 said it secured $3.5 billion in financing for the project. Phase 1 and Phase 2 combined will feature 1.63 GW of solar power along with 1.9 GWh of battery energy storage.

Fusion energy group Helion said the company has completed a $465-million Series G investment round, increasing the Everett, Washington-based group’s valuation to $15.5 billion. Helion is among dozens of U.S. and global companies working to commercialize fusion power.

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 […]

Expected annual energy yield (PVout) is a fundamental number for every utility-scale photovoltaic (PV) project. It informs the design, shapes the budget, feeds the financial model, and influences what investors and lenders are willing to accept. Behind every expected yield estimate, however, is a range of uncertainty. Part of it comes from the solar resource […]

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 […]

Within a single week last month, Kairos Power broke ground on its Hermes 2 reactor in Tennessee, and days later TerraPower and Bechtel began construction on the Natrium reactor in Wyoming. Maria Korsnick, president and CEO of the Nuclear Energy Institute (NEI), told industry leaders in Washington, D.C., at the Nuclear Energy Policy Forum on […]

Ontario took its most decisive step yet toward building Canada’s first large-scale nuclear station in more than three decades, directing the Independent Electricity System Operator (IESO) to enter a cost-sharing and recovery agreement with Bruce Power to advance pre-construction work on the proposed Bruce C project. The agreement, announced on May 7 by Energy and […]

Next week, roughly 1,500 electric cooperative leaders will gather in Washington, D.C., to meet with lawmakers and federal agencies at a pivotal moment for the nation’s energy future. They represent not-for-profit utilities that power 42 million Americans—many in rural communities—and they are coming with a clear message: smart energy policies are urgently needed to address […]

Cassidy DeLine has spent more than 16 years developing renewable power plants. Now, as the founder and CEO of Linea Energy, she’s building an independent power producer that she believes can do the work better, not by tearing up the playbook, but by running every play better. As a guest on The Power Podcast, DeLine […]

Global Infrastructure Partners (GIP), a part of investment giant BlackRock following its acquisition in 2024, has led a $250 million upsizing of Budderfly’s debt facility, bringing the total facility to $550 million and boosting the Shelton, Connecticut-based Energy-as-a-Service (EaaS) company’s cumulative capital base well past $1 billion. The transaction, announced on March 25, also includes […]

With federal tax credits under threat and regulatory stability in short supply, Bala Nagarajan, managing director of the energy investments team at S2G Investments, explained what he looks for in a company. “Is the product or the solution sold by this business cheaper, faster, better than the incumbent solution?” he asked. If so, it’s worth […]

For much of the 21st century, the North American power sector drifted along on near-zero demand growth. Utilities retired aging coal plants, developers filled interconnection queues with wind and solar, and investors looked elsewhere for excitement. Then came the data center boom—and seemingly overnight, the industry found itself in a full-blown supply crisis. In a […]

The Department of Energy (DOE) has closed a $26.54 billion loan package—the largest single loan commitment in the agency’s history—with Southern Co. subsidiaries Georgia Power and Alabama Power to finance more than 16 GW of “firm” generation and more than 1,300 miles of transmission infrastructure and grid enhancement across the Southeast. The transaction, announced Feb. […]

California-based Renewable Properties, a developer and investor in small-scale utility, community solar, energy storage, and electric vehicle infrastructure projects, said the company has surpassed $280 million in closed corporate and project capital facilities with national bank Pathward, N.A., and BridgePeak Energy Capital, a renewable energy loan originator and service provider to banks and private credit […]

Romania’s state nuclear utility Nuclearelectrica has approved a final investment decision (FID) for a 462‑MWe six-module NuScale module small modular reactor (SMR) project at the former Doicești coal plant. The decision by Nuclearelectrica’s shareholders on Feb. 12 to approve the FID effectively opens a pathway for the Doicești project—Europe’s most advanced SMR deployment—from an “analysis […]

The Trump administration is touting a proposed 9.2‑GW natural gas power complex near Portsmouth, Ohio, as the centerpiece of a new U.S.–Japan trade deal that officials say could steer up to $550 billion of Japanese capital into American energy and industrial projects. According to a Feb. 17 Commerce Department fact sheet and a statement by […]