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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

Black Hills Sells Output of Two Small New Plants

LCG, March 21, 2001--Black Hills Energy Ventures, the independent energy business unit of Black Hills Corp., said yesterday it has secured long-term contracts for the output of its new 40 megawatt gas-fired combustion turbine and 90 megawatt coal-fired power plants under construction near Gillette, Wyo.

The company said Cheyenne Light, Fuel & Power Co. will take all 40 megawatts from the gas turbine peaking facility under 10-year contract beginning this September. The plant is scheduled to begin commercial operation in June and will sell power into the regional wholesale market until the contract goes into effect.

Most of the power from the coal-burner has been contracted for by Cheyenne Light under another 10-year arrangement. The Municipal Electric Agency of Nebraska has signed a 10-year contract for the majority of the balance.

Daniel P. Lundguth, Black Hills Corp. chief executive, said "The contracts identify substantial revenue streams that provide sufficient cash flow to service expected debt and lease payments while yielding attractive returns on investment. In addition, coal production will increase at our Wyodak mine as a consequence of operating the new power plant, augmenting its economic contribution to Black Hills Corp."

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