The US Department of Energy closed a $5.1 billion loan to Alliant Energy for new natural gas plants, storage, and upgrades in Iowa and Wisconsin. The package will add more than 2.6 gigawatts of capacity and hundreds of construction jobs.
Any reduction in electricity costs would likely take many years because the loans extend over decades.
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Amazon has signed an agreement with X-energy and American Electric Power to fund a nuclear plant in Indiana that would supply up to 960 megawatts. The project targets 12 advanced reactors and forms part of a broader plan to add more than 5 gigawatts of nuclear capacity by 2039.
Google has contracted for power from Constellation Energy, with new nuclear energy accounting for about a quarter of the supply. The 20-year deal will enable more than $4.3 billion in new investment and upgrades at 11 nuclear units in the PJM grid.
Rebirth Group is fighting eviction from its Normandy factory over unpaid rent, a homeowner personally put out a solar panel fire in Moselle, and German lab tests revealed usable-capacity shortfalls in 16 home batteries. The stories illustrate the practical frictions that continue to accompany the energy transition.
General Fusion completed its SPAC merger with Spring Valley Acquisition Corp. III on July 10, 2026, becoming the first publicly traded fusion company. Shares will begin trading on Nasdaq under GFUZ on Monday after an earlier $1 billion deal announcement that followed layoffs and a CEO funding plea, plus a new Italy deployment partnership with Renexia, though significant technical hurdles remain.
The Department of Energy has authorized PJM to require data centers to use backup power during a heat wave straining the grid this week. The move highlights growing electricity demand from AI-driven data centers in a region with the world's largest concentration of such facilities.
