Blackstone Power Investment, U.K. SMR Site: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

POWER
Blackstone to Invest $1.2 Billion in West Virginia Power Plant - Blackstone (New York, New York) said on Thursday its unit would invest about $1.2 billion to build a power plant in West Virginia, as the asset manager steps up efforts to meet surging electricity demand from artificial intelligence and industrial growth. A look at Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database reveals Quality Technology Services (Overland Park, Kansas), which Blackstone acquired for $10 billion in 2021, plans to build a data center in the state, the first phase of which is expected to begin operations in 2027. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)

U.K. Selects North Wales for First SMR Deployment - Britain last week selected North Wales for its first small modular reactor (SMR) on Thursday, angering the United States, which had wanted a large, U.S.-led plant built there as part of its greater involvement in the U.K.'s energy sector. The decision to choose Wylfa on Anglesey, an island in North Wales that was home to an old nuclear station, for an SMR drew the ire of the U.S., which earlier this month formed a strategic partnership with Westinghouse (Cranberry Township, Pennsylvania) to help financing and secure permits for the company's reactors. In return, the U.S. will take a share of Westinghouse's profits after certain milestones are met, with the possibility of taking a 20% equity stake in the company in the future. The U.S. was hoping that the U.K. would install one of Westinghouse's reactors at the site. (Reuters)

PRODUCTION
Norway Loses Oilfields Appeal Case - A Norwegian appeals court ruled on Friday that three offshore oilfield development permits issued by the government were invalid due to a lack of environmental consideration, but gave the state six months to rectify shortcomings. Production from the fields, meanwhile, would be allowed to continue, the court said. One of the reasons the court did not immediately stop production was to ensure Norway continued to deliver stable oil and gas to Europe, it said. Two fields, Breidablikk and Tyrving, are already producing, while Yggdrasil, Norway's largest offshore petroleum project since 2019, is scheduled to come on stream in 2027. Subscribers to Industrial Info's GMI Production Project Database can learn more by viewing the related project reports on the Yggdrasil development. (Reuters)

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About IIR Energy

Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info Resources

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).