Energy Infrastructure

Aon Launches $2.5B Power Lifecycle Insurance for Gas Projects

Dublin – – September 28, 2026 -- Aon plc (NYSE: AON) has launched its Power Lifecycle Program (PLP), a new insurance solution offering up to $2.5 billion in coverage per project to support conventional gas power projects from construction through operations.

Aon offers up to $2.5 billion in combined construction and operational coverage per project

The program provides up to $2.5 billion in Erection All Risks and Delay in Startup coverage for construction, testing and commissioning phases, plus a separate $2.5 billion in Operational Property Damage and Business Interruption coverage for early operations. Clients can also access up to $100 million in Construction and Operational Third-Party Liability coverage, excluding U.S. projects.

Google Backs Georgia Nuclear Uprates, Unlocking $900M Customer Savings

Atlanta – September 21, 2026 -- Georgia Power and Google have filed a new agreement with the Georgia Public Service Commission that ties Google's subscription to nuclear capacity uprates at Plants Hatch and Vogtle, a move projected to deliver approximately $900 million in customer benefits over the life of the units.

Google subscription funds 96 megawatts of new nuclear capacity

The filings, submitted under Docket 44280 and Docket 56002, detail how Google's support for extended power uprates (EPUs) at Georgia Power's owned nuclear units will add roughly 96 megawatts of capacity to the state grid. The agreement requires PSC approval and introduces a new Nuclear Uprate (NU-1) tariff structure.

Hornbeck Offshore Wins Multi-Year North Sea Decommissioning Deal

Houston – September 17, 2026 -- Hornbeck Offshore Services, Inc. (NYSE: HOS) said its subsidiary Helix Well Ops (U.K.) Limited has secured a multi-year decommissioning contract with a major North Sea operator, set to begin in the second quarter of 2027 with a firm two-year term and customer options to extend.

Contract covers riserless plug and abandonment work using purpose-built vessels

Hornbeck will perform the operations using either the Well Enhancer or Seawell, both riserless well intervention vessels. The award includes a fully integrated service package: vessel deployment, a Subsea Intervention Lubricator well access system, ROVs, saturation diving, and project management and engineering support delivered under a single contract.

Shanghai Electric Wins First Overseas Heavy-Duty Gas Turbine Deal in Malaysia

Shanghai – September 16, 2026 -- Shanghai Electric has secured its first overseas heavy-duty gas turbine contract, landing the Unit 3 award for the 500 MW Sarawak Samalaju Combined Cycle Gas Turbine Project in Malaysia.

Shanghai Electric will deliver full EPC turnkey scope plus a 25-year service agreement

The contract covers a complete engineering, procurement and construction turnkey solution for the gas-fired plant, paired with a 25-year long-term service agreement (LTSA) spanning all major equipment. Gas turbines, steam turbines, generators, heat recovery steam generators and air-cooled systems will all be manufactured in-house by Shanghai Electric, which will also act as the sole provider for decades of maintenance and service.

HD Hyundai to Invest $780M in New Ulsan Engine, SMR Plants

Seoul, South Korea – September 15, 2026 -- HD Hyundai Heavy Industries will invest a combined KRW 1.0722 trillion to build a new land-based power generation engine plant and a dedicated small modular reactor (SMR) equipment facility, both in Ulsan, as it races to capture surging power demand from AI data centers.

New 3 GW engine facility targets 2028 startup in Ulsan

The company will spend KRW 833.6 billion on a 215,000-square-meter production complex in Onsan-eup, Ulju-gun, Ulsan, dedicated to HiMSEN engines for land-based power generation. The site will include engine assembly and testing, crankshaft machining, and engine block casting operations. Construction starts in the first quarter of next year, with completion targeted for May 2028 and full-scale operations to follow.