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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

Calpine to Acquire Canadian Gas Producer

LCG, Oct. 17, 2000Calpine Corp. said yesterday it would pay $3.20 (Canadian) per share for all of the outstanding stock of Calgary-based oil and gas company TriGas Exploration Inc. in a deal already approved by officers and directors of the two companies.

The $103 million (U.S.) cash transaction will give Calpine assets that currently produce about 30 million cubic feet of natural gas equivalent per day with additional gas volumes waiting to be tied in. Calpine said the reserves, which are substantially all natural gas and associated gas liquids, represent a significant strategic asset.

Almost all of TriGas' operations are located an area of Alberta 30 miles north of Calgary and close to Calpine's planned 250 megawatt Calgary Energy Center, a combined-cycle, natural gas power generation facility expected to be operational by December 2002.

Calpine said the acquisition will give it natural gas reserves to fuel its Calgary facility and a 26percent interest in the East Crossfield Gas Plant.

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