Search Results

KPP Energy’s PACE solar project continues to move forward at a rapid clip and a significant number of milestones were achieved recently, KPP Energy reported in the December issue of its KPP Lightning Round newsletter.

The U.S. Department of Energy on Jan. 8 announced up to $13 million is available to industry through a new Advanced Nuclear Energy Licensing Cost-Shared Grant Program.

The Federal Energy Regulatory Commission in December issued an order accepting a transmission construction service agreement between AES Ohio and Amazon Data Services that is tied to a large data center to be constructed in Ohio.

In a move intended to help respond to growing electricity demand in the U.S., the National Electrical Manufacturers Association has launched a new standard to assist in meeting this challenge by establishing clear performance expectations for battery energy storage systems to assist data center developers and other end users “in making informed decisions about which BESS products to deploy to improve reliability and resilience and power economic development.”

Los Angeles Department of Water and Power crews continued to work around the clock to restore power and support firefighting efforts tied to a windstorm, it said on Jan. 9.

Constellation and Calpine Corp. on Jan. 10 announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion, composed of 50 million shares of Constellation stock and $4.5 billion in cash plus the assumption of approximately $12.7 billion of Calpine net debt.

Investment funds managed by KKR, a global investment firm, and the Public Sector Pension Investment Board, one of Canada’s largest pension investors, announced an agreement to acquire a 19.9% interest in American Electric Power’s Ohio and Indiana & Michigan transmission companies for $2.82 billion.

The U.S. Department of Energy’s Loan Programs Office announced a conditional commitment for a loan guarantee of up to $1.76 billion (including up to $279 million in capitalized interest) to GEM A-CAES, LLC for the Willow Rock Energy Storage Center, an advanced compressed air energy storage system (A-CAES) in Eastern Kern County, California.