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News
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LCG, July 10, 2025--The U.S. Nuclear Regulatory Commission (NRC) accepted a construction permit application for review from the Tennessee Valley Authority (TVA) to build one of the nation’s first small modular reactors (SMR). TVA submitted its application in late May to use GE Vernova Hitachi’s BWRX-300 design and to install the advanced nuclear plant at its Clinch River site near Oak Ridge, Tennessee. TVA's application is the first in the U.S. that uses GE Vernova Hitachi’s BWRX-300 design.
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LCG, July 9, 2025--Strategic Value Partners, LLC (together with its affiliates, SVP) yesterday announced that its managed funds (the "SVP Funds") have agreed to acquire Red Oak Power, an 831-MW natural gas-fired combined-cycle power generation facility located in Sayreville, New Jersey.
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Industry News
RWE and Meta Announced New PPA for 200-MW Waterloo Solar Project
LCG, March 18, 2025--RWE and Meta today announced a new power purchase agreement (PPA) for offtake from RWE's 200-MW Waterloo Solar Project, which is located in Bastrop County, Texas. Under the agreement, Meta will purchase 100% of the output from the solar facility, which will support Meta's goal of matching its electricity needs with 100 percent clean energy. The project is scheduled to commence onsite construction in late 2025.
The newly announced PPA represents RWE's third, long-term contract with Meta in recent months, with a combined offtake of 574 MW from projects in Texas, Illinois and Louisiana. Previously, RWE announced that it had secured two PPAs with Meta for 100 percent of the output from RWE's 274 MW County Run Solar project in Illinois and its 100 MW Lafitte Solar project in Louisiana.
Meta's Head of Global Energy said, "We're excited to expand our partnership with RWE and look forward to the Waterloo Solar project coming online."
RWE Clean Energy's Chief Commercial Officer stated, "RWE's partnership with Meta underscores the importance of unleashing American electricity generation from all sources to support load growth in Texas and across the U.S. These collaborations enable us to continue investing in communities across America like Bastrop County, helping to stimulate job creation and economic prosperity, while simultaneously helping companies like Meta match the electricity use of their operations with clean and renewable energy."
RWE continues to expand its investments in renewable power in the U.S. Last year, RWE commissioned 1.6 GW of new solar, onshore wind and battery storage capacity in the U.S. In addition to the solar projects with Meta described above, RWE also announced today that it will provide 308 MW of new and upgraded wind power capacity to West Texas. RWE will first repower its 127-MW Forest Creek wind farm, which is currently underway and is expected to resume operations by the end of this year. Second, RWE will build the 181-MW Honey Mesquite project, which is scheduled to begin construction this Fall and commence operations in late 2026. Both projects will use GE Vernova's domestically produced, state-of-the-art, 2.82-MW wind turbines. RWE claims that, in total, it has more than 4 GW of projects currently under construction across a dozen U.S. states.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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