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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

OPEC Pressures Russia on Oil Production

LCG, March 18, 2002-With a sluggish world demand for oil, OPEC is concerned that Russia, as the world's second largest oil exporter, will not limit its oil production.

The International Energy Agency (IEA) changed its forecast for growth in worldwide oil demand from 500,000 to 420,000 barrels per day, 0.55 percent of the world's total of 76 million barrels a day.

Russia promised to decrease its first quarter production by 150,000 barrels per day, although exports were reportedly up 940,000 barrels per day in February. OPEC has demanded that Russia continue limiting its oil production in the second quarter, but Russian officials do not want to lose market share or give up revenues that the struggling country needs. Experts say that Russia's mostly private industry may export more oil than reported even if the Russian government vows to limit production.

OPEC secretary general Ali Rodriguez and president Rilwanu Lukman could not convince Russian officials to devote themselves to future agreements with OPEC, although Russia avoided rejecting Opecs demands outright.

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