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  • Posted On Thursday, October 06, 2022 by Evan Lamolinara

    Powerq32022

    SalesLeads announced today the Q3 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 20 new projects in the Energy sector.

    Planned industrial project activity within the sector decreased by 60% from the previous quarter, and is down 78% 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 - 18 New Projects

                Expansion - 0 New Projects

                Renovations/Equipment Upgrades - 0 New Projects

                Plant Closing - 2 New Projects

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

                Illinois - 4

                Alberta - 2

                New Jersey - 2

                Ontario - 2

                Colorado - 1     

    Largest Planned Project

    During the 3rd quarter of 2022, our research team identified 3 new Power Generation and Energy construction projects with an estimated value of $100 million or more.

    The largest project is owned by Holtec International, who is considering investing $7.4 billion for the construction of four small modular reactors and currently seeking a site in NJ.

    Top 10 Tracked Power Generation and Energy Construction Projects

    ILLINOIS:

    Energy company is planning to invest $500 million for the construction of a 280 MW power plant in DECATUR, IL. They are currently seeking approval for the project. Completion is slated for late 2024.

    NEW MEXICO:

    Renewable energy company is planning for the construction of a 3,000 MW wind farm project on a 148,000-acre site in LINCOLN COUNTY, NM, TORRANCE COUNTY, NM, and SAN MIGUEL COUNTY, NM. They are currently seeking approval for the project.

    WEST VIRGINIA:

    Energy company is planning for the construction of a 1,800 MW natural gas-fired power plant in DODDRIDGE COUNTY, WV. They are currently seeking approval for the project.

    LOUISIANA:

    Energy company is planning for the construction of a 700 MW combined cycled power plant in IBERVILLE PARISH, LA. They are currently seeking approval for the project. Completion is slated for 2025.

    ONTARIO:

    Energy company is planning for the construction of a 600 MW natural gas and hydrogen-fueled power plant in COURTRIGHT, ON. They are currently seeking approval for the project.

    ILLINOIS:

    Renewable energy company is planning for the construction of a 593 MW solar farm on a 4,100-acre site in WAVERLY, IL. They have recently received approval for the project. Construction is expected to start in late 2022.

    SOUTH CAROLINA:

    Utility service provider is planning for the construction of a 200 MW solar farm on a 2,000-acre site in GEORGETOWN COUNTY, SC. They are currently seeking approval for the project.

    ALBERTA:

    Renewable energy company is planning for the construction of a 192 MW wind farm in CYPRESS COUNTY, AB. They are also planning for the construction of a 62 MW wind farm in MEDICINE HAT, AB. They are currently seeking approval for the project.

    MARYLAND:

    Solar energy company is planning for the construction of a solar farm at 13330 Signal Tree Ln. in ROCKVILLE, MD. They are currently seeking approval for the project.

    NORTH CAROLINA:

    Solar energy company is planning for the construction of a solar farm on a 1,700-acre site in WAYNE COUNTY, NC. They are currently seeking approval for the project. Construction is expected to start in 2025.

     

    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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