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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

New York PSC Directs RG&E to Contract for Power from R.E. Ginna Nuclear Power Plant

LCG, November 17, 2014-The New York Public Service (PSC) ordered Rochester Gas & Electric (RG&E) to negotiate a power purchase agreement (PPA) for electricity generated from the R.E. Ginna Nuclear Power Plant, which is owned by Constellation Nuclear Energy Group, a subsidiary of Chicago-based Exelon.

Constellation had petitioned for assistance from the PSC, stating that it had lost $100 million over the last three years and that it has forecast revenue shortfalls after the contract with RG&E expired at the end of last June. Exelon stated to the PSC, "Projected market revenues are insufficient to support the Ginna facility's continued operation."

Under the expired contract, RG&E purchased 90 percent of the power generated from the 581-MW nuclear power plant. After the expiration, Constellation has to accept competitive market prices. With relatively low natural gas prices and low market prices for electricity, the non-carbon emitting nuclear facility could be uneconomic to run, which could then lead to the closure of the facility. Based on a study released last month, closure of the base load, 44-year old nuclear facility, located 22 miles northeast of Rochester, could increase grid reliability risks.

The PSC stated that, with its order, it is acting to protect grid. The Chair of the PSC would like to develop a solution to maintain grid reliability until an alternative can be implemented.

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