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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

Japanese Firms to Build Thailand's Biggest Power Plant

LCG, Aug. 17, 2001--Japanese utility Chubu Electric Power Co. and two of Japan's large trading houses, Toyota Tsusho Corp. and Tomen Corp., agreed yesterday to develop the largest power plant in Thailand.

The three companies will be the lead investors in Union Power Development Co. Ltd., which will build and operate the 1,400 megawatt coal-fired plant in the Hin Krut district 235 miles southwest of Bangkok.

"It is the first time Tomen, Toyota Tsusho and Chubu Electric have joined forces on a project," said Chubu spokesman Hideo Nakanishi. "And it is the first time for our company to develop a power plant abroad." Chubu is Japan's third largest electric utility.

Joining the three Japanese firms will be the Saha Union Group of Thailand and other investors. Initial investment in Union Power will be on the order of $300 million, with eventual cost of the facility estimated at $1.4 billion. Financial institutions in Thailand and Japan are expected to fund $1 billion of the cost.

Construction of the huge plant is slated to begin next April with commercial operation expected in October 2005. Union Power has a 25-year contract with the Electricity Generating Authority of Thailand for the plant's output.

"After the financial crisis in Southeast Asia, demand for electricity dropped but the economic situation in Thailand is improving and last year demand for power grew by eight percent," said Tomen spokesman Hiroaki Nagashima, pointing to optimism surrounding the investment.

"I think it will grow more in the future," he added, predicting that Tomen would invest in similar projects across Asia.

Tomen leads the joint venture with a 34 percent stake, Toyota Tsusho and Chubu Electric each holds 15 percent while the Thai group and other investors own the remaining 36 percent.

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