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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

Newsmakers

Thomas R. Heischman has been named senior vice president for construction management by PG&E National Energy Group. He most recently was a manager with the engineering firm Stone and Webster.

Margaret M. Pego will become vice president for human resources of Public Service Enterprise Group Inc. begining in February. She will replace Pete Mellett who will retire from his post after 41 years with the company. Pego has worked in human resources at PSEG for 27 years.

Stephen P. Reynolds has been elected president and chief executive of Puget Energy Inc., succeeding William S. Weaver, who last summer announced his plans to retire after a 33-year association with the company. Weaver remains chairman. Reynolds has been president and chief executive of advisory firm Reynolds Energy International since 1998.

Harry Stephens has been appointed to the position of president and chief executive officer of Avista Corp. affiliate Avista Advantage. Stephens replaces president and chief executive officer Gerry Crooks, who will serve in the newly created position of founder and chief strategic officer. Crooks was a founder of Avista Advantange in 1979.

Craig R. Frew, president of the Iroquois Gas Transmission System, has been named chairman of the New England Gas Association. Frew, who joined NEGA in 1994, succeeds Russell D. Wright as chairman.

Joseph Hirl has been named senior vice president -- trading and marketing, of Progress Ventures, the subsidiary of Progress Energy. Hirl was most recently president of Enron Japan, involved in multi-commodity merchant trading and derivatives.

Daniel E. Pfeiffer joins Balaton Power Inc. as Vice President of Operations. He comes to Balaton from Avista Corp., where he was Federal Issues Manager.

Clint Wetmore and John Works have joined the producer finance division of Shell Capital Inc.. Wetmore will serve as a vice president of business development. He previously served as vice president of marketing with Madison Energy Advisors. Works joins Shell Capital as a vice president responsible for international projects. He was most recently president and chief executive officer of Rompetrol, an integrated energy company in Romania.

Frank L. "Hank" Waters has been named vice president, Ashland Inc., and president of Ashland Distribution Company. He was most recently vice president and general manager of the Ashland plastics division of Ashland Distribution Company. Waters succeeds Peter M. Bokach in both positions. Bokach joined Ashland in 1973.

Ben Anderson has resigned as president and as a director of Canada Southern Petroleum Ltd. to pursue other interests. Anderson will act as a consultant to the company for six months. Randy Denecky will serve as acting president until a successor to Anderson is selected.

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