Energy news for October 16, 2026
October 16, 2026 · 4 stories
4 stories from across power and markets. The day led with US rig count holds at 603 as oil rigs fall by three.
Markets
US rig count holds at 603 as oil rigs fall by three
Oil rigs dropped to 459 and gas rigs rose to 133 in the week to October 16, leaving the total flat and 10% above a year ago.
Policy
DOE plans up to $50 million in DPA funding for Virginia and West Virginia grid upgrades
The Energy Department says reconductoring and dynamic line rating on existing lines would add an estimated 290 MW of transmission capacity on Appalachian Power's Virginia system.
Power
Green data center market forecast to reach $90.38 billion by 2035
DC Market Insights projects 12.96% annual growth from $26.71 billion in 2025, led by liquid cooling and retrofits of existing facilities.
Power
Hitachi Energy and Ansaldo Energia sign MoU on integrated power solutions
The two companies plan to pair gas turbines and generators with grid equipment for 60 Hz and 50 Hz markets, including data centers.
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