Finance

What does the upcoming European Union (EU) Battery Passport look like to many energy executives? Another regulatory requirement. Another documentation demand. Another checkbox. In other words, another headache. But viewing a battery passport as merely a component of compliance infrastructure overlooks its potential as a key piece of financial infrastructure. Why? Because second-life batteries have […]

American Electric Power (AEP) and X-energy have agreed to evaluate a 960-MW small modular reactor (SMR) project in Indiana, backed by Amazon development funding and a proposed long-term power purchase agreement designed to protect existing utility customers from project costs. The 12-reactor project would be the second deployment under Amazon and X-energy’s collaboration to develop […]

Pivot Energy, an impact-focused independent power producer of distributed-scale solar and energy storage, announced the closing of a $173-million term loan facility for a portfolio of 51 community-scale solar projects totaling 135 MW across six states. Long-time financial partners First Citizens Bank, Huntington Bank, and BankUnited provided the takeout financing. The facility refinances the projects […]

Energy infrastructure developer and investor LS Power said it has successfully closed the LS Power Equity Partners VI (Fund VI) with total fund commitments of about $6 billion. Fund VI, which was launched in January of this year, was oversubscribed and fully allocated against its hard cap by July, which was well in excess of […]

ArcLight Capital Partners, an investor in power and energy infrastructure, said its fund has completed the acquisition of a 50% stake in IATP, a large-scale, 5.4-GW power portfolio comprising 11 power infrastructure assets located across North America. Invenergy will retain its existing 50% ownership interest and operational role in IATP. IATP combines a substantial base […]

When Arevon Energy needed someone to lead financing on Nighthawk, a 300-MW/1,200-MWh battery storage project the company had been working on when Nimmi Kavasery came onboard as the managing director of Project Finance, she made “a battlefield promotion,” handing the lead role to Jack Southard—someone she’d only observed peripherally and who had never run a […]

On Aug. 30, workers at the Palisades Nuclear Plant in Covert Township, Michigan, began loading 204 fuel assemblies into a reactor vessel that had sat empty since the plant shut down in 2022—the first time in U.S. history that a commercial reactor that had entered decommissioning began reloading fuel. Holtec International Chairman and CEO Dr. […]

Last year an automotive parts manufacturer asked us for solar with battery storage on a 110-kW system. They were ready to buy the battery. We told them not to. Their half-hourly data showed a site that ran hard through the day and went almost dark by early evening. Solar would cover the daytime load directly. […]

Artificial intelligence (AI) data centers are being built at an unprecedented pace. There are more than 12,000 active projects in the U.S. currently seeking grid interconnection representing 1,570 GW of generator capacity and 1,030 GW of energy storage. Analyst firm Omdia predicts that AI will drive more than 50% of installed power generation capacity over […]

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 […]