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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

LS Power Announces New PPA for Plum Point Project

LCG, December 8, 2006--Plum Point Energy Associates, LLC ("Plum Point") announced yesterday that it has executed its second power purchase agreement (PPA) this week associated with the 665-MW Plum Point Project located near Osceola, Arkansas. The latest PPA is a 30-year agreement for 70 MW with Southwestern Electric Cooperative, Inc. ("SWECI"). LS Power announced that this PPA closes out subscription on the 665 MW facility.

The Plum Point Project is a greenfield, coal-fired power project. Construction began in March of this year, and commercial operations are scheduled to commence in mid-2010.

Earlier this week, LS Power announced that it had signed a 50 MW, 30-year PPA with Missouri Joint Municipal Electric Utility Commission ("MJMEUC"). Plum Point announced in August that it had signed a 200 MW, 30-year PPA with South Mississippi Electric Power Association. LS Power also states that it has a 30-year PPA for 50 MW with The Empire District Electric Company.

LS Power has previously announced that it has sold tenancy in common interests in the project to East Texas Electric Cooperative, Inc., the Missouri Joint Municipal Electric Utility Commission, the Empire District Electric Company, and the Municipal Energy Agency of Mississippi. Furthermore, it has stated that it retains a 62.85% ownership interest in the project.

Plum Point is a a member of the LS Power Group. On September 15, 2006, the LS Power Group and Dynegy, Inc. announced a merger transaction involving certain assets of the LS Power Group, including the Plum Point Energy Station, and Dynegy, Inc.'s assets.
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