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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

Jersey Town Okays Con Edison 500 Megawatter

LCG, Aug. 30, 2001--The power project development unit of Consolidated Edison Inc. said yesterday that it had received unanimous approval from the planning board of the south central New Jersey city of Lakewood for a 500 megawatt peaking power plant to be built in the community.

Con Edison Development said in a news release that its Ocean Peaking Power unit would invest about $220 million in the natural gas-fueled project, which will be built adjacent to a 236 megawatt cogeneration plant owned by another affiliate in Lakewood.

The new peaking plant is expected to operate only during periods of highest demand, or about 1,000 hours per year, the company said.

Con Edison Development said it would begin construction on the plant later this year, but did not venture a prediction of when it would begin commercial operation.

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