POWERnews

Global Infrastructure Partners (GIP), a part of investment giant BlackRock following its acquisition in 2024, has led a $250 million upsizing of Budderfly’s debt facility, bringing the total facility to $550 million and boosting the Shelton, Connecticut-based Energy-as-a-Service (EaaS) company’s cumulative capital base well past $1 billion. The transaction, announced on March 25, also includes […]

With federal tax credits under threat and regulatory stability in short supply, Bala Nagarajan, managing director of the energy investments team at S2G Investments, explained what he looks for in a company. “Is the product or the solution sold by this business cheaper, faster, better than the incumbent solution?” he asked. If so, it’s worth […]

Officials in the UK have published a planning document that calls for housing developers to install solar panels and heat pumps in all new homes in England starting in 2028. The government on March 24 also said plug-in solar panels that homeowners can self-install on balconies would be widely available in the coming months.

A Maryland-headquartered utility-scale developer, owner, and operator of solar power and energy storage projects said it has power purchase agreements (PPAs) with technology giant Google for the electricity from two Texas solar installations.

An analysis of the European Network of Transmission System Operators for Electricity (ENTSO-E) Expert Panel’s final report on the April 28, 2025, Iberian Peninsula power grid incident. On a mild, sunny Monday in late April 2025, the power grids of Spain and Portugal collapsed in less than 90 seconds. At 12:33 p.m. Central European Summer […]

Electrification has become key for the global move toward cleaner energy, even as government policies continue to impact the use of renewable resources and in some cases embrace continued and even increased support for fossil fuels. Governments and industries wanting to reduce their emissions of greenhouse gases look to electrification not only as an environmental […]

Anaergia Inc. said the California Public Utilities Commission (CPUC) has conditionally approved a long-term biomethane procurement contract supported by Anaergia’s SoCal Biomethane LLC facility, Anew Climate LLC, and Southwest Gas. The project will be the first to supply renewable natural gas (RNG) under California’s Senate Bill (SB) 1440 Biomethane Procurement Program.

Artificial intelligence (AI) group OpenAI is reportedly discussing buying electricity from Helion Energy, the fusion startup company based in Everett, Washington. Sources told POWER that a deal would enable OpenAI to be guaranteed part of Helion’s power generation, with as much as 5 GW available by 2030 and up to 50 GW by 2035.

The Senate Committee on Energy and Natural Resources convened March 19 for a full committee hearing to examine the Department of Energy’s (DOE’s) implementation of President Trump’s May 2025 nuclear energy executive orders. Three witnesses—DOE Assistant Secretary Theodore Garrish, Kairos Power CEO Dr. Michael Laufer, and Idaho National Laboratory (INL) Director Dr. John C. Wagner—testified, […]

As part of the country’s strategic program to strengthen the stability of the national grid, Cuba has begun load testing of the first unit of a battery energy storage system (BESS) at the El Cotorro substation in Havana. This is the first of four systems with a total capacity of 200 MW. According to the […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   March 19, 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 […]

Tech giant Google has announced what the company calls “A new milestone for smart, affordable electricity growth.” Here’s the text of a blog post from Michael Terrell, Head of Advanced Energy for the company.

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.