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Meta Announces Up to 6.6 GW of Nuclear Projects to Power American AI

LCG, January 9, 2026--Meta today announced new, landmark agreements that will (i) extend and expand the operation of three existing nuclear power plants and (ii) drive the development of advanced nuclear technology. Meta's new agreements with Vistra, TerraPower, and Oklo follow Meta's request for proposals (RFP) issued last month. Meta expects these projects to deliver up to 6.6 GW of new and existing clean nuclear energy by 2035.

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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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Industry News

Calpine Adds 205 Billion Feet of Proven Reserves

LCG, July 26, 2000--Independent power producer Calpine Corp. said yesterday it had made three strategic acquisitions that add 205 billion cubic feet equivalent of proven natural gas reserves to the companys natural gas portfolio, nearly doubling its has reserves.

The three acquisitions, which bring Calpines proven reserves to 430 billion cubic feet, cost the company about $206 million.

Calpines Charles Chambers, vice president for business development, said the acquisitions were in support of the companys objective of reaching 40,000 megawatts of generation on line. "In addition to enhancing our in-depth fuels capabilities, these acquisitions provide Calpine access to three strategic gas markets and strengthen our position as a premier power provider," he said.

The first transaction consists of three fields in the Gulf of Mexico and includes 5 drilling locationsenhanced with 3-D seismic, one of which has already been successfully drilled. Current production isaround 17 million cubic feet per day, increasing to 23 million by the end of the year.

A second transaction involves the acquisition of a Canadian firm, Calgary-based Quintana Minerals Canada Corp., whose reserves are located in British Columbia, Alberta andSaskatchewan. The assets include interests in 1,300 wells, upside potentialwithin 180,000 net acres of undeveloped lands, and an excellent staff of energy professionals locatedin Calgary. Current production is approximately 38 million cubic feet per day, and will increase to 42 million by the end of the year.

In the third transaction, Calpine acquired natural gas assets in the Piceance Basin, Colorado andonshore Gulf Coast from a privately-held Houston, Texas-based company. The assets include 126wells, 79,000 acres of undeveloped lands, and 195 potential drilling locations with historical successrates of over 90 percent. Current production is 10 million cubic feet a day, and that will double by the end of the year.

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