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Babcock & Wilcox Selects Siemens Energy to Supply Steam Turbine Generator Sets for Massive Applied Digital Data Center Power Project

LCG, January 8, 2026--Babcock & Wilcox (B&W) announced today that it has selected Siemens Energy to provide steam turbine generator sets for B&W’s groundbreaking project to install and deliver one GW of power for an Applied Digital AI Factory. B&W and Siemens have entered into an agreement for a limited notice to proceed to secure the turbine sets, which will enable B&W to deliver power for the project by the end of 2028. The estimated cost of the project is approximately $2 billion. The full contract release is expected in the first quarter of 2026.

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Constellation Completes Acquisition of Calpine

LCG, January 7, 2026--Constellation today announced that it completed its acquisition of Calpine Corporation from Energy Capital Partners (ECP). Constellation is now the largest producer of electricity in the U.S., with electric generation facilities across the nation.

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Industry News

Cinergy Invests in e-Biz Firm

LCG, July 6, 2000--Cinergy Corp. of Cincinnati said this morning that it would buy in two phases about 5 percent of the common stock in an e-business firm named Convergent Group. The first phase will be an investment of $10 million for an undisclosed number of shares in the dot-com company.A second phase will take place when Convergent goes public. At the time of its initial public offering, Cinergy will acquire the balance of its 5 percent stake at a discount to the IPO price.In addition, Cinergy has hired convergent to co-develop and put into effect a multi-tiered program focusing on customer service through which Cinergy will use the Internet to more effectively compete in the changing marketplace for energy.James Rogers, chief executive of Cinergy, said This strategic alliance will move us forward in creating the digital energy company of the future. Our equity investment in Convergent is an indication of our confidence in their business model, based on first-hand successes, and out commitment to investing in technology that reshapes our business.Rogers added that his vision is for a customer to be able to place a service request and have it transacted on-line without a human hand touching it of a human eye looking at it.We will try that the next time we need the gas man to come out an light a pilot light.
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