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AEP Announces 702-MW Bloom Fuel Cell Project to Serve Google in Wyoming

LCG, October 14, 2026--American Electric Power (AEP) today announced plans for a 20-year power purchase agreement (PPA) with Google, under which AEP will invest approximately $4 billion to advance a new 702-MW fuel cell generation project located near Cheyenne, Wyoming. Google will acquire power from Cheyenne Fuel Cell, LLC, which is approximately 92 percent owned and controlled by AEP and 8 percent owned by funds advised by Basalt Infrastructure Partners, LLP. AEP and its partners plan to start construction this year and to be fully operational by the end of 2028.

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Constellation and Google Announce Strategic Collaboration that Includes 890 MW of New Nuclear Capacity to PJM Grid

LCG, October 6, 2026--Google and Constellation Energy today announced a long-term strategic clean energy collaboration to bring 890 MW of new, reliable, carbon-free nuclear capacity onto the PJM Interconnection grid to meet growing demand and increase grid reliability. The first uprate is expected to be delivered by 2028.

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Industry News

$300 Million Allocated For Plants in Bulgaria

LCG, Jan. 17, 2002--Two joint ventures involving Bulgaria's National Electricity Company (NEC) will receive as much as $300 million from the European Bank for Reconstruction to construct and upgrade coal-fired plants.

The projects will be managed by U.S. firms AES Corp. and Entergy Corp.

The project developed with AES Corp. will be a new 670-megawatt plant at Maritsa East One section, and will replace a former unit at the site. The plant is seen as requiring a 980 million euro ($863 million U.S.) investment. The other, a joint venture between the NEC and Entergy, is planned as a 470 milion euro ($414 million U.S.) project to upgrade and operate an 840-megawatt plant at Maritsa East Three section.

Michael Delia, the EBRD's Deputy Directory for Bulgaria, said "EBRD has been mandated to provide financing for both projects. We have been asked to provide between $100 million and $150 million to each of them."

The bank, which will also extend a loan to upgrade and extend Bulgaria's power transmission system, intends to assist the Energy Ministry in privatizing the seven transmission companies in Bulgaria. The ministry wants to sell the companies by year's end. Loans will also aid in modernizing district heating operations over four years.

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