A subsidiary of Spanish energy giant Iberdrola said it has energized a major transmission line project in Brazil. Neoenergia on January 10 said the company has completed the final section of the Alto Paranaíba Project. The group said the installation is Iberdrola’s largest transmission project in Brazil, and one of that country’s biggest electricity delivery initiatives. The 1,600-kilometer (994 miles) transmission line features 3,250 towers, […]
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 noted that the transaction, first announced as a $16.4-billion deal a year ago, unites Constellation’s nuclear power fleet with Calpine’s natural gas-fired and geothermal generation. The cash-and-stock deal, when including debt, has a total value […]
Meta Locks In Up to 6.6 GW of Nuclear Power Through Deals With Vistra, Oklo, and TerraPower
In-Depth: Meta’s suite of three landmark agreements is poised to provide the financial certainty to extend aging plants, accelerate first-of-a-kind advanced reactor deployments, and relieve PJM’s tightening capacity constraints while establishing the hyperscaler as an anchor customer for a 6.6-GW corporate-backed nuclear fleet. In a stunning move that reinforces Big Tech’s growing role in underwriting […] The post Meta Locks In Up to 6.6 GW […]
Exus Renewables North America Closes $400-Million Credit Facility for Solar, Wind, Storage Projects
Exus Renewables North America (Exus), a leading independent owner, developer and operator of utility-scale renewable energy projects, announced the closing of a $400-million senior secured corporate credit facility. The facility will fund the development and expansion of the company’s growing wind, solar and battery portfolio. The post Exus Renewables North America Closes $400-Million Credit Facility for Solar, Wind, Storage Projects appeared first on POWER Magazine.
Eavor’s First-of-Its-Kind Closed-Loop Geothermal Project Produces Grid Power in Germany
Eavor’s Geretsried project marks the first time a closed-loop geothermal system has delivered electricity to a commercial power grid, demonstrating a new pathway for advanced geothermal deployment. Calgary-based Eavor Technologies on Dec. 4, 2025, became the first company to deliver electricity to a commercial power grid at its Geretsried facility in Bavaria, Germany, using a fully […] The post Eavor’s First-of-Its-Kind Closed-Loop Geothermal Project Produces Grid […]
A Simple Way to Prevent Electricity from Becoming Less Affordable
Affordable electricity prices have become a top priority for consumers, policymakers, voters, and elected officials. Electricity prices for the residential, commercial, industrial, and transportation sectors averaged 6.7% higher in September 2025, compared to the same month one year ago. Residential prices alone increased by more than 7%, making it especially challenging for low- and middle-income […] The post A Simple Way to Prevent Electricity from […]
Building a Fusion-Ready Workforce: Why STEM and Trades Education Are Key to America’s Energy Future
Recent breakthroughs at U.S. fusion labs, along with new public-private partnerships, are bringing us closer than ever to realizing fusion energy’s limitless potential. However, the U.S. has a major gap to fill in fusion research and development (R&D), and workforce development. The post Building a Fusion-Ready Workforce: Why STEM and Trades Education Are Key to America’s Energy Future appeared first on POWER Magazine.
Commonwealth Fusion Systems, Siemens, NVIDIA Will Develop Fusion Digital Twin
Nuclear energy company Commonwealth Fusion Systems (CFS) said it would collaborate with chipmaker NVIDIA and energy technology group Siemens to develop a digital twin of its SPARC fusion machine. The companies said their work will apply artificial intelligence (AI) and data and project management tools to accelerate commercial fusion. The post Commonwealth Fusion Systems, Siemens, NVIDIA Will Develop Fusion Digital Twin appeared first on POWER […]
DOE Backs Terrestrial Energy Molten Salt Reactor Project
A North Carolina-headquartered developer of small modular nuclear power plants announced it has an agreement with the U.S. Dept. of Energy (DOE) for an initiative to build and operate a molten salt reactor. The post DOE Backs Terrestrial Energy Molten Salt Reactor Project appeared first on POWER Magazine.
DOE Issues $2.7B Orders to Scale Domestic Nuclear LEU and HALEU Enrichment
The U.S. Department of Energy (DOE) has issued its first production-scale task orders under a $2.7-billion uranium enrichment program launched in 2024, awarding $900 million each to Centrus Energy Corp., General Matter, and Orano Federal Services to expand domestic capacity for conventional low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU) over the next decade. The […] The post DOE Issues $2.7B Orders to Scale Domestic […]