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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

Minnesota Poised to Adopt 25x25 Renewable Energy Plan

LCG, February 21, 2007--The Minnesota legislature Tuesday passed a bill designed to cause 25% of retail electric sales to customers in Minnesota to be supplied from renewable resources by 2025. The House overwelmingly approved the bill by a 123-10 vote, and the Governor has stated he will sign the legislation shortly.

The legislation includes renewable supply goals for most utilities of 7% by 2010, 12% by 2012, 17% by 2016 and 20% by 2020. The legislation allows for the Minnesota Public Utilities Commission to defer or change the schedule if it is in the public interest.

Renewable supply resources include wind, hydroelectric, solar, and hydrogen. Wind energy is specifically targeted to account for one quarter of the renewable supplies utilized.
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