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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

540 MW NY Plant Approved, with Conditions

LCG, October 22, 2002-A Calpine plant was approved by New York state energy officials but was subject to special environmental conditions.

The New York Board on Electric Generation forbade any further development on Calpine's plant construction north of New York City until local residents, primarily from the city of Middletown, were satisfied with water supply and discharge terms. Many residents were concerned that a new plant would have a negative effect on groundwater and water quality in the Walkill River.

The board is awaiting Calpine's final architectural design before giving the company official approval to construct the Orange County combined-cycle plant.

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