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POWER Magazine   Jobs   White Papers  Webinars   Events   Store   March 23, 2026
Constellation to Sell 4.4 GW of PJM Gas Power Assets to LS Power for $5B in Regulatory Divestiture
Competitive generation giant Constellation Energy has agreed to sell approximately 4.4 GW of natural gas–fired generation capacity in PJM Interconnection to LS Power Equity Advisors for $5 billion, marking the…
Fervo Energy Secures More Funding for Cape Station Geothermal Project
Geothermal energy group Fervo Energy, known as a pioneer of next-generation geothermal deployment, said it has successfully closed $421 million in non-recourse debt financing for the first phase of its flagship Cape Station development in Utah.
Resource Plans Drive Clean Energy Value Creation for Investors
Electric utilities have a significant opportunity to create long‑term value by building new clean energy infrastructure—an approach Warren Buffett’s Berkshire Hathaway utilities have followed quietly but effectively for decades. Xcel Energy calls its version of this strategy “Steel for Fuel.”
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SHINE Raises $240 Million in Funding to Advance Commercial Fusion Technology
Nuclear fusion group SHINE Technologies said it has raised $240 million in equity funding to advance the company's commercial fusion technology.
 
Avantus Closes Financing for Solar-Plus-Storage Project in Arizona
Clean energy provider Avantus said it has closed a financing package of more than $300 million with Banco Bilbao Vizcaya Argentaria (BBVA) and the New York branch of Canadian Imperial Bank of Commerce for the Kitt Solar and Energy Storage Project in Pinal County, Arizona.
EQT, GIP Move to Take AES Private in $33B Bet on Data Center Power Demand
A private equity–led consortium has agreed to take AES Corp. private in a $33.4 billion deal that—if completed—will shift one of the largest U.S.-listed power companies and a major data‑center…
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Southern Co. Lands Largest Loan in DOE History—$26.5B for Gas, Nuclear, and Grid Projects
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…
Otovo Secures $16.6-Million Private Placement to Fund EnergyAid Acquisition
Otovo, an artificial intelligence (AI)-native energy service provider for residential and commercial customers, announced the successful completion of a private placement raising about $16.6 million through the issuance of about 14.0 million new shares.
Construction Financing Complete for 347-MW Texas Solar Power Project
A Texas-headquartered solar power and battery energy storage developer said it has completed construction financing for a utility-scale project being built as part of a joint venture with an Israel-based group.
Renewable Properties, Pathward, BridgePeak Close $280 Million for Clean Energy Projects
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…