Utility Dive•about 1 month ago
NRG aims for 2026 next step in 5.4-GW gas deal with GE Vernova, Kiewit
Key Takeaway
NRG's massive investment in over 18 GW of natural gas generation, through both new builds and acquisitions, signals a continued and significant role for gas in grid capacity and reliability, with regulatory approvals paving the way for market consolidation.
AI Summary
- •NRG is advancing a 5.4 GW natural gas generation deal with GE Vernova and Kiewit, targeting a 2026 next step.
- •NRG is set to acquire an additional 12.9 GW of natural gas assets from LS Power, following FERC approval.
- •This represents a significant expansion of NRG's natural gas fleet, totaling over 18 GW through new builds and acquisitions, indicating a strong market signal for gas-fired generation capacity.
Topics
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