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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

Brazilians Deal With Effects of Large-scale Blackout

LCG, Jan. 22, 2002--A blackout attributed to transmission line failures was confirmed in five Brazilian states Monday, lasting over two hours.

According to a spokesman for the Itaipu hydroelectric dam, where 25 percent of Brazil's hydropower is generated, more than half of the dam's 18 turbines became inoperable due to a failure on a transmission line. The cities of Sao Paulo, Belo Horizonte, Rio De Janeiro, Goiania, Vitoria and Brasilia, the capital, were affected starting at 1:30 p.m., until about 4 p.m.

The areas experiencing the blackout faced the stoppage of industrial activity and some commerce. Banks were generally closed, although backup generators helped foreign exchanges and stock exchanges to operate through the blackout. Major traffic congestion was caused at intersections with darkened traffic lights, and air travel was slowed by some flight cancellations.

90 percent of Brazil's electricity comes from hydropower.
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