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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

Another FirstEnergy Nuke Shut Down

LCG, September 24, 2002-FirstEnergy's Perry nuclear plant has been offline since Sunday.

According to plant officials, the plant went offline because of a false alarm, which indicated reportedly nonexistent damage to a turbine.

The plant will remain offline for a week until the alarm is repaired; meanwhile FirstEnergy's coal plants, as well as electricity bought from other companies, will replace the capacity lost by the shutdown.

FirstEnergy's David Besse plant was in the news earlier this year when corrosion of the reactor cap created a significant hole in the reactor vessel.

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