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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 Ministry Supports Retail Deregulation of Power

LCG, Apr. 4, 2002--Japan's Ministry of Economy, Trade and Industry today heard from an advisory panel that "full liberalization" of electric power markets was a goal that should be gradually implemented and embraced by regional utilities, beginning with granting all retail customers the ability to choose a supplier.

The ministry, or METI, also made clear that unbundling of generation and transmission was not desirable for reasons of reliability, a stance that received approval from power industry representatives. Deregulation in North American and the European Union has been strongly linked to unbundling of services once provided almost entirely by vertically integrated utilities. Nonetheless, the president of Tokyo Electric Power Co., Nobuya Minami, said of the Federation of Electric Power Companies that its members "would like to discuss positively toward (the realization of) full liberalization."

The creation of a marketplace for wholesale power trading open to both traditional utilities and independent power producers, and intended to broaden diversity of power sources and increase efficiency, is an area that will be discussed by the panel during regular meetings. There was reported to be no consensus as to whether there should be an obligatory power pooling system or two-way trading.

While industrial and commercial users representing about 30% of power demand have been allowed to shop for a new supplier since March 2000, only 0.46% of such retail sales that could potentially be taking place through a new supplier are being realized. New competitors providing power pay significant fees to utilities for transmission and power reserves.
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