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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

Combined-Cycle Plant Under Construction in Virginia

LCG, Sep. 4, 2002--A combined-cycle plant developed by Tenaska Virginia Partners, L.P., an affiliate of Tenaska, Inc., is under construction in Fluvanna County, Va., with an expected in-service date in 2004.

The project will use heat recovery steam generators (HRSG's) supplied by Deltak, a subsidiary of Global Power Equipment Group Inc. A long-term contract for energy conversion has been signed with Coral Energy, which will supply its own natural gas to the facility and market the plant's output on the wholesale market.

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