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TerraPower Announces Start of Construction on First Utility-Scale Advanced Nuclear Plant in Wyoming

LCG, April 23, 2026--TerraPower announced today the official start of construction on its Kemmerer Unit 1 nuclear power plant, which could be the first utility-scale advanced nuclear power plant in the United States. In early March, the Nuclear Regulatory Commission (NRC) announced that it had authorized the staff to issue a construction permit for Unit 1 commercial nuclear power plant in Kemmerer, Wyoming.

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TVA Announces Two Energy Storage Agreements Totaling 425 MW/1,700 MWh

LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.

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Industry News

Spanish Endesa Won't Bid for Brazil's Copel

LCG, Oct. 9, 2001--Spanish global energy company Endesa said yesterday it would not bid in the privatization sale of integrated utility Companhia Paranaense de Energia, commonly called Copel, by the southern state of Parana.

Endesa joins Electricit de France in withdrawing from the auction, placing the sale in doubt. "The market is full of uncertainty about whether Copel's auction would happen at all after Endesa's pullout," said an official of a Brazilian bank.

Between 76.5 percent and 90 percent of the voting stock in Copel will be sold in an auction on October 31, depending on how many of the company's minority shareholders participate in a government offer to buy their shares for inclusion in the auction.

But yesterday's announcement by Endesa knocked almost 10 percent off Copel's market capitalization on the Brazilian stock market.

The government of Parana, which will sell 76.5 percent of Copel's voting stock, has placed a minimum price of 4.32 billion rials ($1.6 billion U.S.) on the stake.

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