DOE Approves Funding for Palisades Nuclear Plant Restart

DOE Approves Funding for Palisades Nuclear Plant Restart

The U.S. Department of Energy (DOE) approved a second $56.8 million disbursement to Holtec for restarting the Palisades Nuclear Plant in Michigan, part of a $1.52 billion loan guarantee. The plant, set to be the first restarted U.S. commercial nuclear reactor, is...
Renewables Continue to Drive U.S. Power Growth

Renewables Continue to Drive U.S. Power Growth

The U.S. Energy Information Administration’s latest Short-Term Energy Outlook predicts continued growth in renewable energy, particularly solar and wind, as key drivers of U.S. power generation over the next two years. The electric power sector is expected to...
Global Coal Demand Peaks

Global Coal Demand Peaks

Global coal demand hit a record 8.77 billion metric tons in 2024, led by China and India, while the U.S. and Europe saw declines, according to a report released by the International Energy Agency (“IEA”) in December. China consumes 30% of global coal, and India’s use...
Constellation to Acquire Calpine for $16.4 billion

Constellation to Acquire Calpine for $16.4 billion

Constellation has announced an agreement to acquire Calpine Corp. for approximately $16.4 billion in cash and stock. The net purchase price could reach $26.6 billion after accounting for cash generated by Calpine before closing as well as the value of tax attributes...
BOEM Moves Forward with Gulf Offshore Wind Leases

BOEM Moves Forward with Gulf Offshore Wind Leases

The Bureau of Ocean Energy Management (BOEM) has announced a Determination of Competitive Interest for two Wind Energy Areas (WEAs) in the Gulf of Mexico, which was published in the Federal Register on December 13, 2024. This decision follows competitive proposals...