POWERnews

A fact sheet published by the U.S. Dept. of the Interior notes a $1-billion agreement between Hyundai Heavy Industries Power Systems and developers of the proposed 1.25-GW Terra Energy Center, a new 1.25-GW coal-fired power plant in Alaska. Officials on March 16 said the Terra Energy Center would be the first new coal-fired station built in the U.S. in more than a decade.

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.

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 largest single tranche of divestitures required to resolve antitrust and market-power concerns arising from Constellation’s $26.6 billion acquisition of Calpine Corporation. The deal, announced on […]

U.S.-based clean energy group Avantus, along with Toyota Tsusho America (TAI), announced completion of the 159-MW Norton Solar Project in Runnels County, Texas. The companies on March 18 said TAI has entered into a long-term virtual power purchase agreement with Toyota Motor North America for the full output of the solar facility.

The power industry is staring down a workforce crisis. An aging labor force is heading for the exits, new recruits aren’t arriving fast enough to replace them, and a historic wave of energy infrastructure investment is only widening the gap. Against that backdrop, a partnership between Stony Brook University and Haugland Group—an infrastructure services company […]

GE Vernova and Japanese integrated heavy industry group IHI Corp. have demonstrated for the first time that full-scale combustor components for GE Vernova’s F-class gas turbines can operate on 100% ammonia at full-load conditions, clearing a critical technical barrier in their joint effort to decarbonize dispatchable power. The test was conducted at IHI’s Large-Scale Combustion […]

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 […]

Energy giants GE Vernova and Hitachi said the companies have entered into a memorandum of understanding (MoU) as part of a plan to deploy the groups’ water-cooled BWRX-300 small modular reactor (SMR) in Southeast Asia.

As we move further into 2026, the global energy landscape is increasingly defined by divergence. Oil and natural gas fundamentals are separating, geopolitical volatility remains elevated, and across the industrial economy, execution speed is becoming the defining competitive variable.

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.”

Eagle Point Credit Management LLC, a private credit investment manager, said it has provided a $28.5-million senior secured term loan to Heritage Energy Storage DevCo I LLC, owned by Heritage Energy Holdings, LLC, a Texas-based solar and storage developer.

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   March 12, 2026 DOE Unveils Initiative to Add 5 GW of Nuclear Capacity Through Uprates and Restarts The U.S. Department of Energy (DOE) has launched a new initiative to increase nuclear generating capacity—targeting 2.5 GW of additional nuclear capacity by 2027 and […]

The U.S. Department of Energy (DOE) has launched a new initiative to increase U.S. nuclear generating capacity—targeting 2.5 GW of additional nuclear capacity by 2027 and 5 GW by 2029—by expanding output from operating reactors, restarting dormant facilities, and extending the lifespans of plants already on the grid. The Utility Power Reactor Incremental Scaling Effort—UPRISE—unveiled […]

The first data center to run entirely on self-generated nuclear power will shatter a long-held assumption that computing infrastructure must wait for the grid. A large-scale facility will operate around the clock while controlled fission reactions take place 1,000 feet from its server racks. When that happens, every data center operator still waiting for grid […]

Utilidata, a group specializing in embedded artificial intelligence (AI) for power infrastructure, and NexGen Cloud, a European AI cloud provider, have announced the deployment of the Karman AI power control platform across NexGen Cloud’s data centers. The companies on March 12 said the collaboration is designed to increase available AI compute capacity within existing grid […]

The energy industry, specifically the nuclear sector, is staring down a challenging 2026 with a combination of mounting pressure: tech giants shaking hands on purchasing agreements before facilities are fully built, innovative solutions reinventing the methods of long-established leaders, and mounting demands to deliver efficiency faster. Does that sound familiar? COMMENTARY If you’ve had an […]

A new report from a leading solar industry group and a top energy data analytics firm said about 43 GW of new solar power generation capacity was added across the U.S. last year.

Energy group Babcock & Wilcox (B&W) said it will proceed on a $2.4-billion design-build agreement with an independent power producer (IPP) to support data center campuses. B&W on March 4 said the deal with Base Electron, an IPP, will supply power for what the groups called artificial intelligence (AI) factory campuses for Dallas, Texas-headquartered Applied Digital.

Energy regulators in Arizona have given the go-ahead to convert several units at two coal-fired power plants in the state to burn natural gas.

Seven of the nation’s largest artificial intelligence (AI) companies and hyperscalers signed a White House-brokered agreement March 4 committing to build, procure, or fund new generation capacity sufficient to cover the electricity demands of their data centers—and to pay for all grid infrastructure upgrades required to connect them, without passing those costs to residential or […]

An Arizona-headquartered energy development group announced the start of commercial operations for a 430-MW solar power installation in Missouri. Scottsdale-based Arevon said it developed, built, and will own and operate the Kelso Solar Project in Scott County.

On March 4, the Cuban Electric Union (UNE) reported, through its official account on the social network X, that at 12:35 pm a partial power outage occurred affecting the national grid from the province of Camagüey to Pinar del Río province. Following the outage, all established protocols for system restoration were immediately activated, with the […]

The Nuclear Regulatory Commission (NRC) on March 4 authorized staff to issue a construction permit for TerraPower’s Kemmerer Power Station Unit 1 in Kemmerer, Wyoming—the first commercial reactor the agency has approved for construction in nearly a decade, and the first approval for a commercial non–light water reactor design in more than 40 years. The […]

Ten years ago, utilities could plan for new 100-megawatt (MW) load requests. That size of energy load fit inside existing forecasts: it could be absorbed, modeled and planned around. Today, load requests have increased to one, two even three gigawatts (GW) at a time. This results in utilities fielding individual load requests that rival full […]

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.

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.

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 renewables supplier into private ownership. AES’s board says the move, which comes as load growth and capital needs are rising across the sector, is designed […]

Minnesota Power has signed an electric service agreement (ESA) with Google for the energy needed to power a 700-MW data center project in the state. The companies on March 3 said the installation in Hermantown would operate under an existing regulated rate structure.

America’s power grid is aging into obsolescence. Much of the infrastructure that keeps the lights on today was constructed in the 1960s and 1970s, long before the digital and electrified demands of the 21st century took shape. The consequences are increasingly visible: mounting reliability issues, rising costs, and a growing need to modernize a system never designed for the challenges of climate volatility or the surge in load from data centers and electric vehicles.

Caterpillar Inc, OnePWR Solutions and Vero3 announced a strategic collaboration focused on developing large-scale lower-carbon power generation and permanent carbon storage projects to support mission-critical facilities, including data center infrastructure. The parties on March 2 said they intend to collaborate on the design of a fully integrated solution combining natural gas–based prime power generation, carbon […]