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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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X-energy and Dow Submit Application to the NRC to Construct an Advanced Nuclear Project in Texas

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

Enron May Exit Wind Power by Year End

LCG, July 5, 2001--Enron Corp. may exit the wind power business by the end of this year as part of its plans to refashion itself as a trading and marketing company, Enron Wind managing directorAndreas Reuter said yesterday.

Attending a week-long European Wind Energy Conference and exhibition in Copenhagen, Reuter said "Enron has a plan to sell off its assets not linked to trading, and Enron Wind is considered (such) an asset. We might find a solution this year."

"The most likely outcome is for a financial investor to take over the company and launch an IPO in two years time," he added.

Last year, Enron had trouble siting a wind farm in California when environmentalists discovered that the site chosen was in the path of flights by the almost-extinct California Condor, but another acceptable site was found.

In Europe, Enron has voiced interest in wind projects for Britain, France, Ireland and The Netherlands and has installed wind capacity in Germany and Spain. "If the British market starts moving, we would consider manufacturing blades over there," Reuter said.

Based on figures for the year 2000, Enron has about 6 percent of the world's installed wind power capacity, about a third of the leader Vestas Wind Systems of Denmark.

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