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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

Heat and Power System To Remain With Powergen Following Lackluster Bids

LCG, Jan. 22, 2002--After Powergen, the British utility, received what it considered to be unsatisfactory bids for its combined heat and power (CHP) system, the company chose not to sell the system.

The economic performance of the CHP assets were known to have suffered with the implementation of the new electricity trading arrangements (NETA), in March 2001. This had been a primary reason for Powergen's attempt to find a buyer. Paul Goldby, executive director of UK operations, indicated in a statement that no bid had matched the company's assessment of the CHP business' value.

The CHP system consists of 17 operating facilities and four that are under construction, with staff of about 230. CHP systems, unlike conventional power plants, utilize heat released in the production of electricity to provide steam for heating buildings. The total output of Powergen's completed system will be 600 megawatts of electrical power and 1,000 megawatts of steam.

The government announced in November 2001 that output at CHP systems had declined 60 percent since March, resulting in an ongoing appraisal of how NETA might be affecting such systems. CHP systems' highly variable output, which is uncompetitive under NETA, coupled with the effects of 25 percent lower electricity prices and natural gas prices that remain high, have contributed to the decline.

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