NRG Energy, GE Vernova & Kiewit Enter Electricity Generation JV

NRG Energy, GE Vernova and The Industrial Company, a subsidiary of Kiewit, entered into a new venture aimed at bringing new electricity generation capacity to market “in response to growing demand for computing power and generative AI.”

• Initially, the venture will work to advance four projects totaling over 5 gigawatts of efficient, new natural gas combined cycle power plants for the ERCOT & PJM markets
• The first 1.2GW is expected to commence commercial operation in 2029 with two 7HA gas turbines secured under a slot reservation agreement with GE Vernova
• Subsequent projects will be targeted to come online through 2032 ...