Latest news with #gridstability
Globe and Mail
04-08-2025
- Business
- Globe and Mail
NRG Closes on Texas Energy Fund Loan for 456 MW Natural Gas Generation Project
NRG Energy, Inc. (NYSE:NRG) executed a loan agreement with the Public Utility Commission of Texas (PUCT) and received initial funding for two new natural gas units at the company's existing TH Wharton power plant as a part of the Texas Energy Fund (TEF) Loan Program. The combined 456 MW nameplate capacity units are expected to start bringing reliable power to the constrained Houston load zone in Summer 2026. 'Demand for electricity across Texas is surging, and we're working quickly to supply new dispatchable natural gas generation to the grid,' said Robert J. Gaudette, Executive Vice President, President of NRG Business and Wholesale Operations. 'Our new units at TH Wharton will add lasting benefits to the surrounding community with the addition of jobs, enhanced grid stability and economic growth. We want to thank Governor Greg Abbott, the Texas Legislature and the PUCT for being great partners in helping power Texas forward.' As the state faces significant demand growth from rapid industrial expansion, AI-powered data centers, and residential development, the TH Wharton project will deliver much-needed, reliable power that Texans can depend on for decades to come. NRG is committed to serving the needs of Texans today and in the future. In addition to the TH Wharton project, NRG has two additional projects at its Cedar Bayou and Greens Bayou sites that are progressing through the TEF due diligence process. In total, NRG's TEF projects are estimated to bring over 1.5 GW of new natural gas generation to Texas by 2028, providing enough capacity to power over 1.5 million homes during the course of a year. About NRG NRG Energy, Inc. is leading the future of energy—now. Our solutions power a smarter, brighter future by helping customers achieve today's goals while solving for the challenges of tomorrow. Every day, we deliver innovative natural gas, electricity, and smart home solutions to customers large and small across North America. Visit for more information, and connect with us on Facebook, Instagram, LinkedIn, and X. Safe Harbor This communication contains forward-looking statements that may state NRG's or its management's intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as 'will,' 'expect,' 'estimate,' 'anticipate,' 'forecast,' 'plan,' 'believe' and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally.
Yahoo
04-08-2025
- Business
- Yahoo
NRG Closes on Texas Energy Fund Loan for 456 MW Natural Gas Generation Project
New facility to bring reliable, dispatchable power to Texas by 2026 HOUSTON, August 04, 2025--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) executed a loan agreement with the Public Utility Commission of Texas (PUCT) and received initial funding for two new natural gas units at the company's existing TH Wharton power plant as a part of the Texas Energy Fund (TEF) Loan Program. The combined 456 MW nameplate capacity units are expected to start bringing reliable power to the constrained Houston load zone in Summer 2026. "Demand for electricity across Texas is surging, and we're working quickly to supply new dispatchable natural gas generation to the grid," said Robert J. Gaudette, Executive Vice President, President of NRG Business and Wholesale Operations. "Our new units at TH Wharton will add lasting benefits to the surrounding community with the addition of jobs, enhanced grid stability and economic growth. We want to thank Governor Greg Abbott, the Texas Legislature and the PUCT for being great partners in helping power Texas forward." As the state faces significant demand growth from rapid industrial expansion, AI-powered data centers, and residential development, the TH Wharton project will deliver much-needed, reliable power that Texans can depend on for decades to come. NRG is committed to serving the needs of Texans today and in the future. In addition to the TH Wharton project, NRG has two additional projects at its Cedar Bayou and Greens Bayou sites that are progressing through the TEF due diligence process. In total, NRG's TEF projects are estimated to bring over 1.5 GW of new natural gas generation to Texas by 2028, providing enough capacity to power over 1.5 million homes during the course of a year. About NRGNRG Energy, Inc. is leading the future of energy—now. Our solutions power a smarter, brighter future by helping customers achieve today's goals while solving for the challenges of tomorrow. Every day, we deliver innovative natural gas, electricity, and smart home solutions to customers large and small across North America. Visit for more information, and connect with us on Facebook, Instagram, LinkedIn, and X. Safe HarborThis communication contains forward-looking statements that may state NRG's or its management's intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as "will," "expect," "estimate," "anticipate," "forecast," "plan," "believe" and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally. View source version on Contacts Media Erik Investors Brendan Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-08-2025
- Business
- Yahoo
Terra Firma Energy Limited Announces Successful Completion of Initial 6 Months Commercial Operation at Miners Road, Wrexham, Flexible Generation Site
LONDON, August 04, 2025--(BUSINESS WIRE)--Terra Firma Energy Limited (TFE) is delighted to announce that its 20.7MW Miners Road flexible generation site, located in Llay, Wrexham, United Kingdom, has successfully completed its first 6 months of commercial operations. The significant 6-month milestone has been achieved through the collective efforts of TFE's trusted partners. Blackstone Energy played a pivotal role in the development and delivery of the project, while Finning CAT provided the advanced hydrogen-ready generators that are critical to the site's success. The energy team at Close Brothers Asset Finance supported the project's financial structuring, enabling the realisation of this addition to the UK's energy infrastructure. Together, these partners have helped develop Miners Road into a fully operational facility now strengthening the local grid and meeting the UK's evolving energy demands. About Flexible Generation Plants Flexible power generation is crucial to maintaining grid stability and ensuring reliable energy supply in the UK. With the Miners Road site now operational, the focus shifts to Terra Firma Energy's long term optimisation partner, EDF (UK). Using their expertise, EDF have integrated the asset into the UK's wholesale and ancillary service markets, enabling it to provide secure and flexible power exactly when and where it's needed. This dynamic approach ensures that the facility not only enhances local energy resilience but also contributes to the nation's broader energy transition goals by complementing the variability of renewable energy sources. William Davies, Managing Director of Terra Firma Energy, commented: "Having successfully completed 6 months of commercial operation our Miners Road project is a testament to the collaborative efforts of our exceptional partners and the strength of our shared commitment to a sustainable energy future. With the baton passed to EDF (UK), our optimiser for the asset, we are confident that this site will play a vital role in providing flexible power solutions for the UK." For more news from Terra Firma Energy please click here Notes to Editors About Terra Firma Energy Limited Terra Firma Energy Limited are a privately owned U.K. based company operating in the development of renewable & sustainable energy projects. We design, develop & construct carefully sourced projects with the emphasis on making them a cleaner & more respectful source of energy production for future generations. Website - Home - Terra Firma Energy LinkedIn - YouTube - Facebook - Instagram - X - View source version on Contacts Terra Firma Energy LimitedHelen AletrasHead of PR and +44 (0)203 890
Associated Press
04-08-2025
- Business
- Associated Press
Terra Firma Energy Limited Announces Successful Completion of Initial 6 Months Commercial Operation at Miners Road, Wrexham, Flexible Generation Site
LONDON--(BUSINESS WIRE)--Aug 3, 2025-- Terra Firma Energy Limited (TFE) is delighted to announce that its 20.7MW Miners Road flexible generation site, located in Llay, Wrexham, United Kingdom, has successfully completed its first 6 months of commercial operations. This press release features multimedia. View the full release here: Terra Firma Energy's Miners Road, Wrexham flexible generation project successfully completes 6 months of operation. The significant 6-month milestone has been achieved through the collective efforts of TFE's trusted partners. Blackstone Energy played a pivotal role in the development and delivery of the project, while Finning CAT provided the advanced hydrogen-ready generators that are critical to the site's success. The energy team at Close Brothers Asset Finance supported the project's financial structuring, enabling the realisation of this addition to the UK's energy infrastructure. Together, these partners have helped develop Miners Road into a fully operational facility now strengthening the local grid and meeting the UK's evolving energy demands. About Flexible Generation Plants Flexible power generation is crucial to maintaining grid stability and ensuring reliable energy supply in the UK. With the Miners Road site now operational, the focus shifts to Terra Firma Energy's long term optimisation partner, EDF (UK). Using their expertise, EDF have integrated the asset into the UK's wholesale and ancillary service markets, enabling it to provide secure and flexible power exactly when and where it's needed. This dynamic approach ensures that the facility not only enhances local energy resilience but also contributes to the nation's broader energy transition goals by complementing the variability of renewable energy sources. William Davies, Managing Director of Terra Firma Energy, commented: 'Having successfully completed 6 months of commercial operation our Miners Road project is a testament to the collaborative efforts of our exceptional partners and the strength of our shared commitment to a sustainable energy future. With the baton passed to EDF (UK), our optimiser for the asset, we are confident that this site will play a vital role in providing flexible power solutions for the UK.' For more news from Terra Firma Energy please click here Notes to Editors About Terra Firma Energy Limited Terra Firma Energy Limited are a privately owned U.K. based company operating in the development of renewable & sustainable energy projects. We design, develop & construct carefully sourced projects with the emphasis on making them a cleaner & more respectful source of energy production for future generations. Website - Home - Terra Firma Energy LinkedIn - YouTube - Facebook - Instagram - X - View source version on CONTACT: Terra Firma Energy Limited Helen Aletras Head of PR and Communications. Tel: +44 (0)203 890 3116. [email protected] KEYWORD: EUROPE IRELAND UNITED KINGDOM INDUSTRY KEYWORD: OTHER ENERGY UTILITIES ENVIRONMENTAL POLICY OIL/GAS FINANCE ENVIRONMENTAL ISSUES ENVIRONMENTAL HEALTH ALTERNATIVE ENERGY ENERGY PROFESSIONAL SERVICES ENVIRONMENT SUSTAINABILITY GREEN TECHNOLOGY CLIMATE CHANGE SOURCE: Terra Firma Energy Limited Copyright Business Wire 2025. PUB: 08/03/2025 08:00 PM/DISC: 08/03/2025 08:00 PM
Reuters
23-07-2025
- Business
- Reuters
Iberdrola expects no financial impact from potential blackout claims
MADRID, July 23 (Reuters) - Iberdrola ( opens new tab does not expect any financial impact from potential compensation claims in relation to the blackout that hit Spain and Portugal on April 28, Spain's biggest power utility said as it reported half-year results on Wednesday. Redeia-owned ( opens new tab grid operator REE has accepted that the outage was triggered by a surge in voltage but has traded blame with power utilities for the blackout, which caused massive gridlock in cities and left thousands stranded on trains and in elevators across the Iberian peninsula. Internal and external experts analysed the event and concluded that companies within the Iberdrola group were not the cause of the blackout, "nor did they contribute in any way to the occurrence", the company said. Its power and distribution assets contributed effectively to the restoration of electricity supply, the company added. While denying any liability for the power outage, Iberdrola said that any potential claims would be covered by civil liability insurance policies. The group has yet to receive any legal claims related to the blackout. However, Iberdrola did report that the blackout contributed to a one-off hit of 135 million euros ($158 million) in the first half of the year, citing higher costs of services that help to maintain grid stability. The company also reported a 25 million euro charge in Portugal for similar reasons. ($1 = 0.8527 euros)
