Positive Industry News and Events
Power
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in PowerOklo Announces Fuel Recycling Facility as First Phase of up to $1.68 Billion Advanced Fuel Center in Tennessee
Nation’s first privately funded facility to recycle used nuclear fuel will help reduce costs, create jobs, and establish a durable U.S. fuel supply OAK RIDGE, Tenn.–(BUSINESS WIRE)– Oklo Inc. (NYSE: OKLO) (“Oklo”), an advanced nuclear technology company, today announced plans to design, build, and operate a fuel recycling facility in Tennessee as the first phase… More
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in PowerWood Agrees Sale of North American Transmission & Distribution Engineering Business to Qualus for $110 Million
Aug 29: John Wood Group PLC (“Wood” or the “Company”) announces that it has reached an agreement to sell its North American Transmission & Distribution engineering business (“North America T&D”) to Qualus LLC and 2737813 ALBERTA LTD (together, “Qualus”), for cash consideration of $110 million, subject to customary closing adjustments (the “Transaction”). About North America… More
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in PowerGoogle, Kairos Power, TVA Partner to Advance Nuclear Power for America’s Growing Energy Needs
Google, Kairos Power, and the Tennessee Valley Authority (TVA) announced on August 18, 2025, a landmark partnership to accelerate the deployment of advanced nuclear energy in the United States. The agreement centers on Kairos Power’s Hermes 2 Plant in Oak Ridge, Tennessee, which will provide up to 50 megawatts (MW) of reliable, around-the-clock clean power… More
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in PowerVopak Enters Battery Storage With Launch of VEST in Texas
Vopak formally launched its first energy storage facility in the United States earlier this year, marking the company’s entry into the electricity storage market. The project, known as Vopak Energy Storage Texas (VEST), is located in Damon, Texas, and represents a joint venture between Vopak North America and Sable Power & Gas. The facility operates… More
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in Power$216 Million Loan: NRG Closes on Texas Energy Fund Loan for 456 MW Natural Gas Generation Project
New facility to bring reliable, dispatchable power to Texas by 2026 HOUSTON–(BUSINESS WIRE)–Aug. 4, 2025– NRG Energy, Inc. (NYSE:NRG) executed a loan agreement with the Public Utility Commission of Texas (PUCT) and received initial funding for two new natural gas units at the company’s existing TH Wharton power plant as a part of the Texas… More
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in PowerDuke Energy announces sale of its Tennessee Piedmont Natural Gas business to Spire for $2.48 billion
Transaction expected to close Q1 2026 Proceeds help efficiently fund Duke Energy’s $83 billion five-year capital plan CHARLOTTE, N.C. – Duke Energy (NYSE: DUK) today announced it reached an agreement to sell its Piedmont Natural Gas Tennessee local distribution company business for $2.48 billion in cash to Spire Inc. (“Spire”) – one of the largest… More
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in Power$1.2 Billion Infrastructure Investment: Calpine & CyrusOne Announce Thad Hill Energy Center Powered Land to Support Hyperscale Data Center Development in Texas
HOUSTON and DALLAS, Texas – July 30, 2025 – Houston-based Calpine Corporation today announced a new 190-megawatt (MW) agreement with Dallas-based CyrusOne, a leading global data center developer and operator, to serve a new data center adjacent to the Thad Hill Energy Center in Bosque County, Texas. The deal secures power, grid connection, and land… More
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in PowerOklo Selects Kiewit as the Lead Constructor for First Aurora Powerhouse in Idaho
07/15/2025 : SANTA CLARA, Calif.–(BUSINESS WIRE)– Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, announced today that it has selected Kiewit Nuclear Solutions Co. as the lead constructor for its first commercial Aurora powerhouse in Idaho, at Idaho National Laboratory (INL). Under a newly executed Master Services Agreement, Kiewit Nuclear Solutions Co. (Kiewit), a… More
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in Power, Downstream NewsTexas Approves First Energy Fund Loan for 122 MW Natural Gas Facility – 20-year loan of up to $105 million
Texas Governor Greg Abbott announced this week the state’s first-ever Texas Energy Fund (TEF) loan agreement, which will support the development of a 122-megawatt natural gas power plant in Colorado County. The Rock Island Generation Project, sponsored by the Kerrville Public Utility Board (KPUB), is set to supply dispatchable electricity near the Houston metropolitan area,… More
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