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News
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LCG, April 4, 2025--NeuVentus, LLC ("NeuVentus") announced this week the receipt of a final order from the Railroad Commission of Texas (RRC) that grants a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases (including natural gas and hydrogen) and liquids at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.
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LCG, March 31, 2025--Dow and X-Energy Reactor Company, LLC ("X-energy") today announced the submission of a construction permit application to the U.S. Nuclear Regulatory Commission ("NRC") for a proposed advanced nuclear project in Seadrift, Texas. The proposed advanced small modular reactor ("SMR") project could begin construction later this decade and commence operations early next decade.
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Industry News
Holtec Launches “Mission 2030” to Deploy America’s First Nuclear SMR
LCG, February 26, 2025--Holtec announced yesterday that it has launched “Mission 2030,” a program to build America’s first small modular reactors – Holtec’s SMR-300 – at the Palisades Nuclear Facility site in Michigan, with a goal to commence commercial operations in 2030. The existing, original 800-MW Palisades plant was shutdown in 2022 due primarily for economic reasons; however, Holtec is progressing towards restarting the original unit by the end of this year, pending all necessary federal regulatory reviews and approvals.
Holtec’s SMR-300 design is for an advanced, passively safe, pressurized light water nuclear power plant, and each unit is designed to produce 300 MW of carbon-free, reliable energy. At yesterday's SMR launch ceremony, significant milestones in Holtec’s site preparation work for the SMR-300s were presented, and the event included signing of an expanded alliance agreement with Hyundai Engineering & Construction (Hyundai E&C) to build a 10-GW fleet of SMR-300s in North America through the 2030s, beginning with the Palisades SMR project. The exclusive partnership is designed to enable rapid scaling of the SMR-300 program based on learnings from the first-of-a-kind SMR-300 project at the Palisades site.
Holtec’s President of Global Clean Energy Opportunities stated, “The key to making SMR deployment faster and more cost-effective isn’t just learning from the industry—it’s applying those lessons directly to each new project. With Holtec’s in-house manufacturing and Hyundai E&C as our construction partner, we control most of the process, allowing us to refine and improve with every reactor we build. That’s how we scale smarter and deliver reliable energy where it’s needed most.”
The CEO of Holtec commented, “Hyundai E&C has the most distinguished credentials as a constructor of nuclear power plants, having built and commissioned the largest reactor complex in the last decade in the UAE on schedule, which is a rare achievement in our industry. Our own vertically integrated supply capability and a world-class project management organization, which has established a solid track record of completing numerous complex projects around the world without cost overruns, gives us the confidence that our ‘Mission 2030’ will be realized in full measure. We should also recognize our long-term ally and the third pillar of our SMR coalition, Mitsubishi Electric [Kobe, Japan, and Pittsburgh, U.S.] whose state-of-the-art control system will be deployed in the SMR-300 plants.”
Hyundai E&C's CEO summarized its commitment to U.S. clean energy investment, stating, “Hyundai E&C has established its U.S. subsidiary, Hyundai America Inc., and has been making diversified investments in U.S. power projects and SMR-300 technology. To ensure the successful completion of this project, we will work closely with the U.S. government and leading local companies to build a systematic supply chain, create and develop high quality jobs in the U.S., and develop strategies for mutual growth with local communities, ultimately pioneering a new era in the global SMR industry.”
Holtec’s SMR-300 is designed to be an advanced, passively safe, pressurized light water nuclear power plant. As an advanced Generation 3+ reactor, it uses gravity as the motive force to run its safety systems. Holtec – an American company with an international footprint – prides itself with its plans to build SMR-300 plants, service them throughout their operational life, safely manage the spent fuel, and decommissioning them at the end of life.
Since announcing the Palisades SMR-300 project in 2023, Holtec stated that it has made substantial progress, including detailed site and environmental studies to choose a location for the plant within the Palisades property, establishment of a groundwater monitoring program, and completion of soil borings. Holtec has invested over $50 million USD to date in the SMR-300 site development and environmental activities, keeping its schedule to start the formal U.S. Nuclear Regulatory Commission (NRC) construction permitting process early next year.
The existing Palisades Nuclear Facility is located on the eastern shore of Lake Michigan. The plant began generating carbon-free electricity on December 31, 1971, and the plant operating license was set to expire in 2031. Market conditions for the plant were not favorable, and Entergy, the then-owner, shut down the plant in May 2022 after the power purchase agreement (PPA) for the plant with Consumers Energy expired. In June 2022, Entergy sold the plant to Holtec Decommissioning International. Plans had called for the plant to be transferred to Holtec for decommissioning under terms of an agreement approved by the NRC in December 2021. However, Holtec applied for a federal grant under the Civil Nuclear Credit (CNC) program in July 2022 to restart the plant.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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