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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

TXU May Dip Toe in Italian Power Sector

LCG, March 12, 2001The European subsidiary of U.S. energy firm TXU Corp. said on Friday it is exploring the possibility of entering the Italian energy market this year by purchasing or forming an alliance with a small municipal utility.

Paul Marsh, finance director of TXU Europe, told a press conference "We're talking to a number of municipalities to take a stake and we hope to reach an agreement this year. It will not be a major acquisition but more of a small incremental piece to increase our presence in Europe."

The Italian power market, partially liberalized in 1999 under rules set by the European Commission, has been slow to open up on its own accord. Much of the attention has been directed to the sale by Italian energy monopoly Enel of 25 percent of its generating capacity.

"We're not interested in buying Enel's plants, we prefer to team up with small local players," Marsh said. "We want to follow the same strategy in Italy as we did in Germany through the purchase of a stake in Kiel Statdwerke (city works)."

Last year, TXU Europe purchased a 51 percent interest in the municipal utility of Kiel in northern Germany for $214 million.

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