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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

Greece-Europe Power Links Established

LCG, July 10, 2002--High-voltage power lines allowed the flow of electric power between Greece and Italy for the first time yesterday, as the two countries' prime ministers, Costas Simitis and Silvio Berlusconi respectively, participated in a high-profile ceremony.

The connection between each nation's power grid takes the form of a 163-kilometer (102-mile) underwater cable, under construction beginning in 1997. Greece lacks land borders with other European Union countries, but will likely see an economic benefit from the ability to import and export power as needed. Seventy-five percent of the cable's cost was borne by Italy, while the remaining twenty-five percent was funded by Greece.

Greece now imports natural gas from Russia, and has signed an agreement to receive gas from Iran through a new pipeline through Turkey. The country's leaders are also interested in establishing a pipeline to Italy.
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