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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

UK to Push Hydroelectric Expansion

LCG, July 20, 2001Brian Wilson, the new energy minister in Britain's Labour government, was expected to announce plans today for an expansion of hydroelectric power as a means for the UK to meet climate change targets.

The proposals are expected to set in motion a 250 million ($350 million U.S.) hydroelectric program by Scottish and Southern Plc, the Financial Times said. Scottish and Southern is the UK's largest hydroelectric generator.

Wilson's plan is to extend the government's renewables program to include all new hydroelectric facilities and recondition plants of up to 20 megawatts, instead of the earlier limit of 10 megawatts. The proposal would likely draw fire from environmentalists who claim larger facilities damage eco-systems and endanger wildlife.

Earlier this week, Wilson said that if the UK is to increase its reliance on renewables from the present 3 percent to the target of 10 percent of British generation "there has to be some give and take from environmentalists."

Wilson added, "The government is expected to create a 1 billion market for renewable energy by 2010. The main driver for this will be the renewables obligation so it is crucial that this mechanism encompasses hydroelectric power."

Scottish and Southern owns 56 hydroelectric plants in Scotland with a combined capacity of about 1,000 megawatts.

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