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Arbor Signs Agreement with GridMarket for 5 GW of Baseload Power

LCG, March 25, 2026--Arbor Energy today announced an agreement with GridMarket, an energy and infrastructure project facilitator, to deliver up to 5 GW of zero-emission power starting in 2029. GridMarket supports large energy users, including data centers, manufacturers, and logistics providers, with securing reliable and cost-effective power.

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Faster-than-Expected Data Center Load Growth May Cause Increased Regional Short-term Fossil Fuel Generation and Wholesale Electricity Prices

LCG, March 18, 2026--The EIA released a new "In-depth Analysis" of the potential impact of faster-than-expected near-term growth in data center power demand on power generation and wholesale prices on March 12. The analysis models the lower 48 states through 2027 and compares results to its base case scenario. Key takeaway from this sensitivity analysis is the potential increase in fossil fuels in some regions and potentially a significant increase in wholesale prices in ERCOT.

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Industry News

FootPrint Power Hires Iberdrola to Construct Combined-Cycle Plant in Salem

LCG, December 16, 2014-Iberdrola USA announced Friday that its sister company, Iberdrola Engineering and Construction, has been hired by Footprint Power of Bridgewater, New Jersey to build a 674-MW combined-cycle electric generating facility in Salem, Massachusetts. Iberdrola Engineering will be responsible for all engineering, construction, commissioning, and site work for the project. The new, gas-fired facility will incorporate GE's Flex-Efficiency design.

"With new EPA carbon emission rules on the horizon, this new, quick-start combined-cycle plant will provide much needed low-emission power for New England," said Iberdrola USA's chief corporate officer. "As we increase the use of renewable energy resources in the region, this plant will also provide critical balancing services to supplement the growing renewable generation fleet."

The announcement follows a recent Federal Energy Regulatory Commission (FERC) action granting Footprint Power a one-year deferment on its five-year obligation to generate electricity from its project. Some local residents have opposed the plant, slowing the project and threatening to push the on-line date to beyond the five-year window. The target on-line date had been June 2016; however, the date is now pushed back until June 2017. The estimated construction period for the project is 30 months.

Footprint Power's President & Chief Operating Officer stated, "We are moving forward on that front as quickly as possible. This order being granted allows us to move forward on those fronts and to finalize all agreements and transactions."

The power plant will be built at a 65-acre waterfront site now occupied by the decommissioned coal-and-oil-fired Salem Harbor Station generating plant. The much smaller footprint of the gas plant will make available a large parcel of waterfront property for future recreation, retail and commercial development.
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