Power

A Massachusetts-headquartered nuclear energy company said it has received $33 million from a Series A funding round as the group scales its technology. Alva Energy on February 12 announced it has launched with a goal to support new electric power generation capacity from the existing U.S. reactor fleet.

The challenge of upgrading how power is generated, along with needed improvements in electricity transmission and distribution, is being met in a variety of ways by an array of companies.

Lunar Energy, a leader in integrated home battery systems and virtual power plant software, announced it raised $102 million in an oversubscribed Series D round led by B Capital and Prelude Ventures. This round follows a previously unannounced Series C financing of $130 million led by Activate Capital.

Artificial intelligence (AI) has moved quickly from the margins to the mainstream in electric utilities. Control room vendors promote AI-driven insights, asset platforms promise predictive intelligence, and most major utilities are running at least one pilot or proof of concept. More than 80% of North American utilities already report using AI in some form.

The European Investment Bank (EIB) is intensifying efforts to spur energy savings by businesses across Europe with a €60 million ($71.1 million) commitment to launch a financing platform run by Solas Capital, an energy transition investment advisor.

Officials with UK-based power systems developer Rolls-Royce said the company is launching a new modular solution for gas engine power plants.

As global electricity demand surges 40% by 2035 and warming projections worsen, nuclear, geothermal, gas, offshore wind, storage, and fusion must all advance—along with the workforce to build them. The global energy landscape is undergoing its most significant transformation since the Industrial Revolution. Electricity demand is surging at unprecedented rates while the imperative to decarbonize […]

From plunging costs to policy upheaval, the global battery storage sector is transforming grid design—and facing unprecedented challenges. The energy storage industry stands at a pivotal crossroads. On one side, costs are plummeting so dramatically that utility-scale batteries can now deliver solar power around the clock at competitive prices. On the other, regulatory upheaval—particularly in […]

Basin Electric Power Cooperative has selected PCL Industrial Construction Co. (PCL) as the general contractor for the Bison Generation Station, a new $4-billion natural gas-fired power plant in Williams County, North Dakota.

Record capacity, record auctions, and record-breaking turbines mark a maturing industry, but U.S. policy reversals and macroeconomic headwinds threaten to slow momentum. The global offshore wind industry achieved significant milestones in 2024 and early 2025, with installed capacity surpassing 83 GW and a record-breaking 56 GW awarded in competitive auctions worldwide. Yet, this momentum faces […]

The unprecedented revolution in digital infrastructure, driven by the explosion in artificial intelligence (AI) services and cloud computing, is fueling an economic boom so large it drove 92% of U.S. gross domestic product (GDP) growth in the first half of 2025. However, this wave of technological innovation is hiding rising ratepayer burden and mounting reliability […]

Several natural gas–fueled units are being developed as a way to support the industrial sector, including data centers, and to help integrate more renewable energy to the grid.

The U.S. Department of Energy (DOE) maintains one of the richest and most diverse histories in the federal government. Although the department itself has only existed since 1977, its lineage traces back to the Manhattan Project—the massive scientific effort that developed the atomic bomb during World War II—and to various energy-related programs that were previously […]

Scientists around the world are making progress as they try different techniques to bring commercial fusion energy to fruition.

GE Vernova said the energy giant has completed a modernization project at InterGen’s 800‑MW Coryton Power Plant in the UK. The group on February 9 said the work included two high-efficiency (HE) upgrades on GT26 gas turbines, delivering 85 MW of additional generation capacity, a 2.46% efficiency gain.

The world’s biggest nuclear power plant is again operating, after an earlier attempt to bring the facility back online was suspended due to an equipment problem.

The discussion about nuclear fusion has long involved its potential to create limitless amounts of energy. Thea Energy is one of several companies working to turn that potential into reality.

Rolls-Royce SMR and Yokogawa Electric Corp. have announced a strategic agreement for the Japanese industrial automation specialist to deliver data processing and control systems (DPCS) for Rolls-Royce’s small modular reactor (SMR) program—a deal covering the first units in what both companies envision as a global SMR fleet. Under the agreement, Yokogawa will design, engineer, validate, […]

Xcel Energy has moved to lock in supply and development capacity for what could become 6 GW of data center load through separate strategic agreements with GE Vernova and NextEra Energy, announced this week, that reserve five F-class gas turbines, multiple gigawatts of wind capacity, and joint development resources to support generation buildout into the […]

Abilene-based Natura Resources, which won the first federal construction permit for a liquid-fueled molten-salt reactor in 2024, will work with NGL Water Solutions Permian to explore deploying its 100-MWe reactor design alongside thermal desalination systems to transform briny drilling waste into usable water—while powering data centers and other industrial loads hungry for around-the-clock electricity. The […]

Energy developer Aypa Power, a Blackstone portfolio company that operates utility-scale energy storage and hybrid renewable energy projects, announced the closing of its $1.5-billion construction warehouse revolving credit facility, with an additional $0.5 billion accordion feature.

InSolare Energy Limited (IEL), a leading clean energy solutions provider in India, has entered into a strategic collaboration with Versogen, a U.S.-based pioneer in Anion Exchange Membrane (AEM) technology, to jointly develop and commercialize advanced AEM stack and electrolyser solutions for the Indian green hydrogen market.

For decades, utilities have deployed distributed generation along distribution circuits primarily for single-circuit capacity support and voltage regulation. While these applications remain valuable, a broader opportunity is emerging: siting generators directly at substations to unlock system-level benefits that extend far beyond any single feeder. For rural electric cooperatives, municipal power systems, and even investor-owned utilities […]

Energy solutions and products companies LG Energy Solution Vertech and Qcells said they have joined in a multi-year commitment to install energy storage for Qcells’ development projects across the U.S.

Global energy company GE Vernova announced the launch of another offering in the group’s GridBeats portfolio, which features software-defined automation solutions designed to modernize electrical grids by improving resilience, efficiency, and flexibility.

Vema Hydrogen, developer of a low-cost and clean hydrogen production technology known as Engineered Mineral Hydrogen, said the company has completed drilling its first two pilot wells in Quebec, Canada. The milestone marks completion of the world’s first Engineered Mineral Hydrogen pilot wells, according to the company. 

When it comes to the latest technologies, utilities aren’t exactly early adopters—with good reason. Silicon Valley’s motto of “move fast and break things” can have disastrous consequences when applied to an industry tasked with keeping the lights on around the clock for millions of Americans.

Xylem Inc., a global water solutions company, announced the launch of Sensus Evolve, its new intelligent grid platform designed to help electric utilities gain deeper insight, act faster, and adapt to a rapidly changing energy landscape.

S&C Electric Company and Schweitzer Engineering Laboratories (SEL) have announced a collaboration that pairs S&C Electric’s IntelliRupter PulseCloser Fault Interrupter with the upcoming SEL-651RD Advanced Digital Control, giving utilities a new interoperable option for overhead distribution automation. The announcement, made Feb. 2 at an event in San Diego, California, addresses growing utility demand for modernization […]

The company’s O2rigen product line uses a carbon dioxide (CO2) and oxygen (O2) gas blend to eliminate potent greenhouse gas emissions from power switching equipment. Southern States LLC has launched a new line of power switching products that replace sulfur hexafluoride (SF6)—one of the most potent greenhouse gases known—with a natural-origin blend of CO2 and […]