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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

Nevada Puts Electric Dereg on Hold

LCG, April 19, 2001Nevada Gov. Kenny Guinn yesterday signed into law legislation that puts electric deregulation on hold, halts the sale of power plants by state utilities and sets a new rate structure protecting the electric companies from soaring wholesale power prices.

The state Senate and Assembly had passed the measure earlier yesterday and sent it to the governor. The bill, which was framed with an anxious eye on California to the west, is an emergency act, meaning it takes effect immediately.

"I can tell you, this is a great relief," said Guinn, himself a former utility executive. "Nothing can stop escalating costs, but we're in the best position to protect ourselves."

Walt Higgins, chief executive of Sierra pacific Resources Corp., parent company for Nevada's two electric utilities, said "This was a bold move by the legislature and the governor to focus on the real problem that threatened every consumer and business in Nevada."

The problem also threatened Higgins' company, and he too can breathe a sigh of relief. Under the provisions of the legislation, rates would be continued at their current levels, reflecting all recent increases to date, and remain stable until early next year, at which time they would be adjusted to reflect the actual costs of wholesale power and fuel over that period. If wholesale costs remain high, the legislation allows for the rates to be spread out over several years.

Lawmakers added last-minute language to the bill to make sure retail customers get a break if it turns out that Sierra Pacific's operating utilities make too much money selling wholesale power.

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