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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

DOE Chief Addresses Natural Gas Issue

LCG, June 24, 2003Today Secretary of Energy Spencer Abraham said that the U.S. gas supply crunch was not quite over yet.

Gas prices, which have been around twice last years at roughly $6 per million Btu, are likely to continue, at least according to Abraham. He noted that by no means are we out of the woods yet, although he did say that there was an increase in weekly gas inventories.

Recent storage rates are encouraging after a long, cold winter, but they are in part due to current mild summer temperatures.

Abraham is planning a National Petroleum Council meeting for Thursday in order to discuss possible measures to relieve the high prices and low supply.

Some economists and legislators are worried that the rising gas prices are hurting utilities and gas-dependent industries, although others believe supply will return to normal levels by November.

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