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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

Fire Shuts Down 800 MW Florida Plant Indefinitely

LCG, September 10, 2002-According to plant officials, the Martin power plant in central Florida was shut down because of explosion and fire yesterday afternoon.

As of this writing, the cause of the fire is still unknown, and the unit has been shut down without a reported restart date. A second 800 MW unit at the Martin plant was also temporarily shut off as a safety precaution, although it sustained no damage.

The Martin plant is owned by Florida Power & Light, a subsidiary of FPL Group.

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