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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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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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Industry News

What Would Don Quixote Do?

LCG, February 28, 2006--The electric generating capacity from wind farms is growing at a phenomenal rate around the world. With 11,769 MW of new installed capacity from wind farms, the global capacity increased 43.3% in 2005, according to the Global Wind Energy Council (GWEC). The American Wind Energy Association (AWEA) recently announced that the U.S. added over 2,400 MW of wind turbine generating capacity in 2005.

On a global basis, the total value of new generating equipment installed exceeded $14 billion. GE Energy, one of the primary suppliers of turbines, announced yesterday that it delivered 1,346 wind turbines worldwide in 2005 and that its revenue exceeded $2 billion, representing an increase of over 200% relative to the prior year's total.

In the U.S., the development of wind generating capacity is becoming more attractive due for a number of reasons, including higher fuel and emission costs for natural gas-fired and coal-fired power plants and government policies that set renewable portfolio standards or provide financial incentives, such as the extension of the federal wind-energy production tax credit (PCT) in 2005.

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