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Holtec Signs Strategic Cooperation Agreement with Utah and Hi Tech Solutions to Deploy Nuclear SMRs

LCG, May 1, 2025--Holtec International (Holtec) announced the signing on April 29 of a strategic cooperation agreement with the State of Utah and Hi Tech Solutions, a leading nuclear services provider based in Kennewick, Washington, to collaborate in the deployment of Holtec's SMR-300s (small modular reactor) in Utah and the broader Mountain West region. Hi Tech will play a leading role in the project development and workforce training to support the rise of new nuclear power generation in the region.

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EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.

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Industry News

Cinergy Invests in e-Biz Firm

LCG, July 6, 2000--Cinergy Corp. of Cincinnati said this morning that it would buy in two phases about 5 percent of the common stock in an e-business firm named Convergent Group. The first phase will be an investment of $10 million for an undisclosed number of shares in the dot-com company.A second phase will take place when Convergent goes public. At the time of its initial public offering, Cinergy will acquire the balance of its 5 percent stake at a discount to the IPO price.In addition, Cinergy has hired convergent to co-develop and put into effect a multi-tiered program focusing on customer service through which Cinergy will use the Internet to more effectively compete in the changing marketplace for energy.James Rogers, chief executive of Cinergy, said This strategic alliance will move us forward in creating the digital energy company of the future. Our equity investment in Convergent is an indication of our confidence in their business model, based on first-hand successes, and out commitment to investing in technology that reshapes our business.Rogers added that his vision is for a customer to be able to place a service request and have it transacted on-line without a human hand touching it of a human eye looking at it.We will try that the next time we need the gas man to come out an light a pilot light.
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