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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

NRC Renews License for Dry-Cask Spent Fuel at Surry Station

LCG, March 3, 2005--The Nuclear Regulatory Commission (NRC) has renewed Dominion Generation's license for its dry-cask independent spent fuel storage installation at the Surry nuclear power plant located near Surry, Virginia.

The renewal is exceptional in that it marks the first time that the NRC has renewed a license for a dry-cask spent nuclear fuel storage facility. Furthermore, the 40-year term of the renewal for spent fuel storage facilities represents an exemption from the NRC regulations that specify a 20-year license term. The NRC stated that the exemption is allowed for in that dry casks are an interim storage solution until a more permanent solution is available.

The renewal includes strict terms with respect to inspections and monitoring the aging and integrity of the casks. The current operating licenses for the two reactors extend through 2032 and 2033, respectively.

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