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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

Nevada Solar One Project Delivers Power to Grid

LCG, June 8, 2007--Acciona Solar Power announced yesterday that its Nevada Solar One project has commenced operations and is delivering power to the grid. All of the power from the 64-MW plant will be purchased by Nevada Power Company and Sierra Pacific Power Company under long-term power purchase agreements (PPAs).

In contrast to a photovoltaic energy conversion process that creates electricity via a chemical reaction between sunlight and a thin film, the Nevada Solar One project uses large-scale, parabolic trough technology to focus the energy from the sun to heat liquid, typically oil, which in turn is used to heat water to create steam. The steam powers a traditional turbine to generate power. The facility is now one of the largest solar power plants in the world.

Mirrors for the facility cover 400 acres in the Eldorado Valley. The project was constructed over a 16-month period and cost over $250 million. Commercial operations are scheduled to commence within a week.
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