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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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Avangrid's 238-MW True North Solar Project Achieves Commercial Operation

LCG, March 27, 2025--Avangrid, Inc., a member of the Iberdrola Group, today announced that its True North Solar project, located in Falls County, Texas, has achieved commercial operation. The True North Solar project will deliver electricity into ERCOT and support Meta's operations, including Meta's upcoming data center in neighboring Temple, its second data center in Texas.

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Industry News

Spanish Endesa to Sell Power Unit to Italy's Enel

LCG, Sept. 13, 2001--Spanish electric utility Endesa said yesterday it would sell its New Viesgo electric generation and distribution business to Enel of Italy for 2.147 billion euros ($2.39 billion U.S.).

New Viesgo will give Enel a foothold in Spain with a retail customer roster of more than a half-million representing about 3 percent of the Spanish distribution market. Its 2,365 megawatts of installed generating capacity is almost 5 percent of the Spanish total.

The financial channel between Endesa and Enel is a two-way street. In July, Endesa agreed to buy Enel's Elettrogen for 2.63 billion euros ($2.93 billion). Endesa has said it will place other assets on the market as part of a program to raise 20.5 billion euros ($22.8 billion).

Enel beat out rival bids from Spain's Hidroelectrica del Cantabrico, Belgium's Electrabel and a unit of France's Suez.

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