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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

Dominion Plans Clean Coal Plant for Virginia

LCG, June 14, 2001Dominion Resources Inc. said this morning that it would build a 450 megawatt "clean coal" power plant in Upshur County, Va., in partnership with coal producer Anker Energy Corp.

Under the partnership agreement, Dominion will build, own and operate the plant and Anker will provide all of the facility's fuel from on-site mining operations.

Dominion said the project represents a potential investment of $600 million in Upshur County. It would create more than 500 jobs during construction and 50 to 60 permanent, high-skill jobs at the powerstation. Between 25 and 30 permanent mining jobs would also be created when the station is operational.

The plant is intended as a merchant facility, selling its power into the PJM wholesale market. If federal, state and local permits are granted, the generating station could begin commercial operation in the fall of 2005, Dominion said.

The new plant is endorse by people in high places. West Virginia Governor Bob Wise said "This project is a model for that. Anker Energy and Dominion are going to provide an economic benefit, provide employment and contribute to solving our country's energy shortage. They're going to meet tough new standards for protecting the air."

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