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Vistra Announces Acquisition of Cogentrix Energy's 5,500 MW Gas-Fired Fleet is Complete

LCG, November 2, 2026--Vistra Corp. announced on October 30 that, following receipt of all required regulatory approvals, it has completed the acquisition of Cogentrix Energy from funds managed by Quantum Capital Group. The acquisition consists of 10 natural gas-fired power generation facilities totaling nearly 5,500 MW of capacity. The addition of Cogentrix's facilities to Vistra's existing generation portfolio raises Vistra's U.S. generation portfolio to nearly 50,000 MW.

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Data Center Customer Adds 620 MW Order for INNIO's J624 Gas Engines

LCG, October 23, 2026--INNIO N.V. yesterday announced a 620 MW follow-on order from a developer and operator of mega-scale data center campuses in the United States. Together with the customer's 1.1 GW order announced previously in July, the new order brings cumulative orders from the customer to approximately 1.72 GW this year.

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Industry News

GE Generator Unit Scales Back Capacity

LCG, July 26, 2002--Based on its forecast of a decrease of 80% in orders for and production of gas turbines, GE Power Systems will reduce its workforce by 2,500 over the next nine months.

Power Systems' president and chief executive officer John Rice said, "We have always made it clear that, after several years of exceptional growth, our turbine business woud at some point return to more normal order levels, and it is."

Some manufacturing that had been based in Pensacola, Fla., will move to Schenectady. A type of wind turbine blade will be produced there for the Wind Energy business.

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