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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

SaskPower Prepares for Wind Power Project

LCG, March 7, 2002A wind power project capable of generating 5.9 megawatts will be installed near Gull Lake, Saskatchewan, starting this summer, following SaskPower's selection of Vestas Canadian Wind Technology as turbine vendor and installer.

The installation will consist of nine turbines, and is worth C$10.8 million ($6.8 million US). In addition to the Vestas project, a joint venture of Suncor and Enbridge of Alberta, SunBridge, will have its own 17-turbine installation operating near Gull Lake, by August. That installation will have a maximum output of 11 megawatts.

The SaskPower project is being supported by the government's Crown Investments Corp., and is expected to operate on a cost-recovery basis over ten years. Its output will be priced at C$35 ($22 US) per megawatt-hour. The University of Regina has committed to purchases of 570 megawatt-hours of the project's output, for C$20,000 ($12,640 US).

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