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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

Gov. Pataki Suggests Bond Agency to Support Power Infrastructure

LCG, Sept. 17, 2003--New York Governor George Pataki has put forward a plan supported by the state Senate and opposed by the House that would assist private companies by issuing bonds for the purpose of supporting generation and transmission projects.

Pataki, a Republican, said in a statement that "this common sense proposal will encourage improvements and investment in New York's energy infrastructure well into the future."

Opposition to the bill in question is based on provisions that would streamline the process for public comment, according to Democrats in the House. The New York Public Interest Group said that under the bill, "the public's voice is needlessly silenced."

According to Steve Mitnick, the chief executive officer of a company with plans to build lines that would carry power between upstate New York, New England, Canada and New York City, which has not had growth in generation commensurate with growth in demand, government funding will not be used. Conjunction L.L.C. hopes to complete the lines, with 2300 megawatts of capacity, by mid-2006, at a cost of $750 million. Mitnick said that the flows into New York City could account for one-quarter of the city's needs.
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