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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

Canadian Plan Could Put Some Gas Wells Off-Limits

LCG, July 7, 2003--The announcement by the Alberta Energy and Utilities Board (AEUB) that gas wells in northestern Alberta could be shut in led to a three-day gathering last week of gas producers and developers of oilsands for hearings by the board.

In many locations, natural gas and oilsands are found layered on top of one another, and therefore, those planning to extract either resource will be affected by the final decision. Based on current scientific knowledge, the degree to which they would be harmed or benefitted is under debate. The board bases its proposal on the idea that extraction of gas will decrease pressure that is needed to extract oilsands.

Various oilsands developers are on opposite sides over the decision, which would affect roughly 900 wells, or 2 per cent of Alberta's remaining reserves. Some developers of oilsands, such as Imperial Oil, Petro-Canada and Nexen Inc., do not oppose the plan. Some of these companies would plan to use steam to force oilsands out of the ground. Petro-Canada is concerned that if the proposal is not enforced, the company could lose the ability to extract between 600 million and 1.5 billion barrels.

The question of how the board arrived at its decision and whether it was fair was raised by Paramount Energy Trust, which has said compensation awarded for the loss of its access to gas wells could be substantial. Petrocan estimates the bitumen deposits' value greatly outweighs the value of natural gas, representing "over a trillion dollars' worth of bitumen".
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