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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

Indiana House Votes for More Regulatory Muscle

LCG, Feb. 21, 2001Indiana utility regulators would be given more muscle with which to keep electric, natural gas, water and telephone companies in line under a bill approved by the state House yesterday be an 84-12 vote.

"Misbehavior exists, and we need to have intelligent ways to handle this misbehavior," said Rep. Scott Pelath, a Michigan City Democrat.

The measure would give the Indiana Utility Regulatory Commission authority to fine a utility that violates state law or refuses to comply with a commission order. Fines could range up to $25,000 for each day of continued "misbehavior," up to a maximum of $2.5 million in a month.

Do the arithmetic. If the worst the utility can do would cost it $25,000 a day, it would take a 100-day month to reach the cap.

Under present rules, Indiana regulators can fine a utility only $1,000 per day, and must get county prosecutors to handle the fines for them.

Republican House leader Brian Bosma said that the bill is reactionary and represents "everything that's wrong with the legislative process." He said the amount of the fines were much higher than surrounding states and that "big fines aren't necessarily the answer."

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