36 New Power Generation and Energy Industrial Projects Identified – Report for Q1 2022

SalesLeads announced today the Q1 2022 results for the new planned capital project spending report for the Power Generation industry. The Firm tracks North American planned industrial capital project activity including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 36 new projects in the Energy sector.

Planned industrial project activity within the sector remained the same from the previous quarter, but is down 56% YTD from the previous year.

The following are selected highlights on Power Generation and Energy Industry Construction construction news.         

Power Generation and Energy - By Project Scope/Activity

          New Construction - 34 New Projects

          Expansion - 1 New Project

          Renovations/Equipment Upgrades - 1 New Project

          Plant Closing - 0 New Projects

Power Generation and Energy - By Project Location(Top 5 States)

          Maine - 5    

          New York - 3

          Virginia - 3

          Idaho - 2

          Texas - 2

Largest Planned Project

During the 1st quarter of 2022, our research team identified 8 new Power Generation and Energy construction projects with an estimated value of $100 million or more.

The largest project is owned by Kindle Energy, who is planning to invest $1.5 billion for the construction of a natural gas fired power plant in PLAQUEMINE, LA. They are currently seeking approval for the project. Completion is slated for 2025.

Top 10 Tracked Power Generation and Energy Construction Projects

CONNECTICUT:

Real estate investment company is planning to invest $1 billion for the construction of an energy and data center on Myrtle St. in NEW BRITAIN, CT. They are currently seeking approval for the project.

ARIZONA:

Electric utility service provider is planning to invest $953 million for an expansion of their gas-fired power plant in COOLIDGE, AZ. They are currently seeking approval for the project.

INDIANA:

Electric and natural gas utility company is planning to invest $900 million for the construction of a pipeline and two natural gas plants in EVANSVILLE, IN. They are currently seeking approval for the project. Completion is slated for 2024.

IDAHO:

Solar energy company is planning to invest $500 million for the construction of a 300 MW solar farm in AMERICAN FALLS, ID. Construction is expected to start in 2023 and will occur in multiple phases, with completion slated for 2024.

NEBRASKA:

Renewable energy company is planning to invest $300 million for the construction of a 310 MW solar farm in MCCOOL JUNCTION, NE. They are currently seeking approval for the project.

NEW JERSEY:

Sewerage authority is planning to invest $180 million for the construction of a gas-fired power plant in NEWARK, NJ. They are currently seeking approval for the project.

TEXAS:

Solar power company is planning to invest $115 million for the construction of a solar farm on a 1,750 acre site in CRAWFORD, TX. They are currently seeking approval for the project.

ALBERTA:

Geothermal energy company is planning to invest $90 million for the construction of a 10MW power plant in GREENVIEW, AB. Completion is slated for 2023.

 INDIANA:

Solar energy company is planning to invest $88 million for the construction of a 75MW solar farm in ALBANY, IN. They are currently seeking approval for the project.

ILLINOIS:

Solar energy company is planning to invest $70 million for the construction of a 50MW solar farm on a 380 acre site in KNOX COUNTY, IL. They are currently seeking approval for the project. Construction is expected to start in 2023.

About SalesLeads, Inc.

Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

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