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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

CA ISO Considers Decommissioning 1,700 MW Within a Year

LCG, September 24, 2002-The California Independent System Operator may shut down as much as 1,700 megawatts worth of old power plants.

Because older power plants produce more pollution, they must be retrofitted to meet new emissions standards. The cost of such alterations may be too high to warrant the continued operation of some older Californian plants, according to the ISO, and the grid operator may shut down plants as soon as next summer.

Choosing which plants to close will be a difficult process, considering that California does not suffer from a glut of generators and can ill afford to decommission plants offhandedly.

The ISO has not announced which plants it will consider decommissioning.
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