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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

AES to Buy Second Ukraine Electric Distributor

LCG, May 3, 2001--AES Corp. said this morning that it has won a bid for about $23.2 million to purchase a 75 percent controlling interest in Rivenoblenergo, the electric distribution company that serves the Rivno region of Ukraine, about 125 miles from the capital city of Kiev.

Rivenoblenergo, which serves about 383,000 customers, is one of six distribution companies that are being privatized this spring by the Ukrainian government. The remaining 25 percent of the business is either publicly traded or owned by employees of the company.

AES said completion of the deal is subject to execution of a sale and purchase agreement.

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