Blue Energy and GE Vernova announced a collaboration to develop the world's first combined gas and nuclear power plant in Texas, aiming to meet rising U.S. electricity demand driven by AI and advanced manufacturing. The project will use GE Vernova's BWRX-300 small modular reactor and gas turbines, with plans to start early gas-powered operations by 2030 and switch to nuclear power by 2032. This approach could cut nuclear plant construction time to 48 months or less, offering a faster, more affordable energy solution. Blue Energy plans a final investment decision in 2027 and will apply for a construction permit the same year.
The U.S. Department of Energy's National Nuclear Security Administration chose Amentum to negotiate a lease for a 1-gigawatt AI data center paired with 2 gigawatts of on-site power generation at the Savannah River Site. The project will initially use...
Constellation Energy's venture arm has made its first equity investment in Blue Energy, a U.S. developer of advanced small modular reactors (SMRs). This move supports Blue Energy's efforts to scale nuclear power projects using a gas-to-nuclear model ...
The analyst reiterates a Strong Buy rating on GE Vernova following strong Q2 2026 results that highlight a shift in the AI infrastructure market from chips to electricity. Key growth drivers include increased demand for gas turbines, capacity expansi...
GE Vernova reported Q2 2026 earnings with an EPS of $2.47, missing the consensus estimate of $3.17, while revenue rose 22% year-over-year to $11.10 billion, beating expectations. Despite strong top-line growth and an upgraded full-year outlook, share...
