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X-energy and Dow Submit Application to the NRC to Construct an Advanced Nuclear Project in Texas

LCG, March 31, 2025--Dow and X-Energy Reactor Company, LLC ("X-energy") today announced the submission of a construction permit application to the U.S. Nuclear Regulatory Commission ("NRC") for a proposed advanced nuclear project in Seadrift, Texas. The proposed advanced small modular reactor ("SMR") project could begin construction later this decade and commence operations early next decade.

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Avangrid's 238-MW True North Solar Project Achieves Commercial Operation

LCG, March 27, 2025--Avangrid, Inc., a member of the Iberdrola Group, today announced that its True North Solar project, located in Falls County, Texas, has achieved commercial operation. The True North Solar project will deliver electricity into ERCOT and support Meta's operations, including Meta's upcoming data center in neighboring Temple, its second data center in Texas.

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Industry News

British Government Considers Nuclear Takeover

LCG, January 23, 2003-British officials are considering taking over a nuclear generation company in the United Kingdom because of its financial troubles.

British Energy PLC, which received a large loan late last year, has been having difficulty due in part to low wholesale power prices. The company announced a loss of £337 million ($546 million) during the six months up to September of last year.

Also last year, the United Kingdom took steps to deregulate its energy markets, but now the House of Commons may even change the law in order to allow the nuclear company to file for bankruptcy and come under government supervision.

Loans to the nuclear generation company were questioned by European and Canadian companies because some considered the £410 million loan to be unfair assistance and unapproved by the European Commission. The European Commission later did approve aid to the energy company, but environmental groups such as Greenpeace still oppose the aid because of safety and cost issues, contending that British nuclear generation is dangerous and not cost efficient.

British senior ministers will discuss possibilities today and may stop new nuclear construction for up to five years.

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