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Gemma Power Systems Receives Notice to Proceed on a 1.2-GW Power Project in Texas

LCG, April 8, 2025--Gemma Power Systems (“Gemma”), a wholly owned subsidiary of Argan, Inc. (“Argan”), has received a notice to proceed on its previously announced engineering, procurement and construction (“EPC”) services contract with Sandow Lakes Energy Company, LLC (“SLEC”) for a 1.2-GW power plant in Lee County, Texas. Construction of the natural gas-fired, combined cycle facility is scheduled to commence this summer, with an expected project completion date in 2028

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NeuVentus Receives Storage Permits for its Texas Reliability Underground (TRU) Hub Salt Cavern Storage Project

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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Industry News

PPL to Build 540 Megawatt Plant Near Chicago

LCG, April 24, 2001PPL Corp. said yesterday it plans to build a 540 megawatt simple-cycle, natural gas-fueled power plant near the University Park suburb of Chicago, at a cost of about $305 million.

"Increased demand for electricity in many areas of the United States is triggering an urgent need fornew generation sources," said William F. Hecht, PPL chief executive.

The plant will be built in an industrial park with close access to natural gas and high-voltage transmission lines. It will use 12 combustion turbines to produce power and will be equipped with advanced emissions reduction equipment, PPL said.

During construction, the plant will provide up to 150 jobs, the company said. Commercial operation is expected to begin by the summer of next year.

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