It's Thursday. Hyperscalers keep shopping for new power plants and finding waitlists. The owner of the biggest US power fleet would rather sell them the plants it already runs, plus extras.
In today's edition:
📅 Webinar: Structuring Gigawatts with Hans Royal and Christian Okoye, Nov. 19
⚛️ Big Story: Constellation's Peak+ pairs nuclear with batteries and demand response for hyperscalers
🔋 Quick Hits: a German battery that defers a substation upgrade, a 25 kW bidirectional home charger, Halliburton on an EGS job, an Australian battery fine, Ontario's SMR slips
💰 Capital Stack: Coreshell's $30M silicon anode round, Sunrun's preferred equity
📋 Policy Watch: Georgia's new PSC majority, Botley West refused, a rate-case breather
📊 Chart of the Day: how far electrification has to climb
But first…
📅 Event Announcement: Structuring Gigawatts (Virtual Event)
Presented by Grid Innovation Hub
Thursday, November 19 · 11 AM to 12 PM ET · Online · Hosted by Adam Shaw, Hans Royal, and Christian Okoye
Structuring Gigawatts is a one-hour online session where Hans Royal of RP Energy and Christian Okoye of Occam Edge walk through their joint research on what speed-to-power is worth to AI data centers, and how flexibility arrangements can work for data centers, utilities and investors.
Built for utility and RTO teams working on large-load interconnection, transmission planning and rate design, data center and hyperscaler power and procurement leads, developers and IPPs, infrastructure investors and lenders, and flexibility tech companies.
Hans Royal, Co-Founder & President, RP Energy
Christian Okoye, Co-Founder & CEO, Occam Edge
Adam Shaw, Founder, Grid Innovation Hub, and CMO, Integ (host)
The Big Story
Constellation pitches hyperscalers nuclear plus batteries as a gas alternative
Constellation is offering Peak+, bilateral contracts with large customers that pair power from its existing clean fleet, likely nuclear, with capacity resources such as battery storage, demand response and new generation, Utility Dive reported. CEO Joe Dominguez pitched it on the Nov. 9 earnings call as an alternative to new gas plants. The first customer, which Constellation did not name, signed a 20-year agreement for 270 MW of energy, capacity and attributes from the existing nuclear fleet.
"Constellation Peak+ gives us a new way to pair the existing fleet with incremental capacity"
Constellation's investor slides price Peak+ at $20 to $50/MWh above the floor set by the federal nuclear production tax credit.
The same slides put new combined-cycle gas in eastern PJM at $110 to $130/MWh by 2032, assuming a $3,000/kW build cost.
Dominguez said Constellation could add batteries and generation at its plants on the land it owns around them.
The fleet is about 55 GW, roughly 22 GW of it nuclear, with 1,165 MW of uprates already under long-term agreements.
Source: Utility Dive
Quick Hits
Small bites from across the grid.
Batteries deferring wires and getting fined, plus a pricier first SMR.
Bayernwerk Netz, the E.ON distribution subsidiary, is tendering a battery of at least 20 MW/80 MWh at its Speichersdorf substation as a flexibility service to defer a planned grid reinforcement, with grid connection targeted for end-2027. ESS News
Lunar Energy added a bidirectional DC EV charger of up to 25 kW to its second-generation home system, which the company says cuts charging to 3 to 4 hours. Heatmap
Sage Geosystems picked Halliburton for cementing and stimulation on Project Vector, a two-well enhanced geothermal project at Ormat's Blue Mountain plant in Nevada. ThinkGeoEnergy
EnergyAustralia was fined $750,000 by the Australian Energy Regulator over 2023 and 2024 frequency control breaches at four big batteries, which were offered into FCAS with less capacity than they could supply. RenewEconomy
Ontario Power Generation said its first BWRX-300 small modular reactor at Darlington will miss its October 2030 target and exceed its C$7.7 billion budget, with a revised cost and schedule due by mid-2027. Canary Media
The Capital Stack
Coreshell raises $30M to swap Chinese graphite for American silicon
Silicon anode startup Coreshell raised a $30 million Series B led by Ferroglobe and Access Industries, with defense contractor ADS joining as a strategic investor, Heatmap reported. The round follows a $50 million DOE grant for its first commercial-scale 2 GWh factory.
Source: Heatmap
Also in the capital stack:
Captona agreed a preferred equity partnership with Sunrun supporting 74 MW of solar and 110 MWh of storage across 9,400 residential installs in more than 20 states, with terms undisclosed. pv magazine USA
Policy Watch
Georgia's Public Service Commission will have a Democratic majority for the first time in 30 years after two seat wins, and the new members plan to challenge Georgia Power's near-10 GW gas and battery buildout, Canary Media reported. That puts the state's data center supply plan back in play. Canary Media
The UK government refused Botley West, an 840 MW solar project near Oxford, citing Green Belt harm, landscape and heritage impacts, aviation safety and farmland loss. The refusal raises the bar for other large ground-mount projects near protected land. PV Tech
Minnesota PUC vice chair Joseph Sullivan said utilities should consider "taking a breather" from rate cases, flagging data center cost allocation and eroding public trust. Expect tougher scrutiny of grid capex recovery tied to large loads. Utility Dive
Chart of the Day:
Electrification has to climb four times faster
The world gets about 23% of its final energy use from electricity and would need 35% by 2035, which means lifting the annual gain from 0.3 to 1.2 percentage points, according to the IEA report RenewEconomy charted.
Source: RenewEconomy · Nov. 11, 2026
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