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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

Atlantic Wind Connection Files Application to Support Offshore Grid for Wind Power

LCG, April 1, 2011--Atlantic Wind Connection (AWC) filed a right-of-way application yesterday with the Department of the Interior's Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) to support plans to construct an underwater electric transmission system designed to transmit up to 7,000 MW of power from offshore wind turbines to the transmission grid, with four planned connections ranging from near Norfolk, Virginia up to Delaware, plus interconnections in southern and northern New Jersey.

Trans-Elect (affiliated with the project) filed an application with the Federal Energy Regulatory Commission (FERC) for approval to construct system last December. The target schedule for the project is to receive regulatory approvals and project funding by 2013. Construction could then commence, with the first phase of construction completed in 2016 and the entire, 350-mile project completed by 2020. The estimated project cost is approximately $5 billion.

The project plans to use High Voltage Direct Current (HVDC) technology to create the off-shore, transmission backbone. The project is designed to be scalable so that it can be expanded to receive energy from additional off-shore wind projects.

The project investors are Good Energies, Google and Marubeni.
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