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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

British Energy Willi Receive Government Loan

LCG, Sep. 9, 2002--The struggling British Energy will be the recipient of a £410 million ($640 million) loan from the U.K. government, to be repaid with interest by September 27th, according to the Department of Trade and Industry (DTI).

An official who spoke on condition of anonymity said that an extension of the loan had not been expressly ruled out. A deal that had been under discussion between British Energy and British Nuclear Fuels Limited (BNFL) would have lowered British Energy's cost of processing spent nuclear fuel by about $476 million annually. The Treasury, however, blocked the deal at the last minute, under protest by the DTI.

The cost of processing fuel is a delicate issue, as some in the government have considered whether the fuel might be stored instead. Such a change would severely impact BNFL, which is experiencing its own financial difficulties. BNFL lost $3.6 billion last year.
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