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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

Wind Power Energized by Production Tax Credit

LCG, September 28, 2004--The House and Senate approved the Production Tax Credit for wind generation, and President Bush is expected to sign the legislation shortly. The credit, which provides for 1.5 cents for kilowatt-hour of electricity produced, had expired at the end of last year, seriously undermining the economics of new wind projects. The legislation will extend the tax credit retroactively from January 1, 2004 through December 31, 2005.

Wind generation in the United States has grown rapidly. An estimated 1,687 MW of capacity was added in 2003, with total wind capacity approaching 6,400 MW. However, when the production tax credit became bogged down in the national energy bill, investments in wind projects in 2004 were put on hold.

Wind developers are now ready to move forward with the production tax credit extended and other market drivers working favorably with respect to wind. Over the past year, Eastern coal prices have risen significantly, and natural gas prices remain relatively high. With fuel prices high, wholesale electricity prices have been elevated around much of the country. Furthermore, recent state legislation and local goals for renewable portfolio standards are motivating many public and investor owned utilities to actively pursue wind projects.

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