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TerraPower Announces Start of Construction on First Utility-Scale Advanced Nuclear Plant in Wyoming

LCG, April 23, 2026--TerraPower announced today the official start of construction on its Kemmerer Unit 1 nuclear power plant, which could be the first utility-scale advanced nuclear power plant in the United States. In early March, the Nuclear Regulatory Commission (NRC) announced that it had authorized the staff to issue a construction permit for Unit 1 commercial nuclear power plant in Kemmerer, Wyoming.

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TVA Announces Two Energy Storage Agreements Totaling 425 MW/1,700 MWh

LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.

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Industry News

AES Completes Financing for 450 Bangladesh Megawatts

LCG, April 13, 2001AES Corp said yesterday its AES Meghnaghat Ltd. subsidiary has signed agreements with the Asian Development Bank, Infrastructure Development Company Ltd. and ANZ Investment Bank for the financing of its $300 million, 450 megawatt combined cycle gas-fired powerplant in Bangladesh.

The Meghnaghat plant and another 360 megawatt plant in Haripur are the first large-scale independent power programs in the country to be developed, financed and implemented under the Private Sector Power Generation Policy of Bangladesh.

AES will own and operate the Meghnaghat plant, which is located about 18 miles southeast of the capital city of Dhaka. Electricity will be sold to Bangladesh Power Development Board under a 22-year power purchase agreement at what AES claims is one of the lowest electricity prices ever offered.

Titas Gas Transmission and Distribution Co. Ltd., a wholly-owned subsidiary of state energycompany Petrobangla, will supply natural gas to the power plant for the term of the power purchaseagreement, AES said.

The plant is being designed and built by a consortium of Hyundai Engineering & Construction Co. Ltd. and Hyundai Heavy Industries Co. Ltd. and is expected to be completed by October of next year.

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