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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

Start-up Delayed for Finnish Nuclear Plant

LCG, January 14, 2009--The Areva-Siemens Consortium stated yesterday that the Olkiluoto 3 nuclear power plant unit is now not scheduled for completion until 2012. The initial target for completing the Finnish project was 2009.

Finnish utility Teollisuuden Voima (TVO) stated that the Areva-Siemens Consortium, the turn-key supplier of the 1,600-MW nuclear power plant, filed an arbitration request over delays and overruns in the Olkiluoto 3 project and that the completion date has been delayed until June 2012.

The power plant incorporates AREVA's European Evolutionary Power Reactor (EPR). In the United States, Areva is acting to develop a fleet of nuclear reactors using AREVA's U.S. EPR design, which is a Generation III+ design based upon AREVA's European EPR.

In December 2007, AREVA filed its design certification application for the U.S. EPR with the Nuclear Regulatory Commission (NRC), and the NRC accepted the application for review in February 2008.
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