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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

AWEA Issues Second Quarter 2017 Market Report

LCG, August 3, 2017--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Second Quarter 2017 Market Report. AWEA's evaluation concludes that developers installed 357 MW of new wind capacity in the U.S., increasing the total to 2,357 MW. The total installed capacity in the U.S. is now 84,405 MW, and Kansas became the fifth state in the U.S. to surpass 5,000 MW of installed capacity.

Three companies dominated the installations. GE Renewable Energy, the newly merged Siemens Gamesa Renewable Energy, and Vestas installed a combined 97% of the 2,357 MW of facilities commissioned during the first half of 2017.

AWEA estimates significant additional capacity from newly installed wind turbines by the end of 2017. For the second quarter, project developers announced 2,495 MW in new construction activity and 1,346 MW in new advanced development activity. AWEA's report states that there are now 14,004 MW under construction and 11,815 MW in advanced development, or a combined 25,819 MW of wind capacity under construction or in advanced development. These figures represent a 41% year-over-year increase.

Texas continues to lead the U.S., with 21,044 MW of installed capacity. Based upon construction activity, Oklahoma may surpass Iowa to become the second-ranked state in installed capacity by the end of 2017. California and Kansas are ranked four and five.

With respect to power purchase agreements (PPAs), AWEA reports new agreements totaling 1,697 MW were signed during the second quarter, raising the total capacity announced in 2017 up to 3,443 MW.
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