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Hyperscaler Google and Constellation Energy, the largest nuclear operator in the U.S., have signed a 20-year power purchase agreement (PPA) designed to support $4.3 billion of upgrades at 11 nuclear units across the PJM Interconnection, which is slated to add 890 MW of generating capacity from Constellation’s existing reactors by the end of 2032. The […]
Power plants have largely optimized individual assets. The next opportunity lies in how assets, resources, and operating decisions work together. Power producers are experts at optimizing equipment. Decades of advancement in engineering and operating practices have improved the performance of gas turbines, pumps, steam systems and other critical assets. Operators can measure unit-level performance in […]
Over 2,060 gigawatts. That is the staggering volume of generation and storage capacity currently trapped waiting in U.S. interconnection queues. According to data from RMI, the typical project now takes almost five years—stuck in administrative and transmission review before a single watt can be delivered to the grid. In 2008, it was only two years. For […]
Energy infrastructure developer and investor LS Power said it has successfully closed the LS Power Equity Partners VI (Fund VI) with total fund commitments of about $6 billion. Fund VI, which was launched in January of this year, was oversubscribed and fully allocated against its hard cap by July, which was well in excess of […]
California-headquartered Clearway Energy Group said it has closed financing and begun construction of the Swan Energy Center, a 650-MW solar facility located on portions of formerly strip-mined land in northwestern Bates County, Missouri. The project is San Francisco-based Clearway’s first in Missouri. Its output is contracted under a 20-year power purchase agreement. The Swan array, […]