Electrification Industrials

GOOGL announces $40bn for 3 data centers in TX. Argan begins construction on Basin Ranch. SunZia takes delivery of GEV Onshore Wind turbines. AGX ($353.30, BUY) – Google commit $40bn to Texas (link) Google (GOOGL,…

FirstEnergy proposes a 1.2 GW CCGT & 70 MW of utility-scale solar in West Virginia. Blackstone commits $1.2bn to develop 600 MW greenfield CCGT in West Virginia. Schneider Electric brings new Energy Management capacity online…

Meta signed 3 solar PPAs totaling 1GW. Major utility signs a landmark MSA with Quanta to pursue $72bn capital plan heavy on HVDC transmission. PRIM ($126.58, BUY) – Meta inks 1GW solar PPAs (link +…

GE Vernova secured another 1.2GW of CCGT demand in Indiana. A key customer for Primoris cancels a $300mm BESS facility, possibly over NIMBY opposition. GEV ($575.14, BUY) – GEV inks 1.2GW CCGT in Indiana (link)GE…

We spoke with the head of business development at a leading gas power E&C. Pricing trends continue to inflate sequentially with even brownfield work seeing inflation. We also dissect exactly how staffing expansion happened at…

Major transmission OEM announces large hiring plans. South Korean gas turbine secures first U.S. order. Major RTO receives FERC approval to consider BTM generation in approving transmission offtakes. PRIM ($138.82, BUY) – Hitachi to hire…

Secretary of Energy stresses need for collocated power in media appearance. A Vertiv rival held a launch event reintroducing an expanded liquid cooling suite for AI / HPC applications. Vertiv announces the impending appointment of…

Fermi S-11 sets extremely ambitious timeline for gas & nuclear generation deployments, discloses possible PRIM involvement. Xcel Energy has purchased 2GW in gas generation from GEV competitor Siemens Energy to serve load growth in TX,…

We initiate coverage on solar & gas generation E&Cs Primoris (PRIM $121.94, BUY) and Argan (AGX $259.58, HOLD) at a time when E&Cs are seeing unprecedented pricing power. The conversation is shifting now from if…