Financial Power Direct
POWER Magazine   Jobs   White Papers  Webinars   Events   Store   February 17, 2026
New 1.2-GW Gas-Fired Plant Planned in WV; Three Solar Projects Also Announced
Two subsidiaries of FirstEnergy Corp. announced plans to build a new 1,200-MW natural gas-fired power plant on land adjacent to the companies' coal-fired Fort Martin Power Station in West Virginia. Mon Power and Potomac Edison also want to build three new solar farms on reclaimed industrial and mining land.
Xcel Energy Inks Dual Alliances with GE Vernova, NextEra to Support 6-GW Data Center Outlook, Generation Expansion
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…
Constellation, CyrusOne Announce Deal for Texas Data Center
Energy provide Constellation said that Calpine LLC, a business unit of Constellation, has signed a new 380-MW agreement with Dallas, Texas-based CyrusOne, a global data center developer and operator, to connect and serve a new data center adjacent to the Freestone Energy Center in Freestone County, Texas.
In Case You Missed It
Constellation Completes Acquisition of Calpine; Groups Have 55 GW of Generation Capacity
Major U.S. utility Constellation said it has completed its acquisition of Calpine Corp. from Energy Capital Partners (ECP), creating the nation’s largest producer of electricity. The companies on January 7…
 
Plus Power Adds Major Energy Storage Project to ISO New England Grid
A Texas-headquartered energy company with installations in more than 20 states has brought a utility-scale battery energy storage project online in Maine. Plus Power on February 11 said the group's 175-MW/350-MWh Cross Town Energy Storage facility is now the largest of its kind in New England.
Wartsila Building Energy Storage in Support of Belgian Grid
Technology group Wärtsilä has been selected by Gramme Storage 1 to deliver a 50-MW/100-MWh battery energy storage system (BESS) in central-eastern Belgium. The companies on February 16 said that the project supports Belgium’s transition toward the use of more renewable energy resources.
Careers in POWER
Post a Job Post a Resume View Jobs
Nuclear Power Group Alva Energy Launches with $33 Million in Funding
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.
Helion Announces Fusion Milestone, Moves Closer to Commercial Deployment
Fusion energy company Helion said its Polaris prototype has set new industry benchmarks, becoming the first privately developed fusion energy machine to demonstrate measurable deuterium-tritium fusion and achieve plasma temperatures of 150 million degrees Celsius.
Contractor Chosen for 1.5-GW Gas-Fired Facility; Station Will Be North Dakota's Largest Power Plant
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.
Lunar Energy Raises Millions to Support VPPs, Home Battery Energy Storage
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.
European Investment Bank Launching Financing Platform for Energy Efficiency
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.
Microsoft Commits to Full Electricity Cost Recovery in Data Center Communities
Microsoft has committed to “paying its way” to ensure its data centers will not ramp up residential utility rates, becoming the first major hyperscaler to publicly commit to a comprehensive…
Aypa Power Secures $1.5-Billion Facility to Support Energy Storage
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.
GigaWatt Opens Public Investment Round to Scale DIY Solar Platform
GigaWatt Inc. is making its next phase of growth available to public investors as the residential solar market faces a critical inflection point.
Baker Hughes, Hydrostor Will Collaborate on CAES Projects
U.S.-based technology company Baker Hughes said it has a strategic technology solutions and equity agreement with energy storage group Hydrostor. The deal between the companies, announced January 28, integrates Baker Hughes' technology as part of Hydrostor's core design offering for the latter's advanced compressed air energy storage, or A-CAES, solution.
Luminace, Renewable Properties Partner on Community Solar Portfolio
Luminace has announced the acquisition of a 9.3-MWdc portfolio of community solar projects from Renewable Properties (RP), a leading U.S. developer and investor in small-scale utility, community solar, energy storage, and electric vehicle (EV) infrastructure projects.
Former Smelter Site Future Home to 1.2-GW Pumped Storage Hydro Project
Developers of a new pumped storage hydropower installation in Washington state said the Federal Energy Regulatory Commission (FERC) has issued an operating license for the project. Rye Development, a U.S.-based…