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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

Bush Budget Proposal Would Increase Renewable Spending

LCG, Feb. 5, 2002--Under the budget released by President Bush on Monday, the Department of Energy would receive 4.6 percent more funding in the 2003 fiscal year, while less would be spent on oil and natural gas research.

According to the preliminary numbers given by the administration, the overall energy budget would be $21.92 billion. Fossil research would be cut by 16 percent, or $93 million, leaving $494.2 million intact. Spending on renewable energy and energy efficiency would increase by 1 percent, to $1.312 billion.

New tax incentives as well as the continuation of current credits would provide $9.5 billion over ten years for the development of energy-saving technologies. One of the largest such credits is for wind and biomass power sources, at $1.9 billion. Other energy credits include $1.1 billion for energy produced from landfill gas, and $1.2 billion for investments in combined heat and power (CHP) systems.

Nuclear security program funding would be increased by 5.7 percent, or $433.2 million, for a total of $8.04 billion. The budget will be subject to Congressional approval, and would take effect Oct. 1, 2002.
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