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Constellation and Google Announce Strategic Collaboration that Includes 890 MW of New Nuclear Capacity to PJM Grid

LCG, October 6, 2026--Google and Constellation Energy today announced a long-term strategic clean energy collaboration to bring 890 MW of new, reliable, carbon-free nuclear capacity onto the PJM Interconnection grid to meet growing demand and increase grid reliability. The first uprate is expected to be delivered by 2028.

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Department of Energy Announces $4.2 Billion Investment to Boost Nuclear Power in Pennsylvania and Ohio

LCG, October 5, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) today announced a conditional loan commitment of up to $4.2 billion to finance nuclear uprates and modernization across Vistra’s nuclear fleet in Pennsylvania and Ohio. The projects are expected to preserve nearly 4 GW of carbon-free, baseload power and add 433 MW of new nuclear capacity that will support the growing electricity demand across the PJM region.

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Industry News

NextEra Advances Financing for 250-MW Solar Project in California

LCG, August 30, 2011--NextEra Energy Resources, LLC, announced yesterday that its subsidiary, Genesis Solar, LLC, has closed on construction and term financing consisting of $702 million in project bonds, a $150 million project term loan facility and an $83 million project letter of credit facility for a 250-MW concentrating solar thermal generating facility located in Riverside County, California. In addition, the U.S. Department of Energy (DOE) provided a loan guarantee of 80 percent of the principal and interest on the project bonds and project term loan under its Financial Institution Partnership Program for the project.

The Genesis Solar Energy Project is a concentrating solar power (CSP) project that includes two, 125-MW power block facilities that will incorporate parabolic trough solar thermal technology. Over 500,000 parabolic mirrors will be assembled in rows located on about 1,800 acres in the Sonoran Desert. Power will be generated from steam turbine generators receiving steam from solar steam generators that use a heat-transfer fluid exposed to the sun in arrays of parabolic mirrors.
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