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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

AEP, Power Agency to Expand Texas Grid

LCG, May 24, 2001American Electric Power Co. and the Lower Colorado River Authority yesterday reached a tentative agreement to spend $500 million over the next five year to expand the electric power transmission system service southwestern Texas.

The program, which will require approval by the Public Utilities Commission of Texas, is aimed at improving capacity on the system to accommodate 27 new power plants that will add 14,000 megawatts of generation to the Texas grid in the next few years.

The joint venture, which was approved by the LCRA's directors yesterday, expects to have a final agreement in place next month. Robert Cullick, a spokesman for the LCRA, said "We expect to have a final negotiated contract in June and hope to start construction on specific projects by the end of the summer."

In an assessment of transmission systems earlier this year, the North American Electric Reliability Council said Texas' transmission grid, though in better shape than those in California and New England, was in need of improvement. Cullick agreed, saying "There are some bottlenecks. By expanding existing lines and building new ones we hope to relieve some of these bottlenecks."

In addition to expanding capacity on existing lines and building new ones, the program calls for upgrading substations, adding new connections and making other improvements.

Under the joint venture between AEP and LCRA, the Authority will own the new facilities and AEP will operate and maintain them. Because of its tax-exempt status, LCRA will be able to finance the improvements at lower cost than could a private company.

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