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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

Brazil Power Plant Concessions Bring Big Premiums

LCG, June 29, 2001Bidders for eight concessions in electricity-short Brazil to build and operate hydroelectric plants brought plenty of money to the auction yesterday, paying a premium of eight times the total minimum set by the government electricity regulator Aneel.

Among those winning concessions and paying the highest premiums were companies that can't live without large amounts of power, and seek to generate their own. U.S. aluminum company Alcoa paid a premium said to be 3,000 percent over the government's base price and Brazilian metals giant Cia Vale do Rio Doce was awarded the largest project.

Alcoa's group paid 37 million reals ($16 million U.S.) for the right to build a 210 megawatt facility in the state of Goias. The project will require an investment of around 320 reals ($138 million).

Cia Vale do Rio Doce's group won the right to an 840 megawatt plant to be built on the Uruguai River that separates the states of Santa Catarina and Rio Grande do Sul. That plant will require an investment of 1 billion reals ($430 million).

Bidders agreed to pay a combined 69 million reals ($30 million) in concession fees for a period of up to 30 years. Payment of the fees begins when the plants become operational.

Mario Abdo, head of Aneel, said the auction "was a success, which matches the country's interests. The moment of the (power) crisis boosts the interest in increasing the amount of energy to be offered."

Though Brazil's electricity crisis was brought on by a long drought, officials said the concessions are for hydroelectric plants in parts of the country where there has been no water shortage. In any case, the smallest of the plants will not likely begin operation for about five years.

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