NRG Energy Inc. on Feb. 26 joined GE Vernova and TIC-The Industrial Company, a subsidiary of Kiewit Corporation, in announcing a new venture aimed at rapidly bringing new electricity generation capacity to market in response to growing demand for computing power and generative artificial intelligence.
The U.S.-based venture “combines the strengths of a power generation and wholesale company/developer, original equipment manufacturer, and engineering, procurement and construction (EPC) company to deliver quality, certainty and speed in powering GenAI capability,” they said. “Through their innovative efforts and focus on efficient practices, these industry leaders aim to shorten the concept-to-electron timeline, ensuring that electricity generation capacity is quickly brought online to help meet demand.”
Initially, the venture will work to advance four projects totaling over 5 gigawatts of efficient, new natural gas combined cycle power plants for the Electric Reliability Council of Texas and PJM Interconnection 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. The model is replicable and scalable, with the potential to fill a future pipeline of 10-15GW and expand to other areas across the U.S., the companies said.
“GE Vernova is honored and excited that NRG has selected to own and operate our industry-leading 7HA gas turbine technology as they continue to increase their ability to serve their customers,” said Dave Ross, President & CEO, GE Vernova’s Gas Power business in the Americas.
