What happens when an IPP, an OEM and an EPC come together to bring new generation capacity online?
It’s not the start of a joke, but rather an innovative partnership.
NRG Energy joined GE Vernova and The Industrial Company (TIC), a subsidiary of Kiewit, in announcing a new collaboration aimed at deploying new power generation projects to meet the growing demand for computing power and generative AI (GenAI). These companies aim to “shorten the concept-to-electron timeline.”
Initially, the venture will work to advance four projects totaling over 5 gigawatts (GW) of new natural gas combined cycle power plants for the ERCOT & PJM markets. The first 1.2 GW is expected to begin 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 joint venture argues its model is replicable and scalable, with the potential to fill a future pipeline of 10-15 GW and expand to other areas across the U.S.
NRG has over 160 TWh and 1.9 Tcf delivered, and 13 GW of generation capacity in its fleet. GE Vernova is a purpose-built, global energy company that includes power, wind, and electrification segments. Kiewit including its subsidiary, TIC, is one of America’s leading engineering, construction and procurement (EPC) companies, and one with the most experience in building projects equipped with GE Vernova equipment.
