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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

Enel Buys 40% Stake in Camuzzi Gazometri

LCG, Oct. 17, 2001--Italy's government-owned electric utility Enel yesterday acquired a 40 percent stake in Camuzzi Gazometri for 434 million euros ($400 million U.S.), the Financial Times reported this morning.

Enel, which wants to be all utilities to all Italians, providing service under one brand name for electricity, gas, water and telecommunications, made its first purchase in the natural gas sector last June. It has since gobbled up 13 gas distribution companies.

The stake in Camuzzi Gazometri, which it has the option of expanding to 100 percent by the end of next year, will make Enel Italy's second largest gas distributor after Gruppo Italgas.

Enel bought its 40 percent stake from Mill Hill Investments, Camuzzi Gazometri's controlling shareholder. The Financial Times says the acquisition means Enel could achieve its target of acquiring 2 million residential natural gas customers by the end of next year - two years ahead of its original target date.

According to the paper, Enel and Mill Hill investments have put in a place a series of management mechanisms to ensure that Camuzzi is managed "in their common interest". The agreement gives Mill Hill an option to buy back its 40 per cent stake by October of next year at a price that is 25 per cent above Tuesday's sale price, the report said.

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