EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Fusion Project Gets European Union Backing

LCG, Feb. 25, 2002--The European Union will provide €750 million ($652 million) in funding for a working fusion power station expected to be built over 10 years.

The overall cost of the project is anticipated to be &8364;4 billion ($3.48 billion). Britain's head of the Office of Science and Technology, Professor David King, said recent progress on fusion, considered a clean version of nuclear power using deuterium, changed his status to from being "one of the skeptics" to a supporter. He said, "I'm still talking 25 years before we see the first fusion power station. I think that the demand worldwide at that stage for a highly efficient energy source is going to be enormous."

Fusion has faced considerable skepticism from scientists, but research into it has continued due to the possibility of releasing more output of energy than is provided to start a reaction. The Joint European Torus (JET) project near Oxford achieved a fusion reaction which yielded 90 percent of the power consumed.

Countries within and outside the European Union, such as France, Canada and Japan, are likely to submit bids for the building of the power station, called Iter, or in Latin, "the way."
Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service