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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

FirstEnergy Completes Sale of Hydroelectric Power Stations with a Combined Capacity of 527 MW

LCG, February 13, 2014--FirstEnergy Corp. announced yesterday that it has completed the sale of 11 hydroelectric power stations to Harbor Hydro Holdings, LLC, a subsidiary of LS Power Equity Partners II, LP, for approximately $395 million.? The total capacity of the hydroelectric facilities is 527 MW and represents less than 3 percent of FirstEnergy's generation fleet output. The sale includes the Seneca Pumped-Storage Hydro Plant (451 MW), located in northwestern Pennsylvania.

FirstEnergy announced its interest to sell the plants in May 2013, with the intent to use the sales proceeds to reduce debt. A sales agreement with Harbor Hydro Holdings was reached in August 2013, and FirstEnergy applied for authorization from the Federal Energy Regulatory Commission (FERC) to sell the hydroelectric power stations in September 2013.

The hydroelectric power stations included in this sale are owned by FirstEnergy Generation, LLC, Allegheny Energy Supply Company, LLC and Green Valley Hydro, LLC. The sale includes the following facilities: Seneca Pumped-Storage (451 MW) in Warren, Pennsylvania; Allegheny Lock & Dam 5 (6 MW) in Schenley, Pennsylvania; Allegheny Lock & Dam 6 (7 MW) in Ford City, Pennsylvania; Lake Lynn (52 MW) in Lake Lynn, Pennsylvania; Millville (3 MW) in Millville, West Virginia; Dam 4 (2 MW) in Shepherdstown, West Virginia; Dam 5 (1.2 MW) in Falling Waters, West Virginia; Warren (750 kW) in Front Royal, Virginia; Luray (1.6 MW) in Luray, Virginia; and Shenandoah and Newport (860 kW and 1.4 MW, respectively) in Shenandoah, Virginia.

FirstEnergy subsidiary Allegheny Generating Company continues to own 1,200 MW of the 3,000 MW Bath County Pumped-Storage Hydro facility in Warm Springs, Virginia. In addition, FirstEnergy subsidiary Jersey Central Power & Light (JCP&L) continues to own 200 MW of the 400 MW Yards Creek Pumped-Storage Hydro facility in Blairstown, New Jersey.
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